["The supplier also helps the buyer reduce costs and improve product and process designs.","Being answerable for, but not necessarily personally charged with, doing specific work.","Initial Public Offering refers to the first public offer of common stock of a particular company.","Conformance to requirements or fitness for use.","Software of a computer system that is responsible for the management and coordination of all activities and the sharing of computer resources.","This is a combination of accepted methods of doing accounting and authoritative standards set by policy boards.","Accounting uses a lot of abbreviations.","The recognition of funds committed before the actual disbursement.","Also, for tax purposes, an excess of basis over the amount realized in a transaction.","Return on Assets, also referred to as Return on Investments, is an indicator as to how efficient a business is when using assets to generate earnings.","ETA is an acronym that stands for estimated time of arrival.","Medicare reimbursement rates for an area to account for geographic differences in wages paid to health care workers.","It refers to areas of responsibility, spatial, functional, organizational or allocation factors.","Budgets show the types, number of, and cost of resources that activities are expected to consume based on forecasted workloads.","University fund groups participate, including current funds earmarked to meet payrolls, operating exprenses, and construction at all campuses and teaching hospitals of the University.","Customs document permitting the holder to carry or send special categories of goods temporarily into certain foreign countries without paying duties or posting bonds.","Instruments employed in making payments between countries.","Used to determine the depreciation costs for both tangible and intangible assets.","Common Object Request Broker Architecture.","PIA means that you require payment to be made in full before goods or services will be delivered.","County Court Judgments have been registered against them in the past six years.","The emphasis should be on capturing all costs.","Generally, there are significant penalties for early withdrawal.","Property that is expended or consumed in use.","The term does not include money paid as a donation, gratuity, or tip to the establishment.","All outstanding debts owed by the company.","An entity that offers transportation of people or goods to the public for pay.","You can click the Cancel button now to return to the previous page, or you can close the new window after you leave.","Writing a check in an amount that will overdraw the account but making up the deficiency by depositing another check on another bank.","Customs, and ensures that the documentation accompanying a shipment is complete and accurate.","Funding Bank is a member and through which a payment order by a bank may be transmitted.","The page was successfully unpublished.","Outsourcing enables a company to put their resources into their core tasks.","An item can also consist of multiple parts integral to the operation of a system.","These links provide access to relevant staff, charges and schedules.","An identifier assigned to a container by a carrier.","Capital Asset Strategies and Finance Department, the Office of Loan Programs is responsible for the design, delivery and management of housing assistance programs for recruitment and retention of faculty and senior managers.","This exists when a properly designed control does not operate as designed, or when the person performing the control does not possess the necessary authority or qualifications to perform the control effectively.","Assigned at budget group or account level by accountants in Accounting and Financial Management.","Default accounts and passwords are published and well known, and therefore easily guessed.","In cost accounting, an approach to group activity costs at the level of an organization where they are incurred, or can be directly related to.","For the customer, there is a slight disadvantage as the chance of making unwise purchases is greater because the payment is deferred until the product is actually delivered.","Memoranda prepared by the Office of the President at The University of Texas at Austin.","He is passionate about keeping and making things simple and easy.","Person who evaluates and interprets public company financial statements.","Deferred income is reflected as a liability.","An individual or institution responsible for acting in the best interests of another party.","Term used to describe the agreement that the debtor will make reduced payments to its creditor without the assistance of a third party.","SEPA payments being used to make transfers across the majority of Europe.","Really makes things clear and simple.","In EDI, the exchange of electronic information between companies.","Within that definition, the Federal Reserve clearly views interest rate risk as just one component of market risk.","The storage of goods by a firm that offers storage service for a fee to the public.","There is no charge for the Zero Liability Protection program and it is automatically available on all Bank of America consumer credit cards, debit cards, and Home Equity line of credit access cards.","This is an introduction to what supplier diversity is, and the why and how of how to create and run a impactful supplier diversity program.","The date on which a loan or installment payment is due.","The date on which interest for a new security issue begins accruing.","For large invoices, ask for a staged payment in advance to spread risk.","Outpartnering is characterized by close working relationships between buyers and suppliers, high levels of trust, mutual respect, and emphasis on joint problem solving and cooperation.","If you own a car, you may be familiar with this term.","CURRENT ASSETS, or the creation of other current liabilities.","Includes but is not limited to coverage for all obligations and liabilities incurred by a service contract provider, mechanical breakdown insurance and service contracts written by insurers.","This is the status indicating a refunded transaction has been processed successfully.","Payments may be made periodically or in a lump sum, and they may require a payment request from the University.","Get the big players in the fold first, offering equity if necessary.","Any goods being transported, regardless of the mode of transport.","All trademarks referenced here are the property of the respective owners.","It means the timeline for payment starts from the time you place the order, not the time the goods are shipped or received.","CLS Bank International; a financial institution dedicated to settling foreign exchange trades.","Typically, this could be cash, inventory or accounts receivable.","When reviewing government issued financial reports, it is important to keep this practice in mind.","Bidders underbid each other and the lowest bidder is awarded the contract in an auction.","The location where consolidation takes place.","In cost accounting, the best single quantitative measure of the frequency and intensity of demands placed on a resource by other resources, activities, or cost objects.","Communication standards that determine message content and format, enabling uniformity of transmissions.","Party that loans money or other assets to another party.","The more steps in the sequence, the greater the vertical integration.","COO must be stamped by a chamber of commerce.","Also called Critical Care Unit.","Whether you purchase in store, online, or over the phone, your identity and checking account information are safeguarded from unwarranted or unlawful use.","Services to pregnant women designed to ensure that both the expectant mother and the newborn are in the best health.","However, if the invoice uses ARO terms, the time allowed for you to pay in good standing will start on the Tuesday you placed your order rather than the Wednesday the goods were shipped or the Friday you received it.","Taking the time to get to know what each section involves can help you achieve more quickly.","The term does not include a tip, a gratuity, or a mandatory service charge paid or imposed in conjunction with a meal.","Accepting cash payments is an option for small businesses dealing with the public but most business to business invoices cannot be paid with cash.","It is calculated by subtracting the Cost of Goods Sold from Revenue for the same period.","The inland transport service which is offered by the carrier under the terms and conditions of the tariff and of the relative transport document.","This is an access account that provides for the advance of cash, merchandise, or other commodity, in the present, in exchange for a promise to pay a definite sum at a future date, usually with interest.","This guide includes definitions, alternative word uses, explanations of related terms, and the importance of particular words or concepts to the accounting profession as a whole.","Do you want to proceed?","An infection that occurs after surgery in the part of the body where the surgery took place.","Indicators of the work performed and the results achieved in an activity, process, or organizational unit.","Tokens can be passed electronically without exposing actual customer account data.","Accountants use a general ledger to record financial transactions and data for companies.","Tangible property held for sale, or materials used in a production process to make a product.","Forecasting is the process of making predictions based on past and present data.","Multiple batches may be settled throughout the day.","Reintegration of certain tasks, processes or entire company divisions that had been transferred to service providers or suppliers for external fulfillment.","The commonly used name for federal laws and regulations that ban physician referral to entities with which the physician has a financial relationship.","The purpose of the structure is to eliminate inefficiencies, facilitate rapid communication, to minimize inventory and to minimize delivery time throughout the structure.","There was an error.","An account holder is to be meticulous enough to scrutinize the bank statement.","Costs incurred from travelling, staying in hotels, eating out, etc.","Transcendent quality is an ideal, a condition of excellence.","See Specific, Measurable, Achievable, Realistic, Time Based.","Events and transactions distinguished by their unusual nature and by the infrequency of their occurrence.","Devices placed beneath boxes or packages in order to raise them off the floor to permit access by a forklift.","An example of COGS would be the cost of Materials, or the Direct Labor to provide a service.","While a common application consists of secure communications through the public Internet, a VPN may or may not have strong security features such as authentication or content encryption.","Shipping hazardous materials may require special documentation or packaging to ensure safety.","These include basic representations, events of default and termination events, numerous contractual housekeeping items, and a list of key definitions.","This includes time for order transmittal, processing, preparation, and shipping.","Conditional bank commitment issued on behalf of a customer to pay a third party in accordance with certain terms and conditions.","Our website uses cookies.","List of email business abbreviations in English.","The X is a placeholder for concrete offers for goods, products, services and information.","When a security is not rated, the security must be the credit equivalent of a security rated investment grade.","Interest cost incurred during the time necessary to bring an asset to the condition and location for its intended use and included as part of the historical cost of acquiring the asset.","The higher the percentage, the more efficient a business is in using its assets.","If the period of accumulation is one week, then the system is said to have weekly buckets.","When items are transported either domestically or internationally, the delivery must be accompanied by relevant documentation.","Use a document that can be universally opened.","JOINT RETURN for the year in which the death occurred.","Method of ACCOUNTING and presentation whereby ASSETS and LIABILITIES are grouped according to the purpose for which they are to be used.","Cost reduction is the process to identify and remove unnecessary costs by companies with the goal of improving profitability.","This may occur in multiple stages.","The length of the grace period is established in the credit card agreement.","Multiple views may be analyzed, such as market segment, customer, distribution channel, product families, products, technologies, platforms, regions, manufacturing capacity, etc.","This ensures that any previously discussed terms are clearly outlined when it comes time for payment.","Flaw or weakness which, if exploited, may result in an intentional or unintentional compromise of a system.","Prepare your workplace in advance of potential workplace outbreaks, employee sickness, employment shifts and the changing dynamic of workforce culture.","Set up for budget only.","Relating to transport by sea.","Written by the general accounting office, the yellow book sets forth standards to be followed in auditing the financial statements of entities that receive federal financial assistance.","Every accounting transaction must be assigned an object class code.","An inventory system where counts are performed continuously, often eliminating the need for an annual overall inventory.","Input variables can help reduce the effectiveness of rainbow table attacks.","An evaluation of the necessity and appropriateness of the use of health care services, procedures, and facilities.","Net Income is the dollar amount that is earned in profits.","DCs, or received directly at stores.","The act that sets forth the regulations governing public warehousing.","Securities Valuation Office of the National Association of Insurance Commissioners.","Program loan for a specific borrower and property.","Get a roundup of our best business advice in your inbox every month.","This includes costs associated with verification of site preparation, installation, certification, and authorization of billing.","An analysis of the strengths, weaknesses, opportunities, and threats of and to an organization.","The request for the change can be from a customer or from production, quality control, another department, or a supplier.","Please try again later.","The present value of all future cash flows, with the assumption of perpetual stable growth in some cases.","The outsourcing of the warehousing function by the seller of the goods.","The location where a shipment is transferred from a shipper to a carrier.","The invoice is prepared by the seller and acts as the document that the buyer will use to make payment.","You must show this on invoices in some countries.","People with a vested interest in a company, including manager, employees, stockholders, customers, suppliers, and others.","In the context of international trade, shipper is used to identify the company selling the goods to a foreign market.","Facilitates easier handling by a lift truck.","Payments received for services which have not yet been performed.","Please fill in all required fields before continuing.","Fire tracking event if all good.","It allows buyers to get sales revenue before they have to submit payment to the seller.","Embargoes are similar but usually refer to more severe restrictions such as travel bans or blockades.","Normally responsible for obtaining and submitting all documents for clearing merchandise through customs, arranging inland transport, and paying all charges related to these functions.","Legal arrangement involving a promise by one person to perform the obligations of a second person to a third person, in the event the second person fails to perform.","Transfers of public funds between governmental entities.","Some examples of commonly outsourced areas are assembly, test, metal finishing or painting, and specialized assembly process.","When is the best time to send your invoice?","However, since the currency used by the buyer and seller is the same, the invoice currency is assumed to be that currency.","Abbreviation for the American Purchasing Society, a professional organization of buyers and purchasing managers for business.","An organization of homeowners residing within a particular development whose major purpose is to maintain and provide community facilities and services for the common enjoyment of the residents.","DRP, shipping, freight management, traffic management.","Override the CPIM style to let our grey gradient show through the page.","It can be used for home improvements, debt consolidation, and other major purchases.","PDF, which include links.","What Is an Invoice And How Can I Make One?","The federal contracts negotiated by The University of Texas at Austin refer to businesses as small business concerns.","All requests run through either The Federal Reserve or The Clearing House.","The Fair Debt Collection Practices Act is a set of United States statutes added as Title VIII of the Consumer Credit Protection Act.","Calculated by dividing the cost of goods sold by the average value of inventory.","Global Payment Facilitator program is an aggregator model that allows payment facilitators to offer a suite of services to their sub merchants.","Mental health services, including services for alcohol and substance abuse.","Process or technique that demagnetizes the disk such that all data stored on the disk is permanently destroyed.","CASHFAC; CASHINVThe debtor is to pay on receipt of the invoice.","Positions appointed by the Board of Directors.","Frequently, the franchise agreement grants strict supervisory powers to the franchisor over the franchisee which, nevertheless, is an independent business.","Care given by health care providers to patients who are unable to pay for it.","Title passes at destination, and seller has total responsibility until shipment is delivered.","An example would be a power cord for a