Agent / Agency Agreement: An agent is an independent person or legal entity that acts on behalf of another (the “principal”).
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- Accrued interest
Accrued interest applies mainly to convertible securities. Interest that has accumulated between the most recent payment and the sale of a bond or other fixed-income security. At the time of sale, the buyer pays the seller the bond's price plus "accrued interest," calculated by multiplying the coupon rate by the fraction of the coupon period that has elapsed since the last payment. (If a bondholder receives $40 in coupon payments per bond semiannually and sells the bond one-quarter of the way into the coupon period, the buyer pays the seller $10 as the latter's proportion of interest earned.)
- Accounts receivable turnover
Accounts receivable turnover is the ratio of net credit sales to average accounts receivable, which is a measure of how quickly customers pay their bills.
- Regulatory forbearance
Regulatory forbearance is the regulators’ refraining from exercising their right to put an insolvent bank out of business.
- Speculative risk
Speculative risk is, when there is probability of profit or loss,but results in a loss.
The time of clearing of a check which is given by debtor to cash is defined as Float.
- Internal capital growth rate
Internal capital growth rate is the rate of growth of net earnings that remain inside a bank rather than being paid out to its stockholders;
- Export trading companies (ETCs)
Export trading companies (ETCs) is the organizational devices to aid bank customers in selling their goods abroad, particularly the products .