ASSIGNMENT OF ACCOUNTS RECEIVABLE
A lending agreement, usually long term, between a lending institution and a borrowing company whereby the borrower designates particular customers which owes money (accounts receivable) to the lending institution. In trade for the assignment of account receivable, the borrower acquires a cash advance for a portion of the account receivable. The borrower pays a service charge and interest on the advance.
POPULAR TERMS
Capital Commitment
Future capital payments that a firm has pledged to pay out on long-term assets over a particular time period. This also talks about the securities ...
Overwithholding
A term which refers to an excess amount of tax being withheld for an employee. It will be sent back as a refund to the taxpayer after he or she fil ...
Diluted Earnings Per Share - Diluted EPS
It is the measure of a company’s profits.
Covenant
Promise a firm made to an indenture or other formal debt agreement, stating some activities will or won’t be carried out. In finance, it freq ...
Gross Spread
Difference between the security price paid by the underwriter and the actual price charged to the public. The spread compensates the underwriters o ...
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| Time | Country | Indices | Period |
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| 03:45 | Markit Final Manufacturing PMI | Nov | |
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