Tag: transaction

Electronic Funds Transfer (EFT)

See Also: Electronic Data Interchange Technology Assessment Criteria How to evaluate IT systems How Redundant is Your Data Communications Link? Research and Development Electronic Funds Transfer (EFT) Definition Electronic funds transfer (EFT) refers to an electronic financial transaction. According to the U.S. Electronic Fund Transfer Act, an EFT is a non-paper financial transaction initiated via

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Due Diligence on Lenders

See Also: Relationship with Your Lender Finding the Right Lender The Dilemma of Financing a Start-up Company Every Business has a Funding Source, Few have a Lender Angel Investor The Due Diligence on Lenders Definition I am sure all of you have applied for some type of a loan from some institution to be used

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Currency Swap

See Also: Currency Exchange Rates Transaction Exposure Exchange Traded Funds Translation Exposure Hedge Funds Currency Swap Definition Currency swaps are used to manage exchange rate risk. In a currency swap, two counterparties exchange the interest and principal payments on loans in different currencies. The counterparties agree to a set exchange rate, a set maturity, and a

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Commercial Agents

See Also: How to Select Your Commercial Insurance Broker Proforma Invoice Example PEO or Outsource Payroll Commercial Agents Meaning Commercial agents are individuals, who may be part of a commercial agency, hired by a company to represent one or more principals within an organization. Typically, they will seek out and acquire business on behalf of

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Bank Charge

See Also: Fixed Charge Coverage Ratio Analysis 5 C’s of Credit (5 C’s of Banking) SKU Categories of Banks Bank Charge Definition Bank charge, defined as the fees associated maintaining a bank account, exist in the personal as well as business world. These charges come from two factors. First, regular account maintenance is perhaps the

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See Also: Arbitrage Pricing Theory Market Positioning Capitalization Inventory to Working Capital Analysis Mining the Balance Sheet for Working Capital Arbitrage Definition Arbitrage is the practice of profiting from the mispricing of an asset that trades in multiple markets. For arbitrage to be possible, an asset must trade in at least two different markets. If the same

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Accounting Income vs Economic Income

See Also: Economic Income Accounting Income Definition Income Statement Operating Income Net Income Future of the Accounting Workforce Variance Analysis Accounting Income vs Economic Income Definition Accounting income or loss recognizes realized gains and losses, and does not recognize unrealized gains and losses. Economic income or loss recognizes all gains and losses, whether realized or

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Accounting Cycle

See Also: Account Reconciliation Account Reconcilement Definition Accrual Based Accounting Financial Accounting Standards Board (FASB) Generally Accepted Accounting Principles (GAAP) Thirteen Week Cash Flow Report Accounting Cycle Definition The accounting cycle, defined as the process taken by prudent accountants which leads to sensible accounting records, is part of the general best practices of accountancy. During

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