When an organization has an informal informational channel. It sometimes is faster than formal communication.
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When a bill is made to collect on debt from another period. This is due to error or an eligible collection. It is best to avoid this.
The date on a document that is retroactive. AKA ante date. It is the opposite of post date.
A process where the BANK OF ENGLAND attempts to influence UK money supply indirectly by dealing in TREASURY BILLS through its own account, at market rates. See also FRONT DOOR.
A process where an unlisted or private company gains a stock EXCHANGE listing through a MERGER or ACQUISITION with a company that is already listed.
To sell without allowing a competitive bid. AKA backflush accounting.
1.the place that customers don’t get to see. Services are provided that are vital but go unseen. Refer to front end. 2. A commission an independent agent gets for sales they recruited.
A bit of land away from water or the road.
An agreement that lists obligatios and rights that are not on the principal agreement.
Expenses deducted at the time benefits are paid out.
An additional section at the end of a book. It is placed after the main text.
Ideas of a business plan with out details. This is the big picture or a quick outline thought up on the fly.
The past wages and benefits an employee can get retroactively. This is illegal in court.
A requirement that retroactive compensation be denied by an employer. They were used in discrimination cases in the federal civil rights laws.
Those assessed for a previous year or years and remaining due and unpaid from the original tax debtor. M. E. Church v. New Orleans, 107 La. 611. 32 South. 101; Gaines v. Galbraeth, 14 Lea (Tenn.) 363.
Agreements that are linked. Each agreement has the same terms.
A promise to perform and pay back a debt. AKA back guarantee and reciprocal credit. Refer to back letter of credit.
When an irrevocable letter or credit acts as the collateral for another letter of credit. The first letter’s bank is the issuing bank for the second letter.
When a bank gives a loan based on a loan already given in another country. It is done to prevent exchange restrictions. A parent and subsidiary firm is used. The parent is ultimately liable for default. Refer to parallel loan.
1.When one journey is taken directly after another. 2. buying two tickets instead of a round trip. A discount or restriction avoidance is the usual reason for this.