BAD DEBT
A debt which was no longer collectible and as a result, has no worth to the creditor. This happens after all possible attempts are already made to collect the debt. Bad debt is often a product of the debtor falling into bankruptcy or where the added cost of pursuing the debt is larger than the amount that the creditor would collect. This kind of debt, considered to be bad, will be scribbled off by the company as a expense.
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Liquidity Adjustment Facility
A tool in monetary policy where banks are allowed to borrow money through repurchase agreements, and to respond to liquidity pressures. The governm ...
Data Warehousing
Electronic storage of information in a business or corporation. It should be secure, reliable and easy to retrieve and manage. It originated in 198 ...
One-Tailed Test
A statistical test where the critical area of a circulation is one-sided so that it is either less than or greater than a specific value, but not b ...
Less-than-Truckload
A shipping service that carries small loads of freight, weight between partial and full truckload. The service is being offered by many large and n ...
Original Cost
It simply refers to the total cost associated in buying an asset.
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