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At Call
The transaction that occurs in a call money market.
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At Sight
A term used in a bill of exchange or other negotiable instruments which states that the instrument is due for payment upon presentation or on demand.
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Attached Ledger
A ledger maintained for recording details of attached accounts.
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Automated Clearinghouse
It is a computerized facility operated by member depository institutions to process payment orders in a machine-readable form.
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Automated Teller Machine
A machine used for processing transactions such as accept deposits, allow withdrawals, facilitate transfer of funds between accounts, accept instructions to pay third parties in a transaction between a depository institution and its customers.
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Automatic Stabilizer
It is a tool of economics and finance that is used to compensate for the shifts in the business cycle without any involvement of government.
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Average
It means buying or selling of more shares, items or others with the intention of getting a better average price.
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At or Better
In case of sale, the jargon signifies selling at the given price or at a higher price. In case of purchase order, the jargon indicates buying at the specified price or at a lower price.
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Attached Account
It is an account freezed by a court order and payment from such account can be made only with the consent of the court.
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Availability Date
It is that date on which cheques payable at out-of-town banks are considered to be collected and available for withdrawal by customers.
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Award
It signifies acceptance of a bid or assigning a project on the basis of offer made. It also means accepting a competitive bid by a borrower for a security issue in the form of notification to the high-bidder investment banker or syndicate.
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AY
The abbreviation stands for Annual Yield.
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A1
It means the highest class rating.
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AAD
The abbreviation stands for "At a discount."
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AB
It is the abbreviation of "Bond Adjustment."
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Absolute Title
It is a title to which no conditions are attached.
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Acceptance Liability Ledger
A ledger containing the list of bills accepted for each customer of bank in form of an account that contains his name, address, date, line, credit number, acceptance number, bill amount, total amount accepted or expired, expiration date and payment date.
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Account Day
A day identified by stock exchanges and commodity exchanges to settle the account between members.
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Accrued Dividend
Dividend earned but not declared or payable.
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Accrued Income
Income which is earned but not received.
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Accrued Interest
Accumulated interest on a bond after the last payment of interest.
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Active Trade Balance
Favorable balance of trade.
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Ad Valerom
According to value and not as per weight or quantity.
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Ad Valorem Taxes
Taxes on real estates that are determined as per the value of the property.
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Adjunct Account
It is an account which adds to another existing account, represented by transfers from another account.
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Adjustable Peg
A system that permits changes to be made in the par rate of foreign exchange after a country has had long-run disequilibrium in its balance of payments.
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Adjuster
One who seeks to find an appropriate solution to customer s complaint regarding service or accuracy is known as an adjuster.
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Advice Book
A statement of advises received and disbursed.
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Advices
Several types of forms used in the banking sector.
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After Sight
A term frequently used in a bill of exchange for determining the due date of payment of bill.
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Aggregate Demand
It is the total of personal consumption expenditures, business investments, and government spending.
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Aggressive Growth Fund
It represents the mutual fund with investment objective of capital appreciation.
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Agio
The sum given above a nominal value, for the exchange of currency of one nation with that of another nation. It also means rate of exchange among different countries.
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Accumulated Dividend
A dividend not paid when due, it being a liability of the business until paid.
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Accumulated Earnings Tax
A tax levied on accumulated earnings of the business which are beyond its requirement.
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Advance Bill
A bill of exchange drawn prior to the shipment of goods.
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Aggregate Supply
It refers to the capacity of a country s total resources to produce real goods and services.
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Allonge
A paper affixed to a bill for further endorsements
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Alternate Depositors
They are the holders of a joint account which is payable to either or to the survivor.
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Amortization Reserve
An account shown in the balance sheet which records the net accumulated provisions for the extinguishment of an asset at the end of specified period.
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Annual Balanced Budget
It a concept which states that total revenues and expenditures in a government s budget should be balanced or brought into equality each year.
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Annual Percentage Rate
It is the cost of credit on a yearly basis expressed as a percentage.
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Annual Wage
A minimum income guaranteed for total number of hours of employment during a year.
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Annual Yield
The percentage of return or income in form of dividends/ interest which an investment yields each year.
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Annuitant
The person to whom an annuity is payable.
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Annuity, Life
An annuity payable to the annuitant throughout his lifetime.
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Annuity, Retirement
A deferred annuity for which the premiums, less loading are accumulated at interest and are used to purchase an annuity at a specified age.
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Appropriation Ledger
A subsidiary ledger that contains an account of each appropriation. Appropriation is setting aside of a sum of money for paying certain known or anticipated expenditures.
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Arbitrage
The purchase and sale of identical item in different markets with the intention to make profit.
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As per Advice
These are words found on a bill of exchange indicating that the drawee has been informed that the bill has been drawn on him/ her.
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Asset Currency
Bank notes which are secured by the general assets and not any particular assets of the issuing bank.
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Assimilation
It means the completed distribution of new shares or securities to the public by the underwriters of the issue and syndicate members.
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Associated Banks
Banks which are associated through membership in a clearinghouse association are called associated banks.
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Assurance
A payment of a stated sum at a given time on payment of a premium at regular intervals by those assured/ concerned.
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Accession Rates
It refers to an average number of persons added to a payroll in a specified period of time per 100 employees.
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Amortized Value
It denotes the investment value of a security which is determined by the process of amortization.
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Arrival Draft
A draft which accompanies shipping documents and is payable only on arrival of goods as described in the shipping documents.
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Asked Price
Price which is officially offered in a sale. It also means that price at which a stock is offered for sale.
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Absolute Advantage
It signifies an advantage of one area over another in respect of costs of manufacturing an item in terms of used resources.
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Acceleration Clause
A statement which states that in the event of default of any of its covenants, the debt must be paid in total.
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Accounting Rate of Return
It is a ratio derived by dividing income for a period by the average investment that has occurred during that period.
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Accrued Depreciation
Depreciation occurred during a specified period of time.
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Adverse Claim
A claim made by a person other than the owner.
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Agency
The term describes certain types of accounts in trust institutions.
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Aggregate Corporation
A venture incorporated by more than one stockholder.
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Annuity Table
A table containing list of the present values of Re.1.00 per year or per month payable for life, or for specified number of years at specified ages for each sex which is computed on the basis of assumed rates of mortality and interest.
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Assented Securities
Securities whose owners have agreed to permit changes to be made in the status of those securities
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Alien Company
A company which is formed and operates under regulations of a foreign country.
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Alternate Account
An account opened in the name of two or more persons, any of whom may withdraw from such account without further authority from others.
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Anticipation
Making charges against an income or profit before such gain is actually realized ; Settlement of an account before the actual due date and thus permitting a discount.
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As Earned
The term describes the basis of income of a customer who is not paid on a regular basis-that is business-for-self.
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Assessable Stock
Security which is subjected to an assessment order because of corporation s reorganization or insolvency.
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