Tag: transaction
General Ledger
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...
Tax Arbitrage
What is 'Tax Arbitrage' The practice of profiting from differences between the way transactions are treated for tax purposes. The complexity of...
Days To Cover
What is 'Days To Cover' Days to cover is a measurement of a company's issued shares that are currently shorted, expressed as...
Underlying Profit
What is an 'Underlying Profit' An underlying profit describes an actual reflection of a company's profit. The underlying profit is not the...
UCC-1 Statement
What is 'UCC-1 Statement' One of the standard mortgage documents listed in the Uniform Commercial Code. The UCC-1 Statement lists and describes...
Offset
What does 'Offset' mean An offset involves assuming an opposite position in regards to the original opening position. Additionally, to offset is...
Vendor Take-Back Mortgage
Home Ownership by Country Vendor Take-Back Mortgage What is a 'Vendor Take-Back Mortgage' A vendor take-back mortgage is a type of mortgage...
Lease Balance
What is 'Lease Balance' The amount of money that a customer owes under the terms of a vehicle lease contract. The lease...
Lapping Scheme
What is a 'Lapping Scheme' A lapping scheme is an accounting method that involves altering the accounts receivable section of the balance...
eCash
DefinitionEcash was conceived by David Chaum as an anonymous cryptographic electronic money or electronic cash system in 1983. It was realized through his corporation...