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10 Results for Tag: debit

National Automated Clearinghouse Association (NACHA)

National Automated Clearinghouse Association (NACHA) What is 'National Automated Clearinghouse Association - NACHA ' A non-profit membership association charged with overseeing the Automa

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 credit card, allowing the cardholder to pay for goods a

Balance Protection

Balance Protection What is 'Balance Protection ' The optional coverage on an existing credit card account. Typically, the fee for the balance protection is a specified percentage of the b

Quasi-Reorganization

Quasi-Reorganization What is 'Quasi-Reorganization' A relatively obscure provision under U.S. GAAP which provides that under certain circumstances, a firm may eliminate a deficit in its re

Warm Card

Warm Card What is 'Warm Card' A type of ATM card that allows the bearer restricted access to a business account. Most frequently, the card allows for making deposits to the account but not

General Ledger

DefinitionA general ledger contains all the accounts for recording transactions relating to a company's assets, liabilities, owners' equity, revenue, and expenses. In modern accounting softw

Dangling Debit

Dangling Debit What is 'Dangling Debit' A debit entry with no offsetting credit entry. Dangling debit occurs when a company purchases goodwill or services to create a debit. When adding th

Underapplied Overhead

Underapplied Overhead What is 'Underapplied Overhead' An accounting record in cost accounting where the overhead costs assigned for a work-in-progress product does not reach the amount of

Unappropriated Retained Earnings

Unappropriated Retained Earnings What are 'Unappropriated Retained Earnings' Unappropriated retained earnings consist of any portion of company earnings that are not classified as appropri

T-Account

T-Account What is a 'T-Account' A T-account is an informal term for a set of financial records that use double-entry bookkeeping. The term T-account describes the appearance of the bookkee