Tag: account

What is 'Uncollected Funds' The amount of a bank deposit that comes from checks that have yet to be cleared by the...

DefinitionThe underbanked is a characteristic describing people or organizations who do not have sufficient access to mainstream financial services and products typically offered by...

What is 'Undercast' A forecasting error that occurs when estimating items such as future cash flows, performance levels or production. Undercasting produces...

What are unappropriated retained earnings Unappropriated retained earnings are the portion of a business's profits that have not been allocated to specific expenses. This money...

DefinitionThe unbanked are adults who do not have their own bank accounts. Along with the underbanked, they may rely on alternative financial services for...

What does 'Offset' mean An offset involves assuming an opposite position in regards to the original opening position. Additionally, to offset is...

DefinitionA credit card is a payment card issued to users to enable the cardholder to pay a merchant for goods and services based on...

DefinitionSavings.com is a website that offers coupons and promotional savings, known as "deals," redeemable at nationally recognized merchant web sites and stores. Savings.com sources...

DefinitionA certificate of deposit is a time deposit, a financial product commonly sold in the United States and elsewhere by banks, thrift institutions, and...

What is 'Unamortized Bond Premium' The difference between the par-value or face-value of a bond and the price above this face value,...