computer.","Individual responsible for managing and administering databases.","Vilfredo Pareto, an Italian economist.","An analysis that compares cumulative percentages of the rank ordering of costs, cost drivers, profits, or other attributes to determine whether a minority of elements have a disproportionate impact.","Invoice comparison or verification.","The medical name for a heart attack.","Banks use a credit score to help determine whether you qualify for a particular credit card, loan, or service.","The person who has physical possession of a petty cash fund.","Provide care for patients with multiple serious medical conditions requiring a longer stay than encouraged in traditional hospitals.","PAC means a strong profession.","Refers to the side of a ship.","Any CSS placed in this text area will be placed inside of a style tag located in the head section of the page.","Notify me of new comments via email.","Person at the federal agency whom approves the contract or grant.","The administrator of a unit.","The party that receives payment.","Included are files and bibliographic records for each issue and for each major item in each issue.","Law that derives authority from precedent, custom and usage rather than from statutes, particularly regarding the laws of the United States, the United Kingdom and countries formerly part of the British Empire.","Any transfer of funds initiated by electronic means from an electronic terminal, telephone, computer, ATM or magnetic tape.","Inventory is the term used to classify the assets that a company has purchased to sell to its customers that remain unsold.","Being paid what you are due is important but being paid on time is essential to avoid a strangled cash flow.","For example, a product may be purchased in cases, stocked in boxes, and issued in single units.","The billing summary produced and mailed at specified intervals, usually monthly.","Generally, the higher the ratio, the higher the perceived risk.","Debt Management Plan is your best path toward effectively managing debt levels.","The transfer of rights held by one party to another party.","The agreement between two or more enterprises concerning the amount and timing of payment for goods or services.","Canada Customs system that allows for the electronic transmission of import data for goods that have already been released.","Access is required to facilitate verification for approvals and settlement.","Individual industrial property rights are regulated in the respective special protection laws.","An executive agency determines in a specific instance that the use of a type of procurement contract is appropriate.","In this article, we explain some of the most common business abbreviations and their meanings.","Conditions in your area may vary.","On the other hand, one of the biggest incentives when it comes to payments is to offer clients a discount if they pay within a shorter period of time than what was originally discussed on the invoice.","Any residential health care facility that administers health, rehabilitative or personal services for a prolonged period of time.","Transfer of material, product or goods; legal ownership is only transferred through sales.","Request for detailed information on prices and conditions based on a concrete specification.","Each financial situation is different, the advice provided is intended to be general.","This is where you hand over your invoice to an invoice factoring company.","Call center services may be in house or outsourced.","From a procurement perspective, a bill of materials is a useful reference as it documents both the ideal item and quantities needed to produce the goods.","It exists to promote development and cooperation between members, which includes the majority of credit and debit cards issued in the UK.","Excludes amounts attributable to uninsured accidents and health plans and the uninsured portion of partially insured accident and health plans.","Indicated future interest rates derived from the differences between current rates for different maturities of the same instrument.","This may be required before payment is made.","The issuance of approval, by a credit card issuer, merchant, or other affiliate, to complete a credit card transaction.","Take a look this post to get refresher.","Bulgaria, Croatia, Denmark, Poland and Romania, which are made instantly and with immediate finality.","The process of planning, implementing, and controlling procedures for the efficient and effective storage of goods, services, and related information from the point of origin to the point of consumption for the purpose of conforming to customer requirements.","The amount of money paid or received on a monthly basis for each individual enrolled in a managed care plan, often referred to as capitation.","All the provisions and agreements of a contract.","This terminology is typically used when products consist of many possible features and options that may only be combined when an actual order is received.","Any payment received after this date is considered late; fees and penalties can be assessed.","Typically, a fiduciary prudently takes care of money for another person.","Our coaches will help you assess if debt settlement is the best debt resolution option for you.","Any person who regularly collects debts owed to others.","This is also known as internet or electronic banking.","The World Bank Group, All Rights Reserved.","This is usually shown in a document called a marine insurance certificate.","Process of making necessary adjustments to change or switchover the type of products produced on a manufacturing line.","The concept provides an incentive to both the buying and supplier organizations to focus on continually reevaluating, reenergizing, and enhancing their business relationship.","Instructions produced by the Office of Loan Programs for an escrow or title company detailing the documentation and procedures required before a loan is funded.","Previously known as the FSA, Financial Services Authority.","This website uses cookies to ensure you get the best experience.","Earned loan funds that the student has not yet received must be offered to the student by the institution as a post withdrawal disbursement.","In inventory control and financial accounting, this refers to the practice of using stock from inventory on the basis of what was received last is consumed first.","It includes making inquiries of and observing the personnel who actually perform the controls; reviewing documents that are used in, and that result from, the application of the controls; and comparing supporting documentation to the accounting records.","The hours during which an employee is regularly scheduled to conduct state business.","Present Value is a term that refers to the value of an Asset today, as opposed to a different point in time.","Generally synonymous with ultimate consignee.","Some of these acronyms and abbreviations can be considered quite common in a professional setting, and some abbreviations are specific to different internal operations, such as finance, technology and departmental designations.","The complete repayment of a loan, including principal, interest, and any other amounts due.","Partial container loads stand for less than container load.","Once the full amount of the transaction is determined, usually at checkout, the card is charged and the hold is removed.","Sometimes major activity is used for larger bodies of work.","The arithmetic average of a group of values.","By clicking continue, you will be taken to a website that is not affiliated with Merrill and may offer a different privacy policy and level of security.","These are the terms that are most commonly used in reference with this reporting tool.","Get paid faster, track cash flow and automate admin to free up time to focus on the work that matters most.","This refers to the specific time and place where a retail transaction is completed.","Method of accounting and presentation whereby assets and liabilities are grouped according to the purpose for which they are to be used.","Generally, any loan in which the amount advanced, plus any finance charges, is expected to be repaid in full by a specified date.","Login account predefined in a system, application, or device to permit initial access when system is first put into service.","Use these FREE tools to break free from debt and take the first step toward achieving your financial goals.","Companies located in these countries may be eligible for reduced duty rates when importing if their goods qualify under the terms of NAFTA.","Allocation based on user counts, transaction counts, or departmental headcounts are reasonable approaches.","What Is Human Resource Management?","The space not filled with liquid in a drum or tank.","Location where cargo enters the custody of a carrier.","The form indicates information concerning the school they will attend, the program and the expected date of completion.","What is the difference between cost of equity and cost of capital?","Costing identifies the method of recognizing direct and indirect costs associated with products and services.","Any company that is interested may submit a tender.","American Purchasing Society Inc.","Google Pay and the Google Pay Logo are trademarks of Google LLC.","Current value of a given future cash flow stream, discounted at a given rate.","The need for SCE is what is driving the dot coms to offer equity partnerships to the wholesale distributors.","The auditor is required to disclaim depending on the limitation in scope.","Accounts departments prefer PDFs above everything else.","This document explains the health benefits you and your dependents have under the plan.","Cannot find the financial model you need?","The time in which a taxpayer acquires property and the date on which it is sold.","Discover the pros and cons of credit reports here.","An alphabetical listing of commodities, the class or rating into which the commodity is placed, and the minimum weight necessary for the rate discount; used in the class rate structure.","Every bit of new knowledge you obtain gives you a distinct advantage in the business world.","This type of article should not exist at the requested location in the site hierarchy.","Average price movements can be measured up or down from the monthly reports issued.","Insert your pixel ID here.","The modelling software also generates historical information or data as a basis for production and project scenarios and future possible pricing.","Indique un FIELD_NAME v\u00e1lido.","The location where goods will be cleared for importation into a country.","Also known as a STATEMENT OF FINANCIAL CONDITION.","Major functions of an educational institution are instruction, organized research, other sponsored projects, and other institutional activities.","The result is often expressed as a percentage.","The use of a credit card, debit card, or gift card to purchase goods or services anywhere that payments cards are accepted, subject to terms and conditions of the card issuer.","Financial shortage that occurs when LIABILITIES exceed ASSETS.","New terms will be added to the glossary over time.","The selected file can not be uploaded because you do not have permission to upload files of that type.","Methods of transportation include trucking, railroads, airlines, and sea borne shipping.","Claims may only be filed against posted and settled transactions subject to dollar limits and subsequent verification, including providing all requested information supporting fraudulent use claim.","Another name for the average.","See APR examples: BBP or BP: Bill Payment: Payment of a bill.","Warehouse slotting is defined as the placement of products within a warehouse facility.","This identification number is used by both the IRS and by individual state tax systems.","An identifier assigned by the carrier to a piece of equipment.","Provides for an accounting analysis that is suitable to a court of law which will form the basis for discussion, debate, and ultimately dispute resolution.","In procurement, a category is a group of related goods or services with similar characteristics.","Program loan at a specified amount and interest rate.","Are you sure you want to delete your idea?","Piece of freight missing from shipment as stipulated by documents on hand.","You can set professional and personal goals to improve your career.","CEO of an institution allowing participation in the Title IV programs.","The principle feasibility of a project should be demonstrated in the appendix to an initial project by testing the idea in a smaller scale.","International water carriers that ply fixed routes on published schedules.","CPA is a professional designation that an accountant can earn by passing the CPA exam and fulfilling the requirements for both education and work experience, which vary by state.","An independent organization that provides administrative services including claims processing and underwriting for other entities, such as insurance companies or employers.","DOCOLLECTThe debtor is to pay against or to accept, as the case maybe, financial documents accompanied by commercialdocuments or commercial documents not accompaniedby financial documents submitted for collection by thecreditor.","The following guide includes basic accounting terms, definitions, and industry acronyms.","The absence of effective competition for railroads from other carriers and modes for the traffic to which the rail rate applies.","Costs for any outsourced IT activities should be included.","Main computer hardware on which computer software is resident.","Please choose a program.","Process designed to provide reasonable assurance regarding achievement of various management objectives such as the reliability of financial reports.","Those personnel whose jobs entail actual contact with the customer.","The logical extension of outpartnering.","In the Japanese auction, no bids are initially submitted by suppliers.","Certain criteria may be met that allow an exporter to export a product without an export license in cases where an export license would normally be required.","Especially found in financial models or spreadsheets, some may confuse you on what some abbreviations stand for.","CPA can be an immense help.","Silicon Valley and London, anyone?","Medicare Advantage product and whether sold directly to an individual or through a group.","Examples include abstracters, accountants, insurance adjusters, architects, engineers, insurance agents and brokers, lawyers, real estate agents, stockbrokers.","In manufacturing, kaizen relates to finding and eliminating waste in machinery, labor, or production methods.","When you fill out the FAFSA, you must supply the Title IV Code for each school to which you are applying.","The overall objectives are to safeguard the orderly functioning of the banking sector, identify weaknesses, and to maintain stability.","This source document illustrates the cost and terms of a sale by using what is known as payment terms.","Such mandates can affect both private and public sector operators.","The method of transportation: land, sea, or air shipment.","The carrying capacity of a piece of equipment according to measurement in cubic feet.","US association that administrates UCS, WINS, and VICS and provides UCS identification codes and UPC codes.","Various forecasting techniques attempt to predict one or more of the four components of demand: cyclical, random, seasonal, and trend.","Synonym: Build to Order.","Typically used to describe products which are manufactured or assembled only when a customer order is placed.","Malware activity that examines and extracts data that resides in memory as it is being processed or which has not been properly flushed or overwritten.","Usually, at the end of the month to cover that month.","The UCC is an act passed with slight modifications by each state in the United States that establishes legal guidelines for commercial transactions.","EDI messaging, the contents of the primary body of an EDI message.","To claim this preferential duty rate, you must determine if your goods qualify under the USMCA Rules of Origin.","Of course, you can change these terms as you like.","This refers to programs for card issuers to offer incentives to cardholders for using a specific card.","Not familiar with the Act.","National Institute of Standards and Technology.","The application of simple techniques that prevent process quality failure.","The RTA must be completed and approved prior to the beginning travel date if the traveler type is an employee or prospective employee.","Password on system administration, user, or service accounts predefined in a system, application, or device; usually associated with default account.","Want to Know How HR Can Do More by Doing Less?","NIH Guide for Grants and Contracts.","In actuality, this is more like a credit extension from the customer to the supplier, as the goods are not being shipped yet.","The Federal regulatory agency that charters and supervises Federal credit unions.","For enterprises to survive in a competitive environment, profit optimization is a vital technology.","Also known as excluded income.","Applied to purchasing management it means that the largest percentage of cost reductions can be obtained from a small percentage of the items purchased or from a small percentage of the number of suppliers used.","Make sure yours are in order with Debitoor.","This helps ships avoid hazardous areas.","The deduction for stock options in not usually limited.","People with overall responsibility for a business, who act in accordance with the best interests of the corporation and its shareholders.","The malicious individual sends deceptive messages to a computer with an IP address indicating that the message is coming from a trusted host.","The application used to describe the function of a vehicle of transfer.","An electronic funds transfer network that enables direct money transfers between participating bank accounts and lenders.","Permanently Restricted: gifts to the university in which the donor restricts the corpus for investment purposes and only the interest