Tag: debit

There are many misconceptions about banking, particularly in an online environment, which have been proven to be untrue time and time again. But what...

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

What is 'Offline Debit Card' A card that combines characteristics of both a traditional (online) debit card and a credit card, allowing...

Balance Protection What is 'Balance Protection ' The optional coverage on an existing credit card account. Typically, the fee for the...

What is quasi-reorganization and what are the benefits for businesses A quasi-reorganization is a type of financial restructuring in which a company makes minor changes...

What is 'Warm Card' A type of ATM card that allows the bearer restricted access to a business account. Most frequently, the...

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...

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

What are unappropriated retained earnings Unappropriated retained earnings are the portion of a business's profits that have not been allocated to specific expenses. This money...

What is a T-account A T-account is a visual representation of the ledger of a business or individual. It is so named because it looks...