Tag: account

Savings Account

DefinitionA savings account is a deposit account held at a retail bank that pays interest but cannot be used directly as money in the...
Variation Margin

Variation Margin

How to Calculate Variation and Maintenance Margin In futures trading, you must provide variation margin to your broker if you want to continue trading. If...

Fair Credit Reporting Act (FCRA)

DefinitionThe Fair Credit Reporting Act, 15 U.S.C. § 1681 is U.S. Federal Government legislation enacted to promote the accuracy, fairness, and privacy of consumer...

Fade

What is a 'Fade' A fade is a contrarian investment strategy used to trade against the prevailing trend. "Fading the market" is...

Fail

What is 'Fail' In common trading terms, if a seller does not deliver securities or a buyer does not pay owed funds...

Waterfall Payment

What is a 'Waterfall Payment' A waterfall payment is a type of payment scheme in which higher-tiered creditors receive interest and principal...

Waiver Of Demand

What is 'Waiver Of Demand' An agreement by the party that has endorsed a check or draft to accept legal responsibility, without...

Garnishment

DefinitionGarnishment is an American legal process for collecting a monetary judgment on behalf of a plaintiff from a defendant. Garnishment allows the plaintiff to...

Gen-Saki

What is 'Gen-Saki' A secondary market in Japan, also known as a repo market for its similarity to repurchase agreements. It is...

General Ledger

DefinitionA general ledger contains all the accounts for recording transactions relating to a company's assets, liabilities, owners' equity, revenue, and expenses. In modern accounting...

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