DECEASED ACCOUNT
A bank account, such as a savings or checking account, owned by a deceased person. When a bank receives notice that a customer has died, it will freeze his or her account while waiting for direction from the authorized court regarding payment to heirs and creditors. Bank personnel are typically restricted from providing much practical advice to heirs regarding how to handle the affairs of a deceased customer's account. It is advisable to obtain legal assistance or contact the appropriate court for direction regarding these types of issues.
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Conditionality
Requirements placed on using or distributing money, most frequently associated with aid money, which is lent to another country. Countries or inter ...
Mortgage Cash Flow Obligation - MCFO
A pay-through unsecured general obligation bond with many classifications. It combines the cash flow from a pool of mortgages and the revenue from ...
Back Of The Napkin Business Model
A casual word that pertains to the illustration of the fundamental parts of a business model except for any fine details. It include only the prima ...
KPW
The currency abbreviation for North Korean Won, currency of North Korea. It is divided by 100 chon and presented with the symbol W. The term &ldquo ...
SEC Form 24F-2
SEC Form 24F-2 is also referred to as the Annual Notice of Securities Sold. This means that SEC Form 24F-2 is a filing that must be annually submit ...
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| 07:00 | Leading Indicators | Jan | |
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