LOAN LOSS PROVISION
An expense reserved for future losses on loan defaults. Banks assume a certain percentage of loans in the event of loan defaults. It is entered as an expense when computing pre-tax incomes. The loan loss provision guarantees the bank’s solvency and capitalization if and when defaults occur.
Also called valuation allowance or valuation reserve.
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Accumulation Area
A price where the investors purchase shares of a particular stock. It is usually determined by the looks of the volume and its price. Some analysts ...
SEC Form DEF13E3
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Transaction
1. Deal between a buyer and a seller to exchange a product, service, or financial instrument.
2. In accounting, an event or condition aff ...
IRS Publication 596
A document that gives information on the earned income credit (EIC) offered to individuals who earn below $51,567. To be eligible to receive EIC, a ...
Depository Trust Company Tracking - DTCT
A service, used by underwriting firms, that provides a method of tracking the exact path of purchases and sales of newly issued securities.
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