Tag: banks
Savings Club
What is 'Savings Club' A non-incorporated group that has opened some type of savings or other deposit account. The money in the...
Sallie Mae (Student Loan Marketing Association)
What is 'Sallie Mae - Student Loan Marketing Association' Sallie Mae is a publicly traded company that is the largest provider of...
Badwill
What is 'Badwill' The negative effect felt by a company when shareholders and the investment community find out that is has done...
Bad Debt Recovery
What is a 'Bad Debt Recovery' A bad debt recovery is business debt from a loan, credit line or accounts receivable that...
Salad Oil Scandal
DefinitionThe Salad Oil Scandal, also referred to as the "Soybean Scandal", was a major corporate scandal in 1963 that ultimately caused over $150 million...
Back Office
DefinitionA back office in most corporations is where tasks building layout of early companies where the front office would contain the sales and other...
Back Order
What is a 'Back Order' A back order is a customer order that has not been fulfilled. A back order generally indicates...
Bailout Bond
What is 'Bailout Bond' A debt security issued by the Resolution Funding Corporation to bail out the savings and loan associations during...
Bad Check
What is 'Bad Check' A check drawn on a nonexistent account or on an account with insufficient funds to honor the check...
Bad Debt Reserve
What is 'Bad Debt Reserve' An account set aside by a company to account for and offset losses that arise as a...