Variable Expenses Costs of doing business that vary with the volume of business, such as advertising costs, manufacturing costs and bad debts.
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- Blank Endorsement
Blank Endorsement is an endorsement in blank specifies no endorsee and a bill so endorsed becomes payable to bearer and may be negotiated by delivery.
- Possessions Corporation
Possessions Corporation refers to a U.S. corporation, the subsidiary of another U.S. corporation, which for tax purposes is treated as if it were a foreign corporation.
- International Development Association (IDA)
The International Development Association was created in 1960 with country development objectives somewhat similar to those of the World Bank.
- Net interest margin
Net interest margin is the spread between the interest income and interest expense of a bank, divided by either its total assets or its total earning assets.
Acceptor is the person who accepts a Bill of Exchange drawn on him/her.
- Concentration banking
Concentration banking refers to collect the amount of check by the regional collection centre instead of the central office.
- Full-service interstate banking
Full-service interstate banking is the establishment of banks or bank