earnings may be spent in support of the university.","Fixed costs include things like payroll, rent, and insurance payments.","If positive, the difference is called a debit balance; if negative, a credit balance.","Training that is delivered via computer workstation and includes all training and testing materials.","The amount of money in an account at the start of the business day, including all deposits and withdrawals posted the previous night, whether or not the funds have been collected.","The term is also used in transportation in reference to the fees and rules applied by a carrier for its services.","An estimated amount set aside by the insurance company to pay claims that may have occurred, but for some reason have not yet been reported to the insurance company.","An individual employed to move trucks and trailers within a terminal or warehouse yard area.","Inventory that is geographically dispersed.","Personal Identification Number to the account numbers.","Requirement found in ethical codes that the person governed by the ethical rules exercise professional care in conducting his or her activities.","For Service Plan that contracts with Medicare Advantage Prescription Drug Plan also includes drug benefits.","Classification, for example classification of suppliers to different categories.","The difference between the fair market value of a property and the current indebtedness secured on the property.","The process of ensuring the availability of products through inventory administration.","Capital already invested that for some reason cannot be retrieved.","An enterprise that offers service via motor carriage.","An industry association representing common and charter bus firms; now known as the American Bus Association.","And, how many people even think of Human Resources when they tell you to go see HR about your problem.","The market value of an endowment is the book value plus the impact of realized and unrealized gains and losses, less the annual spendable.","For example, one function of a proxy server is to terminate or negotiate connections between internal and external connections such that each only communicates with the proxy server.","CLICK HERE to sign up for our newsletters!","Once the customer has made their payments, it will automatically show up on your accounting records in the corresponding client folder.","Coverage does not include the structure but does include any affixed items provided or changed by the renter.","All state funds are subject to State expenditure rules.","They are taxed differently than regular wages.","There are some errors in the form.","Opposite of front or nose.","Seasonality explains the fluctuation in demand for various recreational products which are used during different seasons.","The amount and type of documentation vary depending on whether the shipment is within the United States or to another country.","An issuer assumes responsibility for paying the acquiring bank on behalf of the customer.","Official website of the OCC.","For example, when building public a school, buying furniture for a ministry.","Organization of tenders and auctions.","External links provided on rasmussen.","Classifies the source or purpose of funds.","What is Liquidity and Why Does it Matter to Small Business?","Method of filtering outbound network traffic such that only explicitly allowed traffic is permitted to leave the network.","When the amount of money withdrawn from a bank account is greater than the amount actually available in the account, the excess is known as an overdraft, and the account is said to be overdrawn.","There is no contract with the suppliers, but there is some assurance as to their appropriateness for specified categories.","That request goes to an ACH Operator, which is a clearinghouse that gets numerous requests throughout the day, and then routes the request to its destination.","Specific health care benefits, services and products a health plan or insurer will provide reimbursement for.","Synonym: Gross Profit Margin.","Also known as an order bill of lading.","You can still postpone paying the interest charges by capitalizing the interest, which increases the size of the loan.","Patient tests performed on an outpatient basis prior to admission to the hospital.","Appendices B and C in PCI DSS Requirements and Security Assessment Procedures for guidance on the use of compensating controls.","Companies report assets on their balance sheets.","The reasons for denial may include credit history, lack of verifiable liquid assets, inadequate income, etc.","The end points of the virtual network are said to be tunneled through the larger network when this is the case.","Average daily output in units.","Deposit accounts include checking, NOW, savings, share draft, and such other depository accounts as are legal under applicable law.","Title Insurance company, which insures a homebuyer and the lender against errors in the title search.","An account that earns interest.","Individual purchasing goods, services, or both.","Average Payment Period for Material in Days.","The balance sheet will balance because of the Equity part of the formula.","This monthly payment erases some of the uncertainty and makes your life easier.","You pay quickly and avoid credit card processing fees.","Want to know how you can boss it at your business?","When thinking about your terms of payment, remember to always be polite, keep the terms short and clear, offer incentives for early payments, interest rates for late payments, and offer a variety of payment process options.","How do you abbreviate Credit?","The Reverse Charge moves the responsibility for the reporting of a VAT transaction from the seller to the buyer of a good or service.","Checks you have written that have not yet cleared the bank.","Incidents of illness and accidents in a defined group of individuals.","Shipment of goods into a country.","In projection management, the first project planning document that should be prepared.","The investment is not assumed, accepted, guaranteed or insured or otherwise backed by a domestic jurisdiction or a person, that is not a shell business entity, domiciled in a domestic jurisdiction.","It describes the purpose, history, deliverables, and measurable success indicators for a project.","American Academy of Actuaries, and is in good standing of the American Academy of Actuaries who has been approved as qualified for signing casualty loss reserve opinions by the Casualty Practice Council of the American Academy of Actuaries.","Coverage applicable to the dwelling, appurtenant structures, unscheduled personal property and additional living expense are typical.","Unlike physical terminals, virtual payment terminals do not read data directly from a payment card.","This article type requires a template reference widget.","This approach is commonly followed for determining pension contributions.","Each county and hospital in NC is currently included in at least one of seven Regional Advisory Committees.","In attributes sampling, the presence or absence of a characteristic is noted in each of the units inspected.","Crude or processed material that can be converted by manufacturing, processing, or a combination thereof into a new and useful product.","Capital may include funds in deposit accounts or money from financing sources.","When employees are terminated through no fault of their own, they may be eligible for a special payment known as severance pay.","Category management is the active control of costs and suppliers within strategic categories.","An accounting document that creates accounting transactions.","HMOs, or other Health Plan Companies, may contract for health care services to covered individuals.","Procured materials and products of a company can be graphically displayed with regard to their supply complexity and their influence on the operating result.","For example, if a company was shipping its goods to New York City, it would be written out as FOB New York.","Receipts are written notices acknowledging that one party received something of value from another.","Location where cargo is separated in preparation for delivery.","An alternative for debits I have seen is Db.","Departments may obtain the services of individuals outside the University to fulfill these needs.","In the case of a computer lab, the responsible person would be the one that oversees the lab.","The state of domicile receives a schedule for each jurisdiction the company wrote direct business, or has amounts paid, incurred or unpaid.","The original interest rate is listed on your CD account receipt and statement.","The shipment volume at which the LTL charges equal the TL charges at the minimum weight.","Some schools call the award letter the Financial Aid Notification.","The parent cannot withdraw the money to use for his or her own needs.","Identifier for a particular user or application.","Agile procurement is the ability to react to changes in supply and demand conditions in sourcing activities.","The greatest risk of unfunded mandates is the prospect that such addition imposed costs will result in the gradual financial weakening, or worse, the financial collapse of the entity being directly affected.","How Does a Paper Check Become Electronic?","Where more goods or services are available than there are buyers for them.","The resources, or money, available for investing in assets that produce output.","The specific assets or amounts from which income is earned.","Understanding the different types of shipment and related terms is crucial to ensure your goods get shipped on time, within compliance and in good shape.","Accounts Receivable are often abbreviated as AR.","Variations in business or economic activity that recur with regularity as the result of changes in climate, holidays, and vacations.","The partnership is based on several commitments.","Unsourced material may be challenged and removed.","The university sends a report to the three national credit bureaus on a regular basis.","The interest rate described in relation to a specific amount of time.","Please see individual component categories for component detail and calculations.","Conversely, Open Loop refers to the use of a credit card, debit card, or gift card to purchase goods or services anywhere that payment cards are accepted, subject to terms and conditions of the card issuer.","COD stands for Cash on Delivery.","We are not responsible for their content.","Material is the term that refers whether information influences decisions.","CIFs so long as the entity offering these funds is a bank or other authorized entity and so long as participation in the fund is restricted to only those customers covered by the exemption.","The regulatory body that protects consumers from bad business practice.","Social Security and federal health programs in the civilian sector.","Price at which property would change hands between a buyer and a seller without any compulsion to buy or sell, and both having reasonable knowledge of the relevant facts.","Responsibilities typically include but are not limited to network security, installations, upgrades, maintenance and activity monitoring.","Sale, the merchant then requests an additional method of payment to cover the outstanding balance of the transaction.","The ATP quantity is the uncommitted inventory balance in the first period and is normally calculated for each period in which an MPS receipt is scheduled.","An approved supplier is checked by the purchasing managers using various criteria.","While many small businesses use a standard invoice, many more use the proforma invoice and these other types of invoices for their business operations.","The most fundamental reason for the failure or inefficiency of a process.","No Fault is defined by the state concerned.","The penalty fee and interest incurred must be included in the payment terms in order to be binding.","The number of days a patient stays in a hospital or other health care facility.","The address where you send an invoice.","You may disable these by changing your browser settings, but this may affect how the website functions.","For example, if a staff member is issued a laptop to use at home or at the office, the staff member is the person responsible for the laptop.","Payment by a business entity to its owners of items such as cash assets, stocks, or earnings.","Recurring payment invoices are for ongoing services, and are typically the same for each month.","The person or place to whom a shipment will be transferred.","After a detailed list of company processes, an exact calculation of each individual product can be made.","Texas Comptroller of Public Accounts.","In doing this, the equipment becomes capable of discriminating against unacceptable quality, and the automated process becomes more reliable.","All or portion of an ACCOUNT, loan, or note receivable considered to be uncollectible.","Willful misrepresentation by one person of a fact inflicting damage on another person.","The accounting field encompasses many specialized professions.","This is for larger businesses that have many different revenue sources to offset delayed payment by its clients.","Temporary budget transfers are reflected in the monthly financial reports under revised budget.","Variable costs increase with more sales because they are an expense that is incurred in order to deliver the sale.","For comparison, intangible fixed assets: distribution rights, licences, patents, that lack physical existence.","What Is an ACH?","Guidelines given by an International Organization for Standardization and that establishes standards for quality.","Bureau of Labor Statistics that represents the prices of selected products and compares them with prices at a different base time.","This is different from a house bill of lading which is issued by a freight forwarder to a shipper, acknowledging receipt of their items for shipment.","When a debit clears that exceeds the funds available in your account, money will be transferred from the linked Overdraft Protection account.","American National Standards Institute.","Learning and understanding Human Resources and management acronyms and abbreviations is a challenge.","Someone can fulfill the obligation of settling a liability through the transfer of money, services, or goods.","This report provides a snapshot of the financial condition of a company and significant events which occurred throughout the reporting year.","The time period during which customers demand the greatest quantity.","Medicare services in North Carolina.","As an asset is depreciated, it loses value.","This is when your own sales force sells to the customer.","To misuse or embezzle funds.","The buyer assumes responsibility for loss and damage and pays for the insurance of the shipment.","Typically a freight broker will connect small shippers to carriers who can move their goods.","This contribution refers to the amount a jurisdiction should now be setting aside to fund the cost of future retiree benefits.","As market interest rates increase or prepayment rates decrease, the maturity of an IAN extends.","Core competencies are embodied in the skills of the workers and in the organization.","When negotiating a purchase order or contract, it is essential to know what payment terms are, what they mean, and what options exist.","Abbreviations are commonly asked in IBPS, SBI, RBI, RRB, UPSC and other banking exams.","IVR refers to the field of telephony technology enables a computer to interact with a consumer through the use of voice commands and keypad buttons.","Recognition of purchasing management knowledge.","Program that allows Medicaid beneficiaries to receive services in their own home or community rather than institutions or other isolated settings.","Also used to refer to the insured or to the property coverage by a policy.","This unique analyses aggregate retail sales data across over four million merchant locations to provide extraordinary insight into consumer spending patterns in all major retail verticals.","These tools facilitate interactions between buyers and suppliers through the use of online negotiations, online auctions, reverse auctions, etc.","Can refer to sales, profits, or margins.","The browser on your computer or device may also allow you to notify you or automatically refuse cookies.","For example, if x or more units are bad within the sample, the lot will be rejected.","Medicaid and uninsured patients.","What does OFC mean?","An unknown error occurred.","Number assignment is free for all businesses required to register with the US Federal government for contracts or grants.","The basic document a public warehouse manager issues as a receipt for the goods a company gives to the warehouse manager.","Get answers to banking questions.","Factors: flat hierarchies or administration, quick adaptability, avoidance of waste etc.","One or more companies or individuals who participate in the flow of goods and services moving from the manufacturer to the final user or consumer.","This refers to a standard day for conducting business, excluding government holidays and weekends, when the securities markets and most retail locations are open for business.","There are currently no items in your basket.","Do you have data on population projections?","Also known as Card Validation Code or Value, or Card Security Code.","Measure of quantity of inventory on hand in relation to number of days for which usage will be covered.","Displays the status for items that have yet to be received.","This is an individual that is not a citizen, but who has a residence in the United States.","Straight trucks do not have a separate tractor and trailer.","Getting paid by your employer quickly, safely, and reliably.","Asset that one can reasonably expect to convert into cash, sell, or consume in operations within a single operating cycle, or within a year if more than one cycle is completed each year.","Often carried out as a partnership.","Provides benefits for eye care and eye care accessories.","Includes mobile homes at a fixed location.","That digital ledger is then made publicly available to anyone using that cryptocurrency.","The