CREDIT RESERVE
A contra account that is used to fund EXPECTED CREDIT LOSSES. Reserves are established by deducting required amounts from operating revenues or current income, and are used when a COUNTERPARTY ceases to
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A contra account that is used to fund EXPECTED CREDIT LOSSES. Reserves are established by deducting required amounts from operating revenues or current income, and are used when a COUNTERPARTY ceases to
A regulatory method of computing CREDIT RISK on a SWAP under the BANK FOR INTERNATIONAL SETTLEMENT
An invoice practice where credit customers ar billed daily instead of monthly.
Restriction of the operation of sea, air, or other transport services within or into a particular country to that country’s own transport services.
Calls to premium rate numbers can be blocked by asking your phone company for a bar on premium rate calls. The bill payer needs to contact the phone company to arrange for
An OVERTHECOUNTER COMPLEX OPTION that grants the buyer a payoff based on the difference between a predefined STRIKE PRICE and the highest price achieved by the UNDERLYING reference ASSET over the life
A card bearing a person’s name and address, sent or left in lieu of a formal social or business visit.
A contract that may be cancelled at any time without penalty Usually requires a certain amount of days’ notice by the party cancelling before the contract is terminated.
Emissions trading (also known as cap and trade) is a market-based approach used to control pollution by providing economic incentives for achieving reductions in the emissions of pollutants.
As a hedge fund strategy it involves structuring trades using different instruments relating to a single issuer. For example taking a long position in the debt of a company while shorting equity
Market capitalization/capitalisation (often market cap) is a measurement of size of a business enterprise (corporation) equal to the share price times the number of shares outstanding (shares that have been authorized, issued,
A car title loan, or simply title loan, is a loan where the borrower provides their car title as collateral for a loan.
A playing card is a piece of specially prepared heavy paper, thin cardboard, or thin plastic, figured with distinguishing motifs and used as one of a set for playing card games. Playing
The skills or benefits an employee brings to a career.
Code assigned by IATA and commonly used to identify a carrier. As the same code may have been assigned to different carriers over time, the code is not always unique.
A CORPORATE FINANCE transaction where a company segregates a portion of its business, places it in a separate corporate entity, and sells it to a third party or floats it through an
An accountancy reporting method that recognizes cash inflows or outflows when actually expended or received.
Refers to the period of time, often given days, in between the purchasing of the raw materials and the receipt of payment from accounts receivable which was generated from the final sale
In INSURANCE, a pricing strategy where the PREMIUM charged is less than the EXPECTED LOSS LEVEL. The intent is to generate a large amount of premiums through the underpricing and use proceeds
A bond that requires cash to be paid as well as an exchange of common stock, typically at the investor’s option to exchange the bond at particular times over the bond’s life,