IOU
An informal document that recognizes a debt owed. It is an abbreviation (in phonetic) of "I owe you". The debt is not necessarily a monetary value; it can also involve other items. Individuals who issue IOU are given free reign in constructing and issuing an IOU. Information such as time, date, interest, and payment type are not necessary but can be implied.
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Cross-Sell
Selling or recommending related or complementary goods to a prospect or client. In finance, it pertains to selling several types of investments to ...
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Individual on a firm’s board of directors acting and voting on the interests or on behalf of a non-board member. These are most commonly used ...
Comparable Transaction
Process of valuating a firm for sale. It takes into the account the previous sales of same companies, as well as the market value of publicly trade ...
Gambling Loss
Money lost from games of chance or wagers on events with unsure results (gambling). Such losses can only be claimed against gambling income, which ...
Essential Health Benefits
Set of benefit requirements that must be included in some health insurance plans. It is made up of 10 general benefit categories, which must be par ...
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Do you want to know if your current home can withstand any renovation? Consult the following professionals first for guidance.
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