Tag: accounts
In Escrow
What does 'In Escrow' mean In escrow is an item such as money or a piece of property that has been transferred...
Immediate Beneficiary
What is an immediate beneficiary
An immediate beneficiary is a person or entity who receives benefits from a trust or other financial arrangement immediately, as...
National Treatment
DefinitionNational treatment is a principle in international law vital to many treaty regimes. It essentially means treating foreigners and locals equally. Under national treatment,...
Narrow Money
DefinitionIn economics, broad money is a term denoting a certain measure of the amount of money in a national economy, and it is used...
National Income Accounting
What is National Income Accounting
National income accounting is used to track a country's economic activity and growth. It measures the total value of all...
Named Beneficiary
What is 'Named Beneficiary' This term refers to any beneficiary named in a will, a trust, an insurance policy, pension plan accounts,...
Import Duty
Import Duty What is an 'Import Duty ' Import duty is a tax collected on imports and some exports by the...
Offset Mortgage
Definition
The term flexible mortgage refers to a residential mortgage loan that offers flexibility in the requirements to make monthly repayments. The flexible mortgage first...
Offshore
What is 'Offshore' Offshore identifies any item that is located or based outside of one's national boundaries. The term "offshore" is used...
Offsetting Transaction
What is an 'Offsetting Transaction' In trading, an activity that exactly cancels the risks and benefits of another instrument in the portfolio....