Effective rate of interest is the percentage rate of return on an annual basis, reflecting the effect of intra-year compounding.
More from this Section
- Justice Department Merger Guidelines
Justice Department Merger Guidelines is the standards for evaluating the impact of a proposed merger on the concentration of assets or
- Wholesale Bank
Bank that provides services to large corporation is called wholesale bank, and the function of these banks is called whole sale banking.
- Loan option
Loan option is a device to lock in the amount and cost of borrowing for a designated time period by allowing a customer to borrow at a
- Worlwide approach tax structure
Worlwide approach tax structure— this approach to tax structure levies taxes on the income earned by firms that are incorporated in the host country ...
- Tax Avoidance
Tax Avoidance is lawful agreement or re-arrangement of the affairs of an individual or company intended to avoid liability to tax
- European Economic Community (EEC)
European Economic Community (EEC) is the European common market composed of Belgium, Denmark, France, Germany, Greece, Ireland, Italy, Luxembourg ...
- FAS #52
FAS #52 is a regulation of the Financial Accounting Standards Board requiring U.S. companies to translate foreign affiliate financial statements by the ...