USANCE
Usance has three definitions. First, it is defined as the use of goods for purposes that are economic in nature. Second, it may be used as the charged interest on funds that are borrowed, derived from the word usury which is synonymous to exploitation. Last, it is the period of time allowed by custom that extends between the billing date and the payment date. In this sense, the usance of bill differs between countries that usually ranges from two weeks to two months.
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Highly Leveraged Transaction - HLT
HLT is a loan provided from a financial institution to a company that has a large debt amount already. The existing large amount of debt only means ...
Form 5
A document that must be filed with the Securities and Exchange Commission (SEC) by an insider who has conducted insider transactions during the yea ...
Countersignature
Additional signature from an official or professional on a document that has already been signed. Serving as confirmation or authentication, it is ...
Average Collection Period
The amount of time for a business to receive payments owed.
Primary Regulator
The state or federal agency with main supervisory responsibility for a financial institution. Banks and other financial institutions will have to f ...
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