ALLOWANCE FOR BAD DEBT
This is also called as the "loan-loss reserve."
This is the valuation of an account that is used to estimate a part of loan portfolio of the bank that will be uncollectible. In a scenario wherein a loan was unpaid, the asset will then be removed from the records or books and the allowance for bad debt will be used to pay for the book value of the unpaid loan.
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Fujio Cho
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HAM
A now-defunct exchange which was located in Hamburg, Germany. HAM traded bonds, stocks, and other securities.
Gift Tax
Federal tax applicable to an individual who gives any item of value to another individual. In order for an item to be considered a gift, the recipi ...
Operating Cash Flow - OCF
OCF is important because it shows if a company is able to generate enough positive cash flow in order to maintain its operations. I is calculated t ...
Export Incentives
Legal, monetary, or tax incentives designed to attract businesses to export some types of goods or services. The government gives export subsidy to ...
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