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
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 Due Diligence on Lenders I am sure all of you have applied for some type of a loan from some institution to be used for college,
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
See Also: Chart of Accounts (COA) Trade Account Problems in Chart of Accounts Design Control Account Definition The definition of a control account is a general ledger account that summarizes (or controls) a subsidiary ledger group of detail accounts. The total should equal the sum of the group of similar accounts. The benefit of not
See Also: How to Select Your Commercial Insurance Broker Proforma Invoice Example PEO or Outsource Payroll Commercial Agents 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 his
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
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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