Tag: system

What are National Insurance Contributions (NIC)? National Insurance contributions (NIC) are payments made by employees and employers into the National Insurance scheme. The money is...

What is 'Off-Premise Banking' Any bank location other than its main location that provides banking services of any kind that don't require...

What is 'Office Of The Superintendent Of Financial Institutions - OSFI' An independent agency responsible for the regulation of banks, insurance companies,...

What is 'National Social Security Fund (China)' A government-controlled investment fund established primarily to provide a reserve of funds for China's social...

What is a 'National Market System - NMS' A national market system (NMS) is a system with two main functions: ...

What is the old economy The old economy is an economic system that is based on traditional industries such as manufacturing and agriculture. This system...

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

Definition An offering memorandum or offering circular is a type of prospectus for a bond or other security. Sometimes, this is also referred to as...

What is 'One-Cancel-All Order (OCA)' A One-Cancel-All (OCA) order is a type of options order that gives the trader the ability to place multiple options...

DefinitionIn management accounting or managerial accounting, managers use the provisions of accounting information in order to better inform themselves before they decide matters within...