Tag: practice
Naked Shorting
DefinitionIn finance, a short sale is the sale of an asset that the seller does not own. The seller effects such a sale by...
Same-Day Funds
What are same-day funds and what do they mean for businesses
When a business owner hears the term "same-day funds," they may think it refers...
Off-Balance-Sheet Financing
DefinitionOff-balance sheet, or Incognito Leverage, usually means an asset or debt or financing activity not on the company's balance sheet. Total return swaps are...
Off Balance Sheet (OBS)
What is an 'Off Balance Sheet - OBS' Off balance sheet (OBS) items refer to assets or liabilities that do not appear...
Joint Liability
Joint and Several Liability in Business
In most common law legal systems, two or more people can be jointly liable for a single liability. Joint...
James P. Mooney
What is 'James P. Mooney' A former chairman and CEO of OM Group. Born in 1947 in Ohio, Mooney began his career...
James R. Crosby
Who is James Crosby?
James Crosby is a retired British banker who served as the chief executive of HBOS from 2000 to 2006. Born in...
Canadian Institute Of Chartered Accountants (CICA)
What is 'Canadian Institute Of Chartered Accountants - CICA' A non-profit organization for accounting professionals in Canada. CICA has developed GAAP (generally...
Lapping Scheme
What is a 'Lapping Scheme' A lapping scheme is an accounting method that involves altering the accounts receivable section of the balance...
Same Property Rule
What is 'Same Property Rule' A regulation relating to IRA rollovers stipulating that whenever a financial asset is withdrawn from a retirement...