Tag: procedures
Oil Pollution Act Of 1990
Definition
The Oil Pollution Act of 1990 was passed by the 101st United States Congress and signed by President George H. W. Bush. It works...
Manual Execution
What is 'Manual Execution' A method of trading with the help of a dealer or broker, versus trading automatically. Manual executions tend...
Real Estate Settlement Procedures Act (RESPA)
What is 'Real Estate Settlement Procedures Act - RESPA' This act was designed to protect potential homeowners and enable them to become...
Backtesting
DefinitionBacktesting is a term used in modeling to refer to testing a predictive model on historical data. Backtesting is a type of retrodiction, and...
Fair Credit Billing Act (FCBA)
What is the 'Fair Credit Billing Act - FCBA' A federal law designed to protect consumers from unfair credit billing practices. The...
Fixed Assets
What are Fixed Assets
Fixed assets are physical or tangible assets that are long-term in nature and are not expected to be converted into cash...
Featherbedding
DefinitionFeatherbedding is the practice of hiring more workers than are needed to perform a given job, or to adopt work procedures which appear pointless,...
Generally Accepted Principles And Practices (GAPP)
What is 'Generally Accepted Principles And Practices - GAPP' Standardized business procedures related to the operation of sovereign wealth funds (SWFs). The...
Generally Accepted Accounting Principles (GAAP)
What are 'Generally Accepted Accounting Principles - GAAP' Generally accepted accounting principles (GAAP) are a common set of accounting principles, standards and...
Tax Equity And Fiscal Responsibility Act Of 1982 (TEFRA)
What is 'Tax Equity And Fiscal Responsibility Act Of 1982 - TEFRA' Federal tax legislation passed in 1982 that modified some aspects...