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What is the accounting term for monies that represent servicesproduct delivered but not yet invoiced?
Accounts receivable / Cash. When it's invoiced it will take money out of cash and into the product or service account.
What does redepcheck rck mean on an account?
Redepcheck RCK is a term that is commonly seen on many business banking statements. This stands for redeposit check or redepositing of check entry and this occurs when the check bounced the first time.
What is the term for money kept in a checking account?
A checking account is called a "demand deposit" because it is available for transfer to another individual or company by writing a check or draft.
Are installment account receivables a current asset or liability?
Account receivables are always assets. It's money that is owed to you by another. The length of time in which that money is expected to be collected determines whether it's a current asset or long term asset.
What does the term asset acceptance mean?
Asset Acceptance is one of the main ways that companies make up for their loans. This means that a company will take a person's assets as collateral over money.
What is the term for a type of account that earns interest as money is deposited?
money
What does Vautma stand for?
It is the term used for a Custodial Account - the kind of account that most parents would get as a "money market" savings account for their child. I'm not sure what the letters actually stand for, but that's what it means.
What technical word starts with the letter O?
Overdrawn is a technical banking term. It means that you do not have enough money in your checking account to cover your check.
What is the term for the amount of money you have in your account?
The amount of money available in an account is usually referred to as the "balance" of the account. The cash balance may be positive or negative.
What does the term factoring money mean?
The term 'factoring money' means selling debt one is owed to a company who take over responsibility for collecting that money. They earn a profit by paying less than the value of the money owed to you.
What is long term finance?
Long term finance simply means money that is set aside for achieving goals that may take a long period of time. An example of long term finance may be retirement savings.
What does considered mean?
The word 'consider' means to think about, to contemplate mentally, give attention to or take into account.
What does P O D R mean on a bank account?
PODR means preferred overdraft rate. (Santander have a current account of this type). This term is used when you have an overdraft on a current account at an agreed limit and pay a regular sum of money into the account (example, your monthly pay).
Is my money harder to access in a CD Account instead of a Money Market Account?
Yes, your money is typically harder to access in a CD (Certificate of Deposit) account compared to a Money Market account. CDs have a fixed term, such as 6 months or 1 year, during which you cannot withdraw your money without facing penalties. On the other hand, money market accounts allow for more flexibility and immediate access to your funds.
Is the amount of money in your checking account called your allowance?
No, the proper banking term is balance for an amount in a checking account.
What do you mean by term Address?
The term address means the physical location of something. In email, the term address means the name of the email account where you receive emails.
Can a bank freeze all your bank accounts after a repossession?
A bank can take the money you have held in its accounts if you owe it money. Even in a bankruptcy, you need to pull any money out of the banks you owe money to. NO, unless you give them permission to in the contract. I don't rem the term for it,its not vey common. That's why you have to actually READ the fine print in the contract you sign. Unless it is in the contract they can not do it..If they had a judgment that would be a different story. Then what they would have to do is, get a order of execution against the account then they would be able to take they money..actually the court officer would go and take its fee, and then take all the money from your account and freeze the account for 30 days....Bank levy....