process of analyzing two related records and, if differences exist between them, finding the cause and bringing the two records into agreement.","United States Department of Defense Military Health System.","The condition that exists when the amount of losses exceeds the amount of capital.","There are some abbreviations and acronyms that refer to financial matters in general.","An independent regulatory agency that implements federal economic regulations controlling railroads, motor carriers, pipelines, domestic water carriers, domestic surface freight forwarders, and brokers.","This can also be considered the first discharge port.","In the context of access control, authorization is the granting of access or other rights to a user, program, or process.","Redirecting to the Draft version.","The direct expenses related to producing the goods sold by a business.","Speaker: Amy Letke Amy is the Founder of Integrity HR, Inc.","The FLSA also established the federal minimum wage and provided several mandates related to child labor.","Please choose a campus.","Data is the global technology leader in payment technology and services solutions.","Accounting cycles track accounting events from when the transactions first occur to when they end, all within given accounting periods.","The costs associated with breakage, pilferage, and deterioration of inventories.","An international air carrier rate bureau for passenger and freight movements.","The five main components of an APS system are demand planning, production planning, production scheduling, distribution planning, and transportation planning.","Contact us on WHATSAPP for quick response.","Provides professional development for university best practices.","Returns a valid button ID.","When using the accrual accounting method to calculate revenue, accountants include sales made on credit.","Digital transformation in procurement is the use of digital technologies to change the way procurement operates to meet changing business and supply market requirements.","Used by carrier for internal record and control, especially during transit.","Examples: purchasing quota, complaint quota.","State banks that are members of the Federal Reserve System.","Does not include WIP storage time.","Payment for services of employees at an hourly rate.","ID number is assigned to other types of entities and will use that as their TIN.","LPNs work under the direction of physicians.","Insurer maintains the right to seek reimbursement for losses incurred by insurer at the fault of a third party.","Each taxpayer is allocated an initial base amount based on his or her filing status determining the credit.","NAIC staff supports these efforts and represents the collective views of state regulators domestically and internationally.","Using a sequential numbering system is the easiest way to manage this.","Also for integrated planning, control and monitoring of the supply chain.","Activities are grouped into pools by type of activity and allocated to products.","In insurance, the cost of specified coverage for a designated period of time.","For example, some countries have bans on certain products like weapons or sensitive technology.","Expenditure used to purchase goods or services that could produce a return to the investor.","The period of time for payments is unspecified.","Direct procurement is the acquisition of materials, goods and resources for production.","Debt securities issued by companies with higher than normal credit risk.","For example not taking proper care to protect insured property because the insured knows the insurance company will replace it if it is damaged or stolen.","Customers not paying on time?","See index amortizing swap.","Software and processes for professional warehouse management.","Sampling is not a PCI DSS requirement.","The check itself is not the method of payment.","There are many forms of trade credit, the table below lists the abbreviated payment codes that businesses put on their invoices and explains what they mean.","The aggregate term for independent third party documentation pertaining to the subject property.","This refers to the date appearing on the face of a credit card, which identifies when that card is no longer valid for transactions.","Distribution of an expense, fund, or dividend proportionate with ownership.","Method of rendering the full PAN unreadable by permanently removing a segment of PAN data.","This document is a legal offer made by a buyer to purchase products or services from a seller.","ATM cards, debit cards, and credit cards are all examples of bank cards.","Or, the responsibility can transfer to the buyer once he or she receives the goods if there is a FOB Destination agreement in place.","Elements represent separate costs or parts associated with an inventory item.","The planning activities associated with transportation, warehousing, inventory levels, materials handling, order administration, site and location planning, industrial packaging, data processing, and communications networks to support distribution.","The percentage of orders that are fulfilled on o before the internal commit date, used as a measure of internal scheduling systems effectiveness.","The percentage of order items that the picking operation actually found.","Practice of dividing steps in a function among different individuals, so as to keep a single individual from being able to subvert the process.","Merchants are usually charged fees by their Managed Service Provider for retrieval requests, and may incur penalties for not responding in a timely manner.","The payment of a debt before it actually becomes due.","The parties involved share the responsibility for repaying the debt accumulated.","Customs for the sale by writing off bad debts of more than six months.","In inventory theory, the total cost curve for an inventory item is the sum of the costs of acquiring and carrying the item.","Any series of firms or individuals that participates in the flow of goods and services from the raw material supplier and producer to the final user or consumer.","For this reason, we decided to make a list of key terms and abbreviations in procurement.","The time it takes to rebalance the entire supply chain after determining a change in market demand.","Institutions may not award Title IV funds until the PPA has been signed and countersigned.","An organization that organizes other third party logistics partners for outsourcing of logistics functions.","Private networks are commonly designed as local area networks.","These goals are accomplished through shipping accuracy and reduced response time.","Used to file a claim with a carrier.","Audit Section ACLF Additional Collateralised Lending Facility AIDBs All India Development Bank.","Your message was not sent.","Some models of integration include Physician Hospital Organizations, Management Service Organizations, Group Practices Without Walls, Medical Foundations, and Health Provider Cooperatives.","The transfer of goods from one location to another.","Make it easy and clearly state your terms on the invoice so that the recipient knows when payment should be made.","The buyer takes possession of the shipment at the point of origin and bears all costs and risks associated with transporting the goods to the destination.","CASHThe debtor is to pay on delivery of the goods.","United Nations Economic Commission for Europe.","When you leave a comment on this article, please note that if approved, it will be publicly available and visible at the bottom of the article on this blog.","An export documentation and compliance software program that makes creating accurate export documents fast and easy.","Accounts receivable are outstanding invoices that you have sent to your customers.","The Coveo Resources component must be included in this page.","Some web servers support multiple home pages.","The Financial Accounting Standards Board sets GAAP.","Same explanation as above!","The receiver of a freight shipment.","When expense reports, requisitions, or similar documents are officially accepted as satisfactory.","Truncation relates to protection of PAN when stored in files, databases, etc.","Refers to airfreight containers and pallets.","Need to brush up on your acronyms and abbreviations in the industry?","The IRS requires small businesses to hold onto some receipts to document tax deductible expenses.","What Does ARO Mean for the Terms of a Payment?","Exercise price is based on a lower share price prior to the option grant date.","Please note that disabling cookies may cause some website features or functionality to work differently or stop working entirely.","The assets of an account other than income derived from those assets.","The process of detailing a new standard.","SAP Documentation, Program names, the very Banking area, etc.","VA shares the cost of covered health care services and supplies with eligible beneficiaries.","Office of Loan Programs acknowledging that a borrower no longer wishes to pursue a loan from the University of California.","When the traditional sales channels are disassembled and the middleman gets cut out of the deal.","To streamline the process, many fixed asset terms and equations are abbreviated.","The LTV will affect programs available to the borrower; generally, the lower the LTV, the more favorable the program terms offered by lenders.","Trojans or Trojan horses, spyware, adware, and rootkits.","To be able to clearly define rights and obligations in the event of escalation, it is important to clearly name all conflicts that could arise from the main contract.","The receipt can be either negotiable or nonnegotiable.","The Net Cash Flow for a period of time is found by taking the Beginning Cash Balance and subtracting the Ending Cash Balance.","An intermodal container is one that can be used in different modes of transport without having to unload the goods and reload them at each point at which the mode of transport changes.","The image of an organisation.","Variable rates are often defined as the sum of a variable rate index, such as the LIBOR index or Prime Lending Rate, and a fixed rate margin.","These are the payments terms that you and the buyer have agreed on.","An exchange agreement between two nations or trading groups that gives each party favoured trade status connected to certain goods obtained from the signatories.","Inventory on hand that will satisfy future demand for products that are no longer in production at your company.","Any account linked to another account at the same financial institution so that funds can be transferred electronically between accounts.","Usually related to a specific budget.","Corporate mission statement on ethics, sustainability and CSR.","Typically, cross border payments are made via an incumbent correspondent banking network, which involves the money travelling between multiple organisations, resulting in the process being slow and costly.","Social Security Act and monitor records once a person begins to start receiving Social Security benefits.","The total money spent to produce goods and services, including production, labor, storage and material costs.","Quality is not a direct function of price, so it may do so, or it may not.","This type of loan is sometimes referred to as a second mortgage or borrowing against your home.","This is the opposite of an integrated structure.","Measurable value that demonstrates how effectively a company is achieving a defined key business objectives.","An electrodiagnostic medicine technique for evaluating and recording the electrical activity produced by skeletal muscles.","United States UA Unauthorized Absence UADPS Uniform Automated Data Processing System UADPS Uniform Automated Data Processing for Stock Points.","An individual who holds sole ownership of a business.","Industry standard that encrypts the channel between a web browser and web server.","Charging different rates to shippers with similar transportation characteristics, or, charging similar rates to shippers with differing transportation characteristics.","Part B coverage is optional and must be paid for separately through monthly premium payments.","This is a legal copy of your check.","Serial numbers can be used to support traceability and warranty programs.","This program has greatly reduced costs for employers while making it easier for individual taxpayers to get their taxes in on time.","Generally the department head.","Also called Business Process Reengineering.","The way individuals or organizations behave in a purchasing situation.","This is a handy thing to have when it comes time to prep financial statements.","Targeted, deliberate restriction that requires trust and close cooperation.","This link will take you to an external web site.","See Masking for protection of PAN when displayed on screens, paper receipts, etc.","Overhead are those Expenses that relate to running the business.","How do you calculate net present value?","As a result of using a fraudulent scheme, individuals will lose money, could lose property, will damage their credit rating, and possibly incur additional debt.","Total debits must equal total credits.","The freight forwarder industry association.","Collateral becomes subject to seizure on default.","Shared services typically lower overall cost due to the consolidation, and may improve support as a result of focus.","Businesses indicate accrued revenue for goods or services for which they expect to receive payment later on.","The entity that licenses physicians to practice in North Carolina and disciplines those who violate state law and rules related to medical practice.","Keep me logged in.","Cost of Goods Sold are the expenses that directly relate to the creation of a product or service.","Experienced accountant who directs internal accounting processes and procedures, including cost accounting.","Your company sells and ships to the distributor.","CRM platform for all your receivables needs.","The RTA supports the legality and fiscal responsibility of a travel payment or reimbursement, or for both purposes.","Liz has just created an invoice for a customer of her photography business.","The process where payment is delivered separately from its associated detail.","Technique or technology under which certain files or logs are monitored to detect if they are modified.","The act of fulfilling a customer order.","Beyond an IDS, an IPS takes the additional step of blocking the attempted intrusion.","Simple Network Management Protocol.","The process of reducing debt through regular installment payments of principal and interest that will result in the payoff of a loan at its maturity.","The routing of patients to other hospitals because an emergency room is temporarily at maximum capacity.","The system that determines how measurements will be conducted.","The carrier whose name is printed on the bill of lading and with whom the contract of carriage exists.","Closely related to price risk and market risk.","Freight costs associated with the movement of material from a vendor to the buyer, including all associated administrative tasks.","Otherwise, we typically decline the transaction and we do not charge an Overdraft Item fee.","Learn how thousands of businesses like yours are using Sage solutions to enhance productivity, save time, and drive revenue growth.","The terms of the written power of attorney may specify when it will expire.","Delineated by interchange control segments.","Investors should carefully review the investment risk considerations detailed in the relevant offering documents and disclosure statements.","Forgot your Username or Password?","The letter of guarantee commitment relating to guarantee issued should be precise and clear.","Document authorizing someone other than the shareholder to exercise the right to vote the stock owned by the shareholder.","The distributor sells and ships to the end user.","UCC System provides identification standards to uniquely identify trade items, logistics units, locations, assets, and service relations worldwide.","It is more important to have payment as soon as possible than to have the full payment.","Please contact for general WWTS inquiries and website support.","This refers to a database service provided to merchants, businesses, and individuals to verify the check writer has a valid checking account and does not have a history of writing bad checks.","Thank you for using The Free Dictionary!","Hardware or software that connects two or more networks.","Each APG is a classified medical service or procedure.","However, most governments report their cash outlays for OPEB in a given year, rather than the cost to the employer of OPEB earned by employees in that year; these two amounts may be vastly different.","It means that the price per unit of a product does not vary proportionally with increased quantity.","The cost associated with a single unit of measure underlying a resource, activity, product, or service.","The capital stock of the central bank is owned by the banks of all EU member states, and the role of the ECB is to keep prices stable, in order to support economic growth and job creation throughout these states.","Please update the link.","During data refinement, rudimentary data records are corrected, updated and enriched with additional information.","One who holds legal title to a property for the benefit of another, or for the purpose of securing performance of an obligation.","Medicare beneficiaries may select from among several managed care options or a Medicare system.","The cost to produce one additional unit of output.","Keep in mind that these companies will charge you a fee, so make sure that you read the fine print.","Steps of making a spend cube are data collection, data consolidation and conversion, classification of suppliers and expenditures and final evaluation of the data and construction of customized reports.","Payment in advance, PIA for short, is simply a payment that is made ahead of schedule.","Functions as sorter and interpreter by looking at addresses and passing bits of information to proper destinations.","Individual states give legal power to the UCC by