SETTLEMENT DATE ACCOUNTING
Settlement Date Accounting is an accounting method similar to trade date accounting. It is used by accountants and bookkeepers alike for recording transactions in the general ledger of a company after a given transaction has been settled. It is when the performance of both parties within a transaction has been satisfied. At the settlement, all interest related to any transaction is accrued under settlement date accounting.
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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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An Introduction to Insurance
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