- Industry: Financial services
- Number of terms: 73910
- Number of blossaries: 1
- Company Profile:
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Using past data or variable of interest to predict future values of the same variable.
Industry:Financial services
A contract stating that the unpaid balance becomes due and payable if specific actions transpire, such as failure to make interests payments on time.
Industry:Financial services
Checks deposited by a company that have not yet been cleared.
Industry:Financial services
Information that is known to some people but not to other people.
Industry:Financial services
Any depreciation method that produces larger deductions for depreciation in the early years of a asset's life. Accelerated cost recovery system (ACRS), which is a depreciation schedule allowed for tax purposes, is one such example.
Industry:Financial services
In context of general equities, stock is available to new customer as trade initiated by another customer is about to be consummated (on the exchange floor). Usually said to an inquiring salesperson. See: Open.
Industry:Financial services
When participants in a transaction have different net tax rates.
Industry:Financial services
Contractual agreement instigated when the drawee of a time draft "accepts" the draft by writing the word "accepted" thereon. The drawee assumes responsibility as the acceptor and for payment at maturity. See: Letter of credit and banker's acceptance.
Industry:Financial services
Term meaning inseparable from the financial instrument. This gives a guarantee and is abstracted from the performance of the underlying trade contract: Article 31 of the 1930 Geneva Convention of the Bills Of Exchange states that the aval can be written on the bill itself or on an allonge. US Banks are prohibited from avalizing drafts.
Industry:Financial services