adopting its articles of law.","RTGS are usually controlled by the central bank of a country.","XML and provides formal XML schemas for standard business transactions, allowing programs to modify and validate documents without prior knowledge of their form.","This refers to an incident when sensitive, confidential data, such as credit card or personal health information, is viewed, stolen, or used by an unauthorized, untrusted individual.","Work with our HUD approved housing counselors who will assess your current mortgage needs and help guide you to the options that are best suited for your specific situation.","The preparation of a mortgage loan application and supporting documents for consideration by a lender.","The function that performs the tasks for the outgoing shipment of parts, components, and products.","Person who transfers property.","State Office of Risk Management.","Temporarily restricted assets are released to unrestricted to cover expenses.","Comptroller of the Currency.","In warehousing, a measurement of space available, or required, in transportation and warehousing.","The amount a doctor or other healthcare provider bills a patient.","End of Month, for example.","These include suppliers, customers, creditors, and investors.","Transport of goods between two places in the same country by a transporter from another country.","For the client, there is high incentive to pay early.","Compensating controls may be considered when an entity cannot meet a requirement explicitly as stated, due to legitimate technical or documented business constraints, but has sufficiently mitigated the risk associated with the requirement through implementation of other controls.","Your profile picture is used as the logo for your personal space.","See RADIUS, TACACS, and VPN.","Some definitions specify that drayage is the transport of goods in which both the trip origin and destination are within the same urban area.","Hard drives must be wiped before being transferred to Surplus so that information cannot be recovered.","Areas where commodities can be manufactured, modified or stored under specific customs regulations and generally not subject to customs duties.","Delivery right to the production floor of an item.","If you are a defendant and were unaware of any claim being made against you until following the judgment, you can apply to set aside judgment.","Our certified financial coaches will guide you through your credit report, answer questions, and give personalized guidance towards improving your score.","Prohibited cargo such as illegal drugs or unauthorized weapons.","Aided Planned Stowage and Networking system.","Internet address of a web page.","An unspecified maturity date for a financial instrument.","The third party is the lessor and the end user is the lessee.","The loan must be repaid when you die, sell your home, or no longer live there as your principal residence.","Net Assets Released from Restriction: Temporarily restricted assets are released to unrestricted to cover expenses.","Please select another program of interest.","Summary for customers of the transactions that occurred over the preceding month.","An independent agency that reviews federal financial transactions and reports directly to Congress.","The ratio of usable output from a process to its input.","An embargo enforced by a government against another country.","The point at which Accounting and Financial Management closes its books for the previous month and no more entries for the month may be posted so that the ending balances for the month will remain intact.","Contribution made by employees to total product revenue minus the material purchases divided by total employment.","The rope is a communication process from the constraint to the gating operation that checks or limits material released into the system to support the constraint.","These personnel may provide customer service or technical support.","The financial profit generated prior to the deduction of taxes and interest due on loans.","Synonym: Manufacturing Cycle Time.","Decisions or activities in part made at the expense of the whole.","Additionally, payment terms can be used to help businesses receive payments on a predictable schedule.","Insurance coverage for losses resulting from an act of war.","When you define a form control or menu that includes an acronym or abbreviation that contains the ampersand symbol, you must enter two ampersands rather than a single one.","The goal of ALADI is to harmonize trade across the member states.","The bank statement is usually issued by a bank on a monthly basis.","One party, for example a corporate trust company or the trust department of a bank, acts in a fiduciary capacity to the other one, who for example has funds entrusted to it for investment.","Official inventory records are created by the Inventory Processing Department.","Each check in encoded at the bottom with the dollar amount of the check.","An individual insurance policy which can be purchased to cover certain health care services and costs that are not provided by insurance.","Therefore, this discount helps both sides: offers a discount for the client and helps speed up cash cycles for the company.","United States federal law enforcement agency under the United States Department of Justice, tasked with combating drug smuggling and use within the United States.","GL for general ledger, DR for debit, CR for credit are examples.","Materials handling devices that include hand trucks and forklifts.","If you have a list of items in the description, then each one will be marked with an individual amount.","This amount represents an asset or an expense of the entity.","The value of the test statistic that divides all possible values into acceptance and rejection regions.","Students are required to sign a copy of the letter, indicating whether they accept or decline each source of aid, and return it to the financial aid office.","There are no recommended articles.","Purchase orders and other documents commit funds for future payments by creating encumbrance transactions, which remove funds from the free balances of accounts.","Communication between partners in the form of a structured set of messages and service segments starting with an interchange control header and ending with an interchange control trailer.","The weight of the packaging material used to wrap or protect the actual required material being shipped.","An organization which provides logistics services as an intermediary between the shipper and the carrier, typically on international shipments.","API, code library, etc.","The right to cancel a contract and restore the parties to the same position they held before the contract was entered into.","You can not unpublish a page when published subpages are present.","Method of accounting that recognizes revenue when earned, rather than when collected.","Type of malicious software that, when installed, forces a computer to automatically display or download advertisements.","Part of the hierarchical structure of EDI transmissions, a functional group contains one or more related transaction sets preceded by a functional group header and followed by a functional group trailer.","In this case the supplier not only manages the inventory, but also owns the stock close to or at the customer location until the point of consumption or usage by the customer.","Property Plant and Equipment, which is an asset owned by the business that cannot be easily liquidated.","The cost directly assignable to a particular unit of traffic and which a company would not have incurred if it had not performed the movement.","Carriers may interchange equipment but usually they rehandle the shipment without transferring the equipment.","Typically refers to a full container loaded with mixed cargo.","Each has the same legal import.","Benchmarking a product or service against competitors.","Will allow documents to process with service dates within the contract period.","Said differently, how much money will an investment net the business annually?","Funding opportunity announcements may be known as program announcements, requests for applications, notices of funding availability, solicitations, or other names depending on the Agency and type of program.","An inventory record keeping system where each transaction in and out is recorded and a new balance is computed.","This can include fraud alerts, but also notifications when a card is nearing its limit or is being used by another family member.","Sensiba San Filippo LLP.","They then act as a shipper, tendering the containers to ocean common carriers.","The network used to get a product or service from the manufacturer or creator to the end user or consumer.","The licensed physicians and other health care providers credentialed and privileged to provide medical care to patients in a hospital.","NDA is typically used in contracts with IC, vendors, and other businesses.","Overheads are the cost of things that are needed to manufacture an item or deliver a service but are not associated with just one product.","An index assigning various weights to various medical services.","Processes and procedures to review, test, and approve changes to systems and software for impact before implementation.","This refers to the period of time where a cardholder is allowed to pay the balance of a credit card bill without incurring interest charges.","The cost of credit on a yearly basis, expressed as a percentage.","Your search results will appear here.","See also House Air Waybill.","The company is willing to give a lower price in order to have cash more quickly.","Refers to mutual funds investing solely in money market instruments.","The variable cost associated with a particular output unit plus a common cost allocation.","Unlike factoring, the client retains control of their credit management.","Roller conveyors utilize gravity, whereas belt conveyors use motors.","Mumps is a contagious disease that is caused by a virus.","Payment terms provide clear details about the expected payment on a sale.","The type of average that indicates the most frequent instance of a number or happening.","For practical purposes, this means that neither the Employee nor the Taxpayer is protected from the failure of the employer to adequately fund the necessary contributions if they are to be able to make good on their promise of future benefits.","If you work in manufacturing, you know what this means.","The financial aid information page provides a searchable database of Title IV School Codes.","An agreement to deposit a stated amount in the bank for a fixed length of time during which a fixed rate of interest will be paid.","UPC codes are administered by the Uniform Code Council.","Thus limiting or regulating competition.","Security standard that immediately encrypts cardholder info at the initial swipe device, then securely transfers that information to the payment processor who in turn decrypts the data.","This form is most often used by freelancers and independent contractors.","This is a person whose husband or wife died during the tax year.","The total funds in all of your linked accounts, such as savings, checking and CDs.","You can not cancel a draft when the live page is unpublished.","DEFINE for a list of inventory contacts.","SA Services and Medicaid system.","The costs associated with managing inventory returned for any of the following reasons: repair, refurbish, excess, obsolescence, end of life, ecological conformance, and demonstration.","These are costs that change with the volume of sales and are the opposite of Fixed Costs.","The length of the key generally determines how difficult it will be to decrypt the ciphertext in a given message.","Dean or Vice President.","If you require further information please Contact Us.","Usually connected to a wired network, it can relay data between wireless devices and wired devices on the network.","You simply package the product and send it to your customer.","Please choose a School of study.","The shopping cart remembers which items are selected while the cardholder views other items within the virtual storefront, keeps a running total, and may calculate taxes and shipping.","Leverage can be financial or technological.","The only abbreviation I have ever seen anywhere is Cr.","Credits are made on the right side of an account.","Hide native select this.","Some businesses give customers a grace period of a few days after the due date before escalating the situation.","No credit card required.","The recorder may also include a description or miscellaneous information about the entry.","The point at which a third party has reinsurance to protect against the overly large single claim or the excessively high aggregate claim during a given period of time.","Medicare from a passive payer of claims to an active purchaser of care.","This refers to a bank that primarily provides business loans, underwriting, and other financial services to businesses.","The period of time for payment is unspecified.","Employees of state and local governments may be compensated in a variety of forms in exchange for their services.","If payment is delayed at any stage you can cease work to avoid risking further cost.","Costs associated with paying invoices, auditing physical counts, performing inventory accounting, and collecting accounts receivable.","The activities associated with the movement of material, usually finished goods or service parts, from the manufacturer to the customer.","The process by which patients are sorted or classified according to the type and urgency of their conditions.","The process of a supplier placing goods at a customer location without receiving payment until after the goods are used or sold.","This is not great for the customer.","The program you have selected is not available in your area.","An automated PO process helps speed up the process, improves communication and minimizes financial risks.","HABITThe debtor is to pay according to the customary terms ofpayment between the parties.","An LLC is formed by filing articles of organization with an appropriate state official.","United Nations Standard Products and Services Code.","This is simply the purposed price for your goods or services.","Funds provided by an external agency for which the university is contractually required to serve as custodian or fiscal agent on behalf of the external agency.","The term does not include a meal, lodging, or transportation expense; a personal expense; an expense that an individual would incur regardless of whether the individual were traveling on official state business; and, a tip or gratuity.","An accounting method of valuing inventory based on the ending inventory cost of the most recent material received and the cost of goods sold as the cost of the oldest purchases including beginning inventory.","Of course, this is more than offset by the benefits of having speedier cash cycles.","Average time from order release to manufacturing to the start of the production process.","Please enter your first name.","The rate established for transporting freight.","Each entity has a unique set of requirements, laws, and tax implications.","Medicare and Medicaid programs.","The individual on the department level who is responsible for managing inventoried assets.","Click here for Privacy Policy.","The transfer of the title of land from one person to the immediate preceding owner.","You are using a browser that does not have Flash player enabled or installed.","The cost of holding goods, usually expressed as a percentage of the inventory value; includes the cost of capital, warehousing, taxes, insurance, depreciation, and obsolescence.","The total amount in dollars of institutional financial aid grants awarded to students for the fiscal year.","Private fleets serve the needs of their owners, and do not ordinarily offer commercial trucking services to other customers.","Goods from different suppliers are picked, sorted, staged, or sequenced at the warehouse to assemble plant orders.","How Fast Is Money Deducted After Writing a Check?","Since shipping costs are required to be included in the cost of an item, they may also appear as an element of the item if paid separately.","To varying degrees, the logistics function also includes sourcing and procurement, production planning and scheduling, packaging and assembly, and customer service.","VAT that has been charged.","The physical quantity or amount that can actually be counted in storage.","Examples of issuing services may include but are not limited to authorization and card personalization.","Banking and Business Abbreviations for English Learners.","In just in time, any activity that does not add value to the good or service in the eyes of the consumer.","Local area network that links two or more computers or devices without wires.","The CSR policy may cover fundraising for charity, ethical behaviour, social and environmental policies, etc.","Office of Loan Programs denying a loan to a specific individual.","Overdraft Protection account at the time of the transaction.","Coverage includes barns, stables, other farm structures and farm inland marine, such as mobile equipment and livestock.","Serving one specific industry.","Excess or deficit of total revenues and gains compared with total expenses and losses for an accounting period.","Often refers to a freight rate that is usually higher than for a full carload.","In the United Kingdom and certain other countries, turnover refers to annual sales volume.","Loaded aboard a vessel.","On credit, also called on account, is an agreement for an individual or company to pay for a good or service at a later date.","General and Administration expense.","There are certain terms that you come across in the bank statement and you do not know about them.","Reasonable estimates founded in data were accepted as means to assess overall performance.","Activities associated with filling customer orders.","While these are useful basic terms to know, the ins and outs of payroll processing are far more complex and definitely require a more thorough knowledge.","Below is a full guide to creating an