Category: Finance & Investment Terms

1.  in general:  any record of transactions and their effect on charge or open account balances during a specified.
2.  Banking:  summary of all checks paid deposits received and resulting balances during a defined period. Also called a bank statement
3.  Securities:  statement summarizing all transactions and showing the status of an account with a broker-dealer firm including long and short positions such statements must be issued quarterly what are generally provided monthly when accounts are active 

ratio obtained by dividing total credit sales by accounts receivable the ratio indicates how many times the receivables portfolio has been collected during the accounting period

 short-term financing whereby accounts receivable serve as collateral for working capital advances

accounts receivable money owed to a business for merchandise or Services sold on open account a key factor in analyzing a company’s liquidity its ability to meet current obligations without additional revenues

amounts owing on open account to creditors for goods and services analysts look at the relationship of accounts payable to purchases for indications of sound day-to-day financial management

 the process of adjusting the balance in your checkbook to match your bank statement your checkbook balance plus outstanding checks less Bank charges plus interest if any should equal the balance shown on your bank statement 

net of debits and credits at the end of a reporting period. Term applies to a variety of account relationships such as with banks credit card companies brokerage firms and stores and two classifications of transactions in bookkeeping systems the same account maybe asset account balance or a liability account balance depending on which side of the transaction you are on for example your bank balance is an asset account to you and a liability account to the bank your credit card debit balance is a liability account to you and an asset account accounts receivable to the credit card company 

 statement signed by an independent public accountant describing the scope of the examination of an organization’s books and Records because financial reporting involves considerable discretion that contents opinion is an important Assurance to the lender or investor depending on the scope of an audit and the Auditors confidence in the veracity of the information the opinion can be unqualified or to some degree qualify qualify to opinions do not necessarily negative warrant investigation also called Auditor’s certificate

1.  in general:
   1.  contractual relationship between a buyer and a seller under which payment is made at a later time the term open account or charge account is used depending on whether the relationship is commercial or personal also a historical record of transactions under the contract as periodical shown on the statement of account
      1.  Banking:  relationship under a particular name usually evidenced by a deposit against which withdrawals can be made among them are Demand Time custodial joint trustee corporate special and regular accounts administrative responsibility is handled by an account officer
      2.  bookkeeping: assets liabilities income and expenses are represented by individual Ledger pages to which debit and credit entries are chronologically posted to record changes in value examples are cash accounts receivable occurred interest sales and officers salaries the system of recording verifying and Reporting such information is called accounting practitioners of accounting are called accountants
      3.  investment banking:  Financial on contractual relationship between parties to underwriting Syndicate or the status of Securities owned and sold
      4.  Securities:  relationship between a broker-dealer firm and its client we’re in The Firm through its registered Representatives act as agent in buying and selling securities and sees two related administrative manners 

Federal Reserve policy to increase the amount of money available for Lending by Banks when the FED implements an accommodative policy it is known as easing the money supply during a. Period of easing interest rates fall making it more attractive for borrowers to borrow their by stimulating the economy the FED will initiate an accommodative policy when interest rates are high the economy is weak and there is little fear of an outbreak of inflation once interest rates have been lowered enough to stimulate the economy the FED may become concerned about inflation again and switch to a tight monetary policy