AdvancesFunds received for items or solutions before the distribution associated with products or services. Typically, the funds should be returned in the event that deal is canceled or if the recipient of this advance doesn’t supply the items or solutions. See progress payments.
Negative opinionAn opinion page associated audited monetary statements where the CPA reports that the monetary statements try not to fairly provide the budget or the link between operations in conformity with GAAP.
AffiliateA company company that shares some element of typical ownership or control with another company company.
Affinity cardA card this is certainly provided jointly by two organizations. One is credit cards issuer as well as the other is a specialist relationship, unique interest team or any other company that is non-bank. As an example, Citibank and American Airlines sponsor the Citibank AAdvantage card.
Affirmative covenantA provision when you look at the loan provider’s documents that will require the debtor doing one thing as time goes on. As an example, a necessity for the debtor to provide annual audited statements that are financial the lender throughout the term regarding the loan.
Affordable growth rateThe maximum rate at which a company’s sales can develop without straining the ability associated with the company’s money or any other financial resources payday loans NC. This term is closely connected with a formula associated with same title.
AFMLSAsset Forfeiture and Money Laundering Section, U.S. Department of Justice.
After-acquired home clauseA provision in a bank’s documents, the objective of that is to increase the lender’s curiosity about the debtor’s home to home perhaps not owned by the debtor in the period of the deal but later acquired by the debtor.
AgenciesInformal name used to reference securities released by agencies for the united states of america federal government and also by U.S. federal government sponsored enterprises.
Agency fundA investment usually utilized to take into account assets held with a federal federal government as a representative for people, personal businesses or other governments, and/or other funds. The agency investment is also used to report the assets and liabilities of Internal income Code, Section 457, deferred settlement plans.
AgingA report or schedule of all of the outstanding records payable or records receivable that lists all account debtors or creditors by title, shows the amount that is total to each debtor, and shows exactly how much regarding the quantity as a result of each debtor is born within certain cycles.
AHPAn acronym for affordable housing system.
AICPASee American Institute of Certified Public Accountants.a.k.a.Initials for “also understood as”. A designation utilized to denote a alternative title for an individual, business or company.
ALCOSee asset/liability administration committee.
ALLLAn acronym for allowance for loan and lease losses.
AllongeA paper attached with negotiable instruments for signatures if you haven’t room enough in the instruments on their own for the signatures.
Allowance for depreciationSee accumulated depreciation.
Allowance for doubtful accountsA book for records receivable that will not be collectable. The allowance is often shown being a decrease from gross receivables used to calculate net receivables. A typical example of a contra-asset account.
AllowancesReductions to product sales that happen when clients get credit that is partial offered items that the client just isn’t pleased with. An accounting term often utilized along with returns.
ALMSee asset/liability administration.
ALT-AA category utilized to explain residential home mortgages that are thought become somewhat less high-risk than “subprime” loans. The mortgage framework and/or the debtor’s credit history are generally much better than ab muscles worst loans but are nevertheless risky. Typical in elements of america through the 2000-2007 growth.
Alternate minimum tax (AMT)A federal income tax put on people and corporations that benefit from tax advantages in amounts which are big in accordance with their incomes. Investors subject to AMT lose some great benefits of the taxation exemption for interest compensated on otherwise tax-exempt securities.
AMASee Advanced Measurement Approaches.
AmendmentA revision to a document. A UCC funding declaration may be amended by filing a designated amendment form, frequently UCC-3.
Us depository receipt (ADR)Trust receipts add up to a certain quantity of stocks of business stock issued in a foreign nation. ADRs are offered and traded in the usa.
United states Institute of Certified Public Accountants (AICPA)The association that is national represents certified general public accountants in operation and industry, general public practice, federal government, and training.