invoice for your small business.","The practice of identifying and analyzing loss exposures and taking steps to minimize the financial impact of the risks they impose.","Trucking companies which move full truckloads of freight directly from the point of origin to destination.","An international agency responsible for air safety and for standardizing air traffic control, airport design, and safety features worldwide.","Excluded are losses resulting from fire, explosion, flood or tidal wave following the covered event.","PCI is governed by the Payment Card Industry Security Standards Council.","It also confirms the actual shipment of goods on a line item basis.","The price that the seller quotes applies only at the point of origin.","In applications and network security, it is a tool for access control, information confidentiality, and integrity.","Any financial institution that issues bank cards to those who apply for them.","Data, under its own company name.","ACH Payments Can Benefit Everybody.","Check truncation eliminates the need to return canceled checks to customers.","Usually supply for this demand is provided at a premium price.","Loan funds are used by the borrower for education purposes.","Need a little help?","To pay someone an amount of money equal to an amount the person has spent.","Following these rules is especially critical for all publicly traded companies.","This information and any feedback I provide may be used to inform product decisions and to notify me about product updates.","For life insurance, this is the premium including dividends.","Types of expenses include fixed, variable, accrued, and operation expenses.","Person to whom property is transferred.","Institute; also Application Programming Interface.","You can avoid these in the future.","Enveloping is useful where there are multiple documents such as orders or invoices issued to a single trading partner that need to be sent as a packet.","Movement of products from one country into another.","For example, an ISP is a merchant that accepts payment cards for monthly billing, but also is a service provider if it hosts merchants as customers.","An event that might happen but that is not likely or planned.","Discount income less interchange expense.","The wholesaler or manufacturer gives a discount to the retailer at the list price or catalogue price.","Block cipher formed from the DES cipher by using it three times.","We use analytics cookies to ensure you get the best experience on our website.","Items are counted perhaps only once a year.","When it comes to banking and finance in general, it can often feel like everything is made much more complicated by a long list of acronyms and abbreviations.","The warehouse facility which holds inventory from manufacturing pending distribution to the appropriate stores.","Obtaining quotes from vendors.","Storage place for products.","Financial measure calculated by dividing profit by sales.","The dimensions of the balanced scorecard might include customer perspective, business process perspective, financial perspective, and innovation and learning perspectives.","Such requirements can include cost, quality, delivery, flexibility, maintenance, safety, and ISO quality and environmental standards.","Ownership and liens are recorded in the books of the trustee rather than evidenced by physical possession of the certificate.","The constant price of a product at all geographic locations within a zone.","This is commonly used when you are registered for tax in a country which you are not incorporated in, for example, you are a UK entity with French VAT ID but no French address.","Set of laws, rules, and practices that regulate how an organization manages, protects, and distributes sensitive information.","Transfers processed this year affect the beginning operating budget for the next fiscal year.","SEC does not include any false statements of amaterial fact or state material facts necessary in order to make the disclosures not misleading.","The most common place this word might be abbreviated is on a financial report or some similar accounting reporting.","Disguising illegally obtained funds so that they seem legal.","Accounts Payable include all of the expenses that a business has incurred but has not yet paid.","Granting or obtaining permission to produce or use something that another company or person has created or produced and holds the rights.","Making sense of the various terms contained in invoices can be frustrating.","Business combination of two or more entities that occurs when the entities transfer all of their net assets to a new entity created for that purpose.","Left unchecked, such mandates hold the potential to render many business models financially unsustainable.","The movement and storage of raw materials from supply sources to the manufacturing facility.","POP is a place where sales are made.","The ratio of the principal balance of a mortgage loan to the value of the securing property, as determined by the purchase price or Appraised Value, whichever is less.","The list may also indicate which components are manufactured and which are purchased from outside sources of supply.","The date an operation such as a receipt, shipment, or delivery of an order is planned to occur.","REMBURSThe debtor is to pay the carrier on delivery of the goods.","Medicare pays these companies to cover your Medicare benefits.","An externally funded research project undertaken at The University.","Accordingly, Sage does not provide advice per the information included.","FEHBP or Medicare and Medicaid programs.","Common carriers must serve, deliver, charge reasonable rates, and not discriminate.","As always, shoot us questions!","By means of electronic tenders, companies are seeking the cheapest or best provider for their lots to be awarded.","NAIC to identify those companies that are part of a larger group of insurance companies.","Unit cost measurement must be used with caution as it may not always be practical or relevant in all aspects of cost management.","This is not a guarantee of payment to the merchant.","Department of Transportation has determined to be capable of posing a risk to health, safety, and property when stored or transported in commerce.","View All Recent Articles.","Qualified Integrator or Reseller.","Excess of expenditures over revenue for a period or activity.","Many accountants choose to demonstrate their abilities and enhance their career opportunities by pursuing industry.","You could also make things clear and straightforward by indicating the exact invoice due date of when the payment must be made.","Work in process generally includes all of the material, labor, and overhead charged against a production order which has not been absorbed back into inventory through receipt of completed products.","Contributions of property and equipment are recorded at fair value at the date of donation.","Credits are accounting entries that either increase an equity or liability account or decrease an expense or asset account.","By calculating the present value of the cash flows, the IRR reflects the reinvestment income that the investor can earn from reinvesting those cash flows, at the same yield as the investment that generated them, during the life of the investment.","Operational expenditure, including costs of raw materials, consumables and supplies, personnel costs, depreciation.","SCEM is an application that supports control processes for managing events within and between companies.","This refers to the date on which a payment transaction is processed by an acquirer, the entity that processes transactions on behalf of the merchant.","Greek letter commonly used to designate the standard deviation of a population.","Reductions of actual quantities of items in stock, in process, or in transit.","Acronyms are common abbreviations used in the business world for forms like invoices, bills, and contract terms.","An inventory tag is affixed to these items when possible.","Internet address of a web site or resource on the World Wide Web, along with the protocol by which the site or resource is accessed.","We love to hear from you.","Development is the translation of research findings into a plan or design of new or improved products and services.","Net Margin is the percent amount that illustrates the profit of a company in relation to its Revenue.","The Social Security Administration is the government body set up by the Social Security Act.","It can be used by the purchasing department as a basis for procurement strategies.","It is calculated by taking Net Income and dividing it by Revenue for a given period.","See International Swaps and Derivatives Association.","Duties are those fees and taxes levied by government for moving purchased material across international borders.","It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading.","Buffer overflows are used by attackers to gain unauthorized access to systems or data.","Companies create trial balances to ensure the mathematical accuracy of their bookkeeping systems entries.","It is calculated by taking Revenue and subtracting all of the Expenses in a given period, including COGS, Overhead, Depreciation, and Taxes.","It is inevitable that such major improvements carry with them the burden of sustained, long term maintenance expense.","An extra or additional tax.","Negotiating to invoice them as you begin, or even backdated before you begin the work can circumnavigate their fixed system and help reduce your payment times.","Excess amount paid for a bond over its face amount.","Post a resume or job listing in our Career Center to connect with hundreds of employers or job seekers.","An encumbrance transaction created on a purchasing document.","Insolvency Practitioner that details the value of the debt owed in the event of a compulsory liquidation.","Mobile commerce applications involve using a mobile phone to carry out financial transactions.","For example: commodity codes, carrier codes.","Once you enroll in a plan, we become your personal advocates, working closely with you and your creditors to pay off debt in a timely fashion.","The authorities designated to collect duties levied by a country on imports and exports.","Therefore, all checks are now considered local.","The electronic document used to transfer inventory items from one unit to another.","Also known as Managerial Accounting.","The quantity of goods a company purchases or produces in anticipation of use or sale in the future.","Large companies who deal with thousands of invoices want their life to be as easy as possible and to avoid your email becoming lost it is recommended to use a legible subject.","An action for the recovery of property.","It presents a summary of total activity from the beginning to the end of the reporting period, including the resources flowing into and out of university funds and the effect on the net increase or decrease in fund balance.","Accounting entries made on consolidating statements in the process of generating consolidated financial statements.","You can add your own CSS here.","At a minimum, cardholder data consists of the full PAN.","Feel free to add any Banking related abbreviations to the following table.","Prospective financial statements that include one or more hypothetical assumptions.","Association Management services provided by Virtual, Inc.","In quality management, a small group of people who normally work as a unit and meet frequently to uncover and solve problems concerning the quality of items produced, process capability, or process control.","Wages and salaries are considered direct labor costs.","An ATM or cash machine that provides ATM cardholders with access to their accounts, but is owned and operated by an independent bank or financial institution.","For a comprehensive list of resources such as access forms, announcements, lender letters, notices and more.","Sometimes called the bottom line in business, net income appears as the last item in an income statement.","The country that will be the ultimate or final destination for goods.","To mitigate risk, financial institutions perform KYC checks by obtaining sufficient information that can be used to develop a comprehensive profile of the customer, such as proof of address and photographic identification.","Common examples of ACH transfers appear below.","This includes costs associated with invoicing, processing customer payments, and verification of customer receipt.","General rules governing how funds and supporting documentation must be handled by all University of Texas campuses.","The process used to imprint or inscribe MICR characters on checks, deposits, and other financial instruments.","Enter a valid TIN value.","Cost of a product plus the relevant logistics costs, such as transportation, warehousing, handling, etc.","Automated Clearing Services An electronic system to make payments directly from one account to another.","Such rates usually are higher than rates for specific commodities.","He covers banking basics, checking, saving, loans, and mortgages.","Interest rate swaps are often used in hedging.","The opportunity cost of holding inventory.","Prepaid cards are often reloadable.","The process of identifying, prioritizing, and aggregating, as a whole with constituent parts, all sources of supply that are required and add value in the supply chain of a product or service at the appropriate level, horizon, and interval.","Create custom markup this.","While it might take a little extra time to create the invoice, you should include a detailed description of what work you performed.","An unfunded mandate is perhaps best described as a government imposed requirement, restriction or regulation which results in additional direct or indirect costs for the employer or taxpayer.","The main difference between CIF and FOB is who is responsible for the products in transit.","Click on the letter to view terms beginning with that alphabet.","Specified Causes of Loss, Comprehensive, and Collision.","Failure to fulfill a specified requirement.","Deviation or difference between an estimated value and the actual value.","The following list of financial abbreviations will include abbreviations for business, banks, finance, and some of the abbreviations from the stock market.","Retroactive pay can apply to both hourly wages and overtime earnings.","The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.","Federal Reserve Banks in major cities throughout the United States.","The degree programs offered at AIU will not necessarily lead to the featured careers.","Conducting business electronically via traditional EDI technologies, or online via the Internet.","An example of this might be a membership or subscription based service, as their services are provided every month and are the same amount each month.","Discover how banking supervision works, which banks are supervised and what supervisory measures the ECB can take.","Any commodity shipped in this way is said to be in bulk.","An agency within the federal government that is responsible for regulations pertaining to food and drugs sold in the United States.","Unfunded Liabilities represent a distinct and separate class of liabilities.","The basic premise behind ERS is that all of the information in an invoice has already been transmitted in the shipping documentation.","The terms of trade that are agreed upon purchasing goods or services.","The driving compartment, engine and trailer are one unit.","The process of identifying and cataloging activities for detailed understanding and documentation of their characteristics.","The storage of goods in a warehouse owned by the company that has title to the goods.","The first six numbers identify the card network, the next set of digits signifies the cardholder, and the remaining digits are used for security purposes.","Such coverages would be included in other annual statement lines, if written individually.","Indirect costs include but are not limited to administrative support and operating costs for facilities.","The date on which a deed of trust is officially entered on the books of the county recorder in the county in which the property is located.","Federal Employer Identification Number as issued by the IRS; individuals can use their Social Security Numbers.","Vertical portal web sites are ones that cater to customers within a particular industry.","The movement and management of materials and products from procurement through production.","Ordering materials before the release of the formal product design.","One who has graduated from a college or university program of nursing education and has been licensed by the state.","To stay free, we rely on revenue from ads.","Adjustments are used by the Acquirer, or the entity processing payment transactions on behalf of a merchant, to address process disputes, duplicate charges, and other discrepancies.","Sage over the coming weeks?","Upside Flexibility: Principal Constraint.","Device that allows wireless communication devices to connect to a wireless network.","The seller agrees to deliver the goods to the dock alongside the overseas vessel that is to carry the shipment.","The risk that the failure of a market for a financial instrument, such as the commercial paper market, might trigger a bank funding crisis.","The unit that purchased the asset or currently owns it.","County Court Judgment has been paid in full.","Period of time between the acquisition of goods and services involved in the manufacturing process and the final cash realization resulting from sales and subsequent collections.","Often high costs or high levels of competition, linked to supplying a new product or service into a market.","Rate of product movement through a warehouse.","Everything external to the business that has an impact on how it operates.","EDI transmissions from sending trading partners and holds them in a mailbox until retrieved by the receiving partners.","Also known as Payment in advance.","What Is a Purchase Order and How Can It Benefit Your Business?","Designed with goal of providing data secrecy and data integrity between two communicating applications.","Debit and