INTERPRETIVE LETTER
A letter issued by banking regulators that interprets the banking law for a given issue or party, which becomes effective immediately upon issuance. The letters are the same with the IRS letter rulings that clarifies tax law application. Although these letters don’t have the force of law, technically speaking, banks keenly pay attention to interpretive letter for many reasons.
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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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What is the Standard Moving Cost?
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