Industry WIKI

In accounting, book value (or carrying value) is the value of an asset according to its balance sheet account balance. For assets, the value is based on the original cost of the asset less any depreciation, amortization or impairment costs made against the asset. Traditionally, a company's book value is its total assets minus intangible assets and liabilities. However, in practice, depen

Cheque fraud (Commonwealth English) or check fraud (American English) is a category of criminal acts that involve the unlawful use of cheques to illegally acquire or (effectively) to borrow funds that do not exist within an account balance or account-holder's legal ownership. Most methods involve taking advantage of the float (the money made available by a bank for a time between the pre

Demand deposits or checkbook money are funds held in demand accounts in commercial banks. These account balances are usually considered money and form the greater part of the narrowly defined money supply of a country. Simply put, these are deposits in the bank that can be withdrawn on demand, without any prior notice.

A fee is the price one pays as remuneration for rights or services. Fees usually allow for overhead, wages, costs, and markup. Traditionally, professionals in the United Kingdom (and previously the Republic of Ireland) receive a fee in contradistinction to a payment, salary, or wage, and often use guineas rather than pounds as units of account. Under the feudal system, a Knight's fee was

Lombard credit (or lombard loan) is a form of short-term secured lending, characterized by loans against movable collateral, today mostly in the form of account balances, securities or life insurance policies. The lombard rate is a central bank lending rate charged to commercial banks for short-term loans with securities pledged as collateral.