Credit Abbreviations?","Examples include but are not limited to animal shows; antique shows; arts and crafts; museums; and auto shows.","Human resources and accounting departments typically handle payroll, the total compensation a company pays its employees for a specific time period.","Agreement or contract between the customer and the service provider; definition of the mandatory standards to be met.","The time it takes for cash to flow back into a company after it has been spent for raw materials.","Note: If coverage for flood is offered as an additional peril on a property insurance policy, file it under the applicable property insurance filing code.","Master data management; aims at continuous optimization of data quality and data exchange between employees or departments.","Example business bank statement.","In a reverse auction, sellers compete to win the business by offering increasingly lower prices.","Financial statement presentation in which the current amounts and the corresponding amounts for previous periods or dates also are shown.","The last stopping point for a shipment.","Something spent on a specific item or for a particular purpose.","Terminology used to describe a truck trailer being transported on a railroad flatcar.","In addition to a salary, many employees earn benefits over their years of service that will not be received until after their employment with the government ends through retirement or other reason for separation.","Money market funds usually offer checkwriting privileges.","Try the Solution Finder.","There was an error unpublishing the page.","The unit of measure for a relative value scale.","The packing material used to protect a product from damage during transport.","Arises when a debtor queries all or part of an invoice.","Foreign Exchange also refers to the global trading market whereby currencies are virtually exchanged around the clock, with the largest centres being based in London, New York, Tokyo, and Singapore.","In calculating elapsed time for order fill rates, the interval begins at ship release and ends when material is consigned for shipment.","Valuation models form the basis.","AIU cannot guarantee employment or salary.","The fee charged to maintain a particular account, such as a checking or savings account.","The right to rescind does not apply to purchase transactions.","The amount can vary by the type of covered health care service.","Examiners evaluate bank activities and management processes to ensure national banks operate in a safe and sound manner and comply with laws and regulations.","Local service carriers are now classified as national carriers.","Detention is the same as demurrage except that instead of applying to delays in cargo, detention applies to delays in equipment.","Choose files to upload or drag and drop files into this window.","Electronic procurement is the generic term for the purchase of products and services via digital networks or platforms.","Also, the third section of a balance sheet, the other two being assets and liabilities.","Here, while there is an extended credit that acts as an incentive, it is still quite short.","Businesses and investors analyze financial performance over time by comparing different accounting periods.","Internet while protecting their internal information.","Security protocol created to secure wireless networks.","The GOP bill would go further, prohibiting the use of new federal tax credits to purchase any plan that covers abortions.","CDs are not securities and are not registered under securities laws.","If these limitations are met, CIFs are exempt from SEC registration and reporting requirements.","It is intended to prevent unauthorized use of the card while accessing a financial service terminal.","Entity, typically a financial institution, that processes payment card transactions for merchants and is defined by a payment brand as an acquirer.","Method of valuing a project, company, or asset using the concepts of the time value of money.","The code is uniquely associated with each individual piece of plastic and ties the PAN to the plastic.","Process of changing cryptographic keys.","What Is the Difference Between CIF and FOB?","Mart has a request for their own product codes to be applied to retail boxes prior to shipment.","The aggregate of money owed by the health care practice or hospital to its suppliers and employees.","List of Important Banking Abbreviations is given below: Terms.","FDIC Consumer News Need to Stop a Payment?","Also, other amounts paid by stockholders and charged to equity accounts other than capital stock.","Confirm are registered service marks of the National Association of Insurance Commissioners.","The start date is not necessarily the date on which the contract is signed, but the date on which it comes into effect.","What Is a Human Resource?","In theory of contraints, performance measurements that link causally to organizational performance measurements.","Click the link to create a password, then come back here and sign in.","The act of deciding whether to produce an item internally or buy it from an outside supplier.","An invoice would be a liability, as would a business loan or a factoring fee.","VIP Direct Gift Entry Web page to track gifts that were solicited from donors.","Purists might also contend that a standard format is one that is approved by a national or international standards organization, as opposed to formats developed by industry groups or companies.","Record Series number in the Records Retention Schedule.","Systems that allow bank customers to effect transfers of funds from their deposit accounts and other financial transactions at retail establishments.","These means may include EDI, brokered systems, or linked electronic systems.","Its purpose is to enhance the development of the logistics and supply chain management professions by providing these individuals with educational opportunities and relevant information through a variety of programs, services, and activities.","The written contract between merchant and acquirer that details their respective rights, responsibilities, and warranties related to the processing of payment transactions.","Compliance with aspects of contractual agreements or regulatory requirements related to audited financial statements.","Costs which do not fluctuate with business volume in the short run.","The bill of lading issued by air carriers to their customers.","Common Vulnerability Scoring System.","The breakdown of the work in an activity into smaller elements.","Net tuition; special course fees charged under TEX.","Risks along the supply chain must also be identified.","Fund that limits its investments to a particular sector of the marketplace.","FOB is a common agreement for international shipping.","Social Security Act that authorizes and details the parameters of the Medicaid Program.","Competing sellers or suppliers bid for to be auctioned goods, services, etc.","Demand management is the process to plan and forecast the demand for goods or services in a supply chain.","To free a piece of real estate from a mortgage.","Dividing customers into groups based on specific criteria, such as products purchased, customer geographic location, etc.","An activity may have multiple cost drivers.","Compensation for the injured party is equal to the difference between the losses incurred and the liability covered by the motorist at fault.","The date the compensation committee or board took action to grant an award if theat date is different than the actual grant date.","Your transaction list will be updated throughout the day.","It is allowable after all additional requirements are met.","For example, the number of quality faults by frequency of occurrence.","COD is a billing term that requires payment when an item is delivered.","Net working capital is the difference between current assets and current liabilities.","This is calculated by deducting current liabilities from current assets.","Once the customer enters the receipt, the invoice will be matched against it.","Buyers of real and personal property and mortgage lenders rely upon the coverage to protect them against losses from undiscovered defects in existence when the policy is issued.","These are the rules that all accountants abide by when performing the act of accounting.","Railroad loans that the federal government cosigns and guarantees.","The specific geographic area for which a particular institution is responsible.","The cargo carrying capacity of a vesel, including fuel oil, stores and provisions.","Such programs include the Perkins Loan, Supplemental Education Opportunity Grant and Federal Work Study.","All property owned by or leased to the Government or acquired by the Government under the terms of the contract.","Some inverse floaters may be a type of structured note.","Once authorised, the acquirer completes the processing of the transaction by arranging for the transaction to be settled.","Loan fees, if applicable, may also be included in the COA.","Computer language used to create, modify, and retrieve data from relational database management systems.","Gross profit, also called gross income or sales profit, is the profit businesses make after subtracting the costs related to supplying their services or making and selling their products.","Must not alter options, thus extending a fresh object.","Such events are disclosed in the notes to the financial statements.","An Enterprise Resource Planning, or ERP, system is business process management software that provides an enterprise with a series of integrated applications for managing its business operations and automating many back office functions related to technology, services, human resources, and more.","Contracts are an undervalued area for digital transformations.","Certain transactions are added to your transaction list overnight eg, paper items like cheques you write out.","This guidance will help you to understand any abbreviations or other terms in the information we send you.","Avoids excessive exposure to any one source of risk.","FOB is important for small business accounting because it sets the terms of the shipping agreement.","She is passionate about helping other entrepreneurs and business owners achieve success.","How Long Should I Give Someone to Pay an Invoice?","Total cost to manage order processing, acquire materials, manage inventory, and manage supply chain finance, planning, and IT costs as represented as a percent of revenue.","How often have you ended a call with your accountant feeling more confused than you were before it started?","They describe how responsibility is allocated between the seller and the buyer for different parts of the transaction.","Importantly, the ARC is intended merely as a reference number or target, reflecting that amount that should be set aside and invested, annually, if a given jurisdiction is serious about liquidating the unfunded liability over the period established.","It contains advertisements, stories, articles, and essays by various writers.","The coupon rate is based on a formula using an index and moves in the opposite direction of changes in that index.","Our coaches can help you obtain the certificate you need to file for bankruptcy or discharge debts in bankruptcy.","The process of routing a payment transaction to the acquiring bank most likely to approve a transaction, based on specific criteria, designed to minimize the convenience of declines.","Costs are reduced by the process of receiving a product and shipping it out immediately without putting it into storage.","When two or more persons or organizations gather capital to provide a product or service.","Federal Reserve since it defines price risk as a separate risk.","The business objects which are agreed on and shared throughout the enterprise.","For some checking accounts, the combined balance determines whether you may avoid the monthly fee.","Please try again with a valid file.","Not elsewhere classified, not elsewhere specified.","See also Payment Processor.","ACH is a tool that helps with direct deposit and automatic bill payments.","Loan payments by equal periodic amounts calculated to pay off the debt at the end of a fixed period, including accrued interest on the outstanding balance.","Deposits not yet credited on the bank statement.","University of California Home Loan Program.","How Much Is Too Much Information?","Also called Dangerous Goods.","Accounts with status C, D, or I that have zero balances are not rolled over.","Indirect costs are those that are incurred for common or joint objectives and therefore cannot be identified readily and specifically with a particular sponsored project, instructional activity or any other institutional activity.","The maximum assistance amount is indexed based upon salary increases for faculty.","Blockchains are decentralized, in fact copies are stored across multiple computers, and then synchronized as needed, allowing markets to track and verify transactions without the need for central bookkeeping.","Is your company sitting on a massive liability?","All functions that make up the supply chain are managed as a single entity rather than managing individual functions separately.","Refer to the QIR Program Guide on the PCI SSC website for more information.","DSS Program Guide for details.","The average number of patients per day in a hospital over a given period of time.","Dr, and Credit as Cr.","Having Issues with Seeing this Page Correctly?","Nurses usually obtain the associate degree at a junior or community college.","The total number of lives insured, including dependents, under individual policies and group certificates.","Debt is common and manageable.","Are there any important financial terms or abbreviation missing which you think should be listed here?","Funds appropriated under the General Appropriations Act.","Sustainability refers to societal efforts that meet the needs of present users without compromising the ability of future generations to meet their own needs.","Most banks use BIC but SWIFT is needed for payments from the US and Canada.","The use of computers to model design options to stimulate their performance.","The total cost of goods for a buyer including transportation costs and import duties.","These transfers often include payroll direct deposits.","The person making the oath implicitly invites punishment if the statement is untrue or the promise is broken.","To calculate ROI, subtract the cost of investment from the current value of investment, and divide that by the cost of the investment.","Any additional cost incurred through the rental of a special use facility that is not already incurred for other university activities.","For a comprehensive list of resources such as forms, announcements, lender letters, notices and more.","For example, a computer manufacturer may use an RFP to solicit proposals from suppliers of third party logistics services.","Operationally Critical Threat, Asset, and Vulnerability Evaluation.","This reduces the requirement for sellers to register for VAT in the country where the supply is made.","The buffers establish the protection against uncertainty so that the system can maximize throughput.","This guide can help business professionals identify what type of accounting method to use for their companies and understand which types of financial records they must maintain to meet their financial and legal obligations.","How are revisions managed?","Pertaining to the descriptive or nontrade name of a drug or other product; for example, diazepam is the generic name for Valium.","Tax is tacked onto bills and invoices.","Ask your customer for the name and contact details of the person in accounts who will be making your payment.","This reflects the endowment spending policy for the fiscal year that is to be spent from endowment earnings to cover normal operating activities.","Water carriers that transport freight between East and West Coast ports, usually by way of the Panama Canal.","Is Inventory a Marketable Security?","By continuing to browse this site you agree to the use of cookies.","DR stands for money owed.","Determining payroll includes keeping track of hours worked, distributing payments, and separating out money for Social Security and Medicare taxes.","Refurbish Begin to Product Available for Use.","Approval must be obtained prior to shipment.","The value that a firm has as an entity, as opposed to the sum of the values of each of its parts taken separately; particularly important in determining a reasonable railroad rate.","Rate assigned when you open a CD account.","Balanced scorecard in procurement helps managers and teams keep track of execution of activities and the consequences arising from these actions.","This knowledge is then applied to achieving specific business goals.","Adequate network segmentation may reduce the scope of the cardholder data environment and thus reduce the scope of the PCI DSS assessment.","The difference between the actual materials costs incurred and the standard costs of those items.","One example of a transaction is the process that takes place when a consumer makes a purchase at a retail store using a credit card.","In most circumstances, resident aliens can only be employed by organizations or companies that have sponsored their admission into the United States.","An example of this would be a married filing separate taxpayer.","This Glossary will help you to understand meanings of abbreviations used in SAP Documentation, Program names, the very Banking area, etc.","This term is often used in defining the timeline of a payment transaction, such as the number of days that will expire before funds will be deposited in an account after a transaction is initiated.","The first two digits indicate account group; the first eight digits indicate budget group; and the last two digits indicate subaccount.","IBAN International Bank Account Number Usually required for international money transfers.","The simplest version is the ratio of net income to total assets.","Similarly, customers may be more willing to offer business if the company is not too strict about getting paid on