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(finance) An institution that contracts with the bank and the merchant to enable credit card transactions. The acquirer deposits the credit card totals and debits the end-of-month processing fees from the merchants' accounts.
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The value of an asset as reflected on an entity's accounting books, without accounting for appreciation or depreciation.
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(finance) The amount over par value an issuer must pay to redeem a callable bond on a call date.
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(economics) The interest rate on a call loan
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(accounting) An account in the net worth section of the balance sheet of an entity such as sole proprietorships and partnerships. In this context, the "capital account" (or, in cases of more than one owner, the "sum of all individual capital accounts") is the residual difference between total assets minus total liabilities, or the "net worth" of the entity. The term should not be confused with similar terms such as "working capital," "capital asset," "capital expenditure," and "capital lease."
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(economics) Money flowing out of the banking system to be held as currency rather than being deposited into some form of financial institution.
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(finance) A type of CDO (collateralized debt obligation) that invests in other CDOs.
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A document evidencing ownership or debt.
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(finance) a type of asset-backed security and structured credit product constructed from a portfolio of fund assets.
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(banking, economics) Credit extended to an individual for the purchase of consumer goods and services.
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(science fiction) A unit of currency used in a fictional universe or timeframe.
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(banking, finance) The amount of money in an account held by a financial institution.
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data collection agency that gathers account information from various creditors and provides that information to responsible agencies
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(finance) A credit derivative contract between two counterparties, whereby the buyer (seller of risk) makes periodic payments to the seller (buyer of risk) in exchange for the right to a payoff if there is a default or other credit event in respect of a third party called reference entity.
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(finance, banking) A financial agreement under which a creditor agrees to make an amount of credit available to a borrower, which may be borrowed on demand (a line of credit) or once certain conditions have been met.
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(finance) A record of a borrower's responsible repayment of debts.
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(finance, banking) The maximum amount of credit that a financial institution or other lender will extend to a debtor for a particular line of credit.
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(finance, banking) A line of credit.
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(banking, finance) Monetary value which is created as a result of a future obligation or claim by the issuer of the credit.
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(finance) An estimate, based on a company, government or person's history of borrowing and repayment or available financial resources, that is used by creditors to determine the maximum amount of credit that can be extended without undue risk.
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A person or business that can be contacted to validate or vouch for the credit applicant's ability to pay outstanding balances in a timely manner.
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(finance) A document of the history and current status of a borrower's credit standing, and may include identifying information, credit information, public records information, recent inquiries and credit score.
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(finance) A measure of credit risk, usually for a consumer, calculated from credit information using a standardized formula.
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(India, finance) The proportion of loan-assets created by banks from the deposits received.
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(finance) A form of funded credit derivative, structured as a security with an embedded credit default swap allowing the issuer to transfer a specific credit risk to credit investors. The issuer is not obligated to repay the debt if a specified event occurs, which eliminates a third-party insurance provider.
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(macroeconomics) A theory that the quantity of credit is a more important financial indicator for central banks to use to govern the economy than the money supply or interest rates.
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(accounting) A liability or financial obligation which will come due in the near-term (often within one year).
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(finance) Current assets divided by current liabilities; a measure of a company's ability to cover its current or short-term financial obligations.
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A sum of money taken out of a bank account. Thus called, because in bank's bookkeeping a cash withdrawal diminishes the amount of money held on the account, i.e. bank's debt to the customer.
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(banking, finance) The amount of money owed to a particular creditor.
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(finance) The payment in cash of a note, draft, etc.
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(finance) The difference between the value of a loan and the value of its collateral.
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(business) A form of creative accounting practiced by the entertainment industry that reduces reported profit in order to reduce owed royalties and taxes.
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(finance) The percentage of an amount of money charged for its use per some period of time (often a year).
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(finance, banking) A credit facility under which a bank or other lender agrees to provide a client with loans of money up to an approved limit during a predefined period. The client may borrow the entire credit amount all at once or in portions during the specified period.
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(Internet) An informal means of funding a project by asking a large number of people to make small individual donations.
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Synonym of promissory note
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(finance) A nominal amount of a financial instrument that is used to calculate payments made on that instrument, especially for instruments that do not have a well-defined face value or par value.
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(finance) Credit extended to a person because they show by bills, promissory notes, etc. that money is owed to them.
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The amount or value listed on a bill, note, stamp, etc.; the stated value or amount.
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(finance, economics) The value of future cash flows determined as of the date of valuation.
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(finance) A document saying that someone owes a specific amount of money to someone else, often with the deadline and interest fees; the primary purposes of a promissory note are to evidence the debt obligation incurred, and to establish terms for payment thereof.
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Any form of credit that does not have a fixed number of payments.
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(US, law) A lawsuit brought on behalf of a corporation by a shareholder in that corporation, against a third party usually an insider of the corporation, such as an executive officer or director.
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(finance) In international trade agreements, an allowance of credit covering the situation where the trade in one direction is less than in the other, e.g. more imports than exports.
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(accounting) Date and the action itself on which payments are credited or debited to the customer's imagined but legally real account, as opposed to the date a balance is made visible (posting date, entry date) which is when crediting of other funds takes place and which is usually the available sum, is the line of credit; interest payments are made from the value date onwards.
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