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Kiting What is 'Kiting' Kiting is the act of misrepresenting the value of a financial instrument for the purpose of extending credit...
Kremlinomics What is 'Kremlinomics' A financial buzz word used to describe economic policies which some view to be overly leftist. Kremlinomics alludes...
National Insurance Contributions (NIC)
National Insurance Contributions (NIC) What is 'National Insurance Contributions - NIC' Payments made by employees and employers into the United Kingdom's National...
Offline Debit Card
Offline Debit Card What is 'Offline Debit Card' A card that combines characteristics of both a traditional (online) debit card and a...
Magnetic Ink Character Recognition Line (MICR)
Magnetic Ink Character Recognition Line (MICR) What is 'Magnetic Ink Character Recognition Line - MICR' The information that appears at the bottom...
Abandoned Property What is 'Abandoned Property' Assets such as cash, stocks, bonds, mutual funds, uncashed checks, land, life insurance policies and the...
Rain Check What is 'Rain Check' A rain check is a promise or commitment from a seller to a buyer that an...
DefinitionBad Credit was a comedy hip hop duo based out of San Diego, California which lasted from 2002 to 2008, fronted by musicians and...
Bad Check What is 'Bad Check' A check drawn on a nonexistent account or on an account with insufficient funds to honor...
Canceled Check What is a 'Canceled Check' A canceled check is a check that has cleared the depositor's account and has been...
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Should I invest in additional life coverage?
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