Tag: payment
Zakat
What is 'Zakat' A term used in Islamic finance to refer to the obligation that an individual has to donate a certain...
FDIC Problem Bank List
DefinitionIn American finance, the FDIC problem bank list is a confidential list created and maintained by the Federal Deposit Insurance Corporation which lists banks...
T+1 (T+2,T+3)
What is 'T+1 (T+2,T+3)' Abbreviations that refer to the settlement date of security transactions. The T stands for transaction date, which is...
A-Credit
What is 'A-Credit' The highest credit grade available as assigned to a borrower by a lender. Lenders use a credit grading system...
W-9 Form
DefinitionForm W-9 is used in the United States income tax system by a third party who must file an information return with the Internal...
OTC
Over-the-counter (OTC) refers to the process of how securities are traded for companies not listed on a formal exchange. Securities that are traded...
W-2 Form
What is the 'W-2 Form'
The W-2 form is the form that an employer must send to an employee and the Internal Revenue Service (IRS)...
Face Value
What is 'Face Value' Face value is the nominal value or dollar value of a security stated by the issuer. For stocks,...