Tag: 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...

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...

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...

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

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

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

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

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

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

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...