Tag: customer
Know Your Client (KYC)
What is 'Know Your Client - KYC' The Know Your Client form is a standard form in the investment industry that ensures...
Call Deposit Account
What is a 'Call Deposit Account'
A call deposit account is a bank account for investment funds that offers the advantages of both a savings...
Backorder Costs
What is 'Backorder Costs' A cost incurred by a business when it is unable to fill an order and must complete it...
Safe Deposit Box
DefinitionA safe deposit box, also known as a safety deposit box, is an individually secured container, usually held within a larger safe or bank...
Bailee
DefinitionBailment describes a legal relationship in common law where physical possession of personal property, or a chattel, is transferred from one person to another...
Earnings Credit Rate (ECR)
Earnings Credit Rate (ECR) What is 'Earnings Credit Rate - ECR' A daily calculation of interest paid on idle funds that reduce...
Lapping Scheme
What is a 'Lapping Scheme' A lapping scheme is an accounting method that involves altering the accounts receivable section of the balance...
Early Adopter
DefinitionAn early adopter or lighthouse customer is an early customer of a given company, product, or technology. The term originates from Everett M. Rogers'...
Tailgating
DefinitionTailgating is when a driver drives behind another vehicle while not leaving sufficient distance to stop without causing a collision if the vehicle in...
Qualified Acquisition Cost
What is Qualified Acquisition Cost
Qualified Acquisition Cost (QAC) is a measure of the costs incurred by a company to acquire or develop new products...