AVAILABLE BALANCE
Balances in on-demand or checking accounts where a delay in crediting the funds to an account occurs. Of a check deposit is still yet to be cleared by the issuing bank, the funds wouldn't be available to the account holder even if it is already displayed in stated total funds of the account.
The net effect is that the balance which is available to the account holder for transfer, withdrawal, or spending may differ from the account balance.
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Robert C. Merton
American economist who won the 1997 Nobel Memorial prize in Economic Sciences, along with Myron Scholes, for developing the Black-Sholes model, whi ...
Buy Stops Above
Recommendation to purchase a given security once a security’s price surpasses a particular resistance level by putting a buy stop order at th ...
Admitted Company
An insurance company admitted and allowed by an another state to transact insurance business despite having a domiciled status on an another state. ...
Black Box Model
Computer program, process, or system processing the information entered by the user using pre-programmed logic in order to produce the user’s ...
Form 3903
A form issued by the IRS and used by taxpayers to deduct moving expenses related to taking a new job.
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Digesting Financial Statements: Cash Flow
Companies generate money from borrowers and/or borrow money from creditors. Next, firms purchase assets and/or finance projects and programs. Then, ...
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