Tag: credit
Daylight Overdraft
DefinitionIn the United States, the daylight overdraft is a system in which "allows qualifying banks to overdraw on their Federal Reserve accounts in order...
Day Cycle
What is 'Day Cycle' The time period alloted for the delivery of Automated Clearing House debits and credits from an originator to...
Debt Consolidation
DefinitionDebt consolidation is a form of debt refinancing that entails taking out one loan to pay off many others. This commonly refers to a...
Dealer Financing
What is 'Dealer Financing' Loans that are originated by a retailer to its customers and are then sold to a bank or...
Day Loan
What is 'Day Loan' A temporary transfer of funds from a bank to an individual broker or a brokerage firm that is...
Dangling Debit
What is 'Dangling Debit' A debit entry with no offsetting credit entry. Dangling debit occurs when a company purchases goodwill or services...
Ultrafast Trading
What is 'Ultrafast Trading' A lucrative and highly competitive method of stock trading that uses special software that works in milliseconds to...
National Association of State Boards of Accountancy (NASBA)
What is 'National Association Of State Boards Of Accountancy - NASBA' A U.S. nonprofit group founded in 1908 that seeks to enhance...
Tax Deduction
What is a tax deduction and how does it work
A tax deduction is an expense that can be subtracted from your taxable income. This...
Underlying Option Security
What is an underlying option security
An underlying option security is a security that can be used as collateral for options contracts. The most common...