time.","State laws that regulate the ISSUANCE of SECURITIES.","Our experienced financial coaches work with people in all stages of their financial life, including the challenging decision of bankruptcy.","Harassment, bullying, aggression and other bad behaviors occur when the culture facilitates the opportunity for them to occur.","Confirm whether controls have been placed in operation.","This includes commercial banks, thrifts, federal and state savings banks, saving and loan associations, and credit unions.","In the case of larger adjustments, it must be clarified whether the changes can be handled via existing contracts or whether a new tender must be issued.","FOB also determines when a business will record a sale for accounting purposes.","They identify the manufacturer as well as the item, and are included on virtually all retail packaging.","See other comprehensive basis of accounting.","The sequence of customers who, in turn, consume the output of each other, forming a chain.","Placing a container in a position from which it can be loaded or unloaded.","Are you sure you wants to delete the affinity item?","Computer output printed on paper.","Forty cubic feet; used in water transportation ratemaking.","Check out this list of financial terms and abbreviations included with its full meaning and what it is used for.","Do you have potential transfer credits?","They can refer to when the payment should be made, but also how and under what conditions.","Use the citation options below to add these abbreviations to your bibliography.","This refers to all incoming payments, incoming bank transfers or amounts that are collected from another account by direct debit.","Legal principle limiting compensation for damages be equivalent to the losses incurred.","In purchasing it usually refers to a form that is received from a supplier that accepts or sometimes modifies the purchase order.","Examples of expenses include office supplies, lease for the place of business and employee wages.","Data encryption is the process of securing sensitive data, such as credit card information, by transforming that data using an algorithm to make it unusable to anyone except those possessing special knowledge, referred to as a key.","Special number that all students need to gain access to their account information over the phone.","Bank statements have a crucial role in your lives because it decides.","The place where costs are incurred and the service is provided.","Beyond when the payment is expected from the customer, payment terms can include other elements of a sale such as discounts for early payment.","An estimate of sales, oftentimes phased, for a grouping of products or product families produced by a facility or firm.","Level Database Encryption is used to encrypt contents of specific files or columns.","Businesses need to be especially vigilant about monitoring for fraud.","May include surgical benefits for injury or sickness associated with the eye.","What is the meaning of debit?","Arab Bank for Economic Development in Africa.","EDI management software function that groups all documents of the same type, or functioal group, and bound for the same destination into an electronic envelope.","Phases of the development of a software or computer system that includes planning, analysis, design, testing, and implementation.","Interpolated values are not always correct, but they are usually close enough for most users.","Individual who has died.","Failure to meet any financial obligation.","This refers to a bank account where money can be deposited and withdrawn by the account holder.","For official inventory records, this number corresponds to the number on the inventory tag attached to the equipment.","Once canceled, a check is no longer negotiable.","See index amortizing note.","If not, the normal terms apply.","In a payment system, this is a financial institution or company that provides some banking services, but does not offer a full array of retail banking services and does not have the legal status of a bank.","The interest calculated on a minimum or average daily account balances; usually credited to the account once a month.","An individual or organization who helps a shipper navigate customs requirements.","Two Mexican and two Canadian railroads would also qualify, if they were US companies.","Current assets include all assets a company expects to use or sell within one year.","For example, a booth at a conference or convention is a temporary place of business.","Join one of the best places to work.","CT Monday through Friday.","Starting with unprocessed raw materials and ending with the final customer using the finished goods, the supply chain links many companies together.","Expenditure identified with goods or services acquired and measured by the amount of cash paid or the market value of other property, capital stock, or services surrendered.","The port where the cargo is loaded onto the exporting vessel.","Income Protection and Revenue Assurance.","Often refers to a freight rate that is usually higher than for a full truckload.","The invoice due date is another term used for the date the payment is due.","See systemic liquidity risk.","The object of such a provision is the avoidance of petty claims.","Training to help people with speech and language problems to speak more clearly.","Accounts Payable categorizes what your business owes and to who.","It requires the customer to put money upfront before even inspecting the goods for errors or quality.","Also, banks usually charge a counter fee for depositing cash.","Its objective is to increase picking efficiency and reduce warehouse handling costs through optimizing product location and balancing the workload.","Supplier management comprises all systematic activities related to evaluation, selection, development and strategic integration of suppliers at different levels of the value chain.","The movement to the customer may be direct from the factory, or the product may move through a distribution network owned by your company.","This may be different from the party being billed for the shipment.","Designates must also have at least three years experience in the insurance business or related field.","An infection involving any part of the urinary system, including urethra, bladder, ureters, and kidney.","Accruals or Accrued Expenses, such as interest on loans.","Using GAAP can improve the consistency and transparency of financial reporting across organizations.","Whether these accounting terms stimulated your interest in the field, revealed areas requiring supplemental financial education, or affirmed your desire to pursue an accounting career, you can choose from plenty of options.","All funds collected at the institution that are not appropriated educational and general funds.","CMA Accounting: What Is It and How Do You Become One?","The location at which a transaction takes place.","In larger companies, there are dedicated Category Managers as domain experts for managing spend in specific strategic categories.","ASSETS whose use in whole or in part is restricted for specific purposes bound by virtue of contracted agreements.","The effective management of all costs associated with logistics functions and activities so as to minimize their sum across the product supply chain.","An accounting method in which indirect costs are assigned to activities used in the production of a product or delivery of a service.","American Production and Inventory Control Society, Inc.","Minimizing the number of pieces of paper floating around with your bank account information.","PARTSThe debtor is to pay in instalments, each corresponding toa fraction of the total amount due.","An entity that offers prepaid, comprehensive health coverage for both hospital and physician services with specific health care providers using a fixed fee structure or capitated rates.","Document containing description of goods that are part of common carrier freight shipment.","Buyers can gain insights into the books of their suppliers, see their cost structure and calculations which should strengthen their partnership.","This piece of ad content was created by Rasmussen University to support its educational programs.","IP packets in a communication session.","The home itself will be the source of repayment.","An exception is usually related to shortage or damage of goods.","Sometimes the time gets away from your customers, and they forget to pay you what is owed on time.","Country where goods were originally manufactured.","The weight of a substance obtained by deducting the weight of the empty container from the gross weight of the full container.","The typical policy does not include flood or earthquake coverage.","In payments, this refers to dishonest means to perpetrate false or illegal transactions, including account takeovers, identity theft, card counterfeiting, and other illicit schemes.","XML tags give instructions to a browser or to application software which help to define specifics about the category of information.","Stands for empty repositioning; refers to the movement of empty containers.","ASHE members include health care facility managers, engineers, architects, designers, constructors, infection control specialists, and others.","Join Paycor and employment attorney Julie Pugh as we deep dive into the importance of performance management, including.","Was this article helpful?","Students may give this special number to other people if they want them to have access to their personal information.","Fulfillment includes order management, picking, packaging, and shipping.","The import of automobiles from Germany into the US is an example.","Fiserv is a registered trademark of Fiserv, Inc.","Exemptions also are granted to taxpayers for their dependents.","Port where vessel is off loaded.","High or low risk candidates may qualify for extra or discounted rates based on their deviation from the standard.","Customs orders shipments without entries to be kept in their custody.","The process of sending batch deposits to Merchant Services for processing.","In the payments value chain, the card issuer pays the acquiring bank for purchases of goods and services that the cardholder makes.","For details on other Government exams, refer to the linked article.","But far more common is Dr.","Packages loaded onto a pallet, in a crate or in some other way that allows for the goods to be handled as a single unit.","Sampling may be used by assessors to reduce overall testing efforts, when it is validated that an entity has standard, centralized PCI DSS security and operational processes and controls in place.","The notion that supply chain partners form a larger entity which works together as though it were a single unit.","In general transportation, the logical route between the point of shipment and the point of delivery used to analyze the volume of shipment between two points.","Scenario in which a distributor stocks an item according to an inventory UOM, such as a case, and prices the item according to a unit price UOM, such as pounds or kilograms.","TL or CL rate; the rate discount volume.","Profit earned by a capital investment or other type of security.","The only thing she loves almost as much as crafting content as an Editorial Intern at The Muse is studying content as an English Major at Columbia University.","Insolvency Practitioner, appointed by the court under an administration order, to ensure the proposals in the order are carried out.","The amount invested in a proprietorship, partnership, or corporation by its owners.","One who sells goods for several firms but does not take title to them.","Medical Professional Liability is also known as Medical Malpractice.","For example, individuals performing assessments are organizationally separate from the management of the environment being assessed.","Calculations have been performed for appropriate finance charges, minimum payment due, and new balance.","The act of evaluating and setting the value of a specific piece of personal or real property.","The physical plant, distribution centers, service centers, and related equipment.","The means by which an investment or project is evaluated financially.","This occurs in the same calendar month and day each year thereafter on any MOP Promissory Note.","Thanks for signing up.","Interest rate risk has four components.","When in doubt, please consult your lawyer tax, or compliance professional for counsel.","The promissory note may or may not accompany other instruments such as a mortgage providing security for the payment thereof.","The amount on which a customs duty is calculated.","Most banks charge a fee for this service.","Revenue Harvest act as Seller Bank.","Terms that describe how money will be paid in a transaction.","Invest Northern Ireland, is the official online channel for business advice and guidance in Northern Ireland.","The wide variety of terms that relate to the process of moving goods through a supply chain may seem overwhelming.","The arrangement of components as specified to produce an assembly.","The flexibility of being able to obtain the cash value of investments without incurring significant loss.","Academy of Accounting Historians.","An asset class is a group of securities that behaves similarly in the marketplace.","These definitions represent a common or general use of the term.","Usually required by the buyer in order to obtain an import permit or letter of credit.","Center JWID Joint Warrior Interoperability Demonstrations K KAR Key Accounting Requirement KARS KODAK Automated Retrieval Systems KCT Kansas City Terminal KCT Domain designation for DFAS Kansas City, MO.","The restoration of the primary residence.","There was an error cancelling the draft.","SHEET, the other two being assets and liabilities.","The activity of defrauding an online account holder of financial information by posing as a legitimate entity.","Terms such as cost, amount, delivery, payment method, and when the payment is expected or due.","The Polymer Project Authors.","Health care consultation and education using telecommunication networks to transmit information.","The Book Value shows the original value of an Asset, less any accumulated Depreciation.","CD is a deposit obligation of the issuing bank and is often sold through bank branches and affiliated and unaffiliated brokers.","Unless we introduce these type of discipline in banking system, we cannot expect improvement in services.","Why Is Depreciation Estimated?","If a reasonable person could not reach such a conclusion regarding a particular misstatement, that misstatement is more than inconsequential.","It can include elimination of compounds that are hazardous to the environment.","Maverick buying often expensive and inefficient.","How well a solution to a problem will work when the size of the problem increases.","If you have any queries do not hesitate to contact me.","The Balance Sheet is one of the two most common financial statements produced by accountants.","If a quoted market price is available, the fair value is the product of the number of trading units times market price.","Different types of accounts and loans pay or charge different rates of interest.","This score represents the answer from a mathematical formula that assigns numerical values to various pieces of information in your credit report.","Scrap is typically not planned and may result from the same production run as waste.","Update to existing software to add functionality or to correct a defect.","When critical files or logs are modified, alerts should be sent to appropriate security personnel.","Prospective students can use the directory of terms to familiarize themselves with basic concepts.","University appointees who are members of the Academic Senate or who hold equivalent titles and Acting Assistant Professors.","The document which describes a business transaction to be performed.","The costs associated with acquiring the defective products and materials for repair or refurbishing items, plus any finance, planning, and information technology costs to support return activity.","This accounting dictionary includes dozens of important basic accounting terms.","Employee negligence is determined by the unit administrator and documented in a police report for stolen items or a summary of events for missing or damaged items.","This is strictly supplemental coverage and cannot duplicate any benefits provided by Medicare.","This form indicates the name of the school, the activity of the participant, and the dates of stay.","Also, legislation in many states requires compliance with GASB standards, and governments usually are expected to prepare financial statements in accordance with those standards when they issue bonds or notes or otherwise borrow from public credit markets.","Cost avoidance are any actions taken to avoid future costs.","Especially in China, some suppliers rely on high MOQs because they often have lower profit margins.","The purchasing department hopes to get the best price or supplier.","Social Security Act that authorizes and details the parameters of the Medicare Program.","List of common banking and business abbreviations explained for English learners, especially those interested in English for special purposes.","For example, managers and executives are accountable for business performance even though they may not actually perform the work.","The last two digits of an account number, used to divide a budget group into categories, such as salaries, equipment, scholarships, or other expenses.","Tips on productivity, collecting payments and growth delivered straight to your inbox.","Have lots of questions about money or need help with banking?","An electronic identifier intended by the person using it to have the same force and effect as the use of a manual signature.","In procurement, the bottleneck refers to a weak spot point where high potential supply risk may occur.","Have You Tried Ask Poli?","The term refers to the statistical measurement of standard deviations from the mean of a set of values.","Callie is the Content Manager at Collegis Education, overseeing blog content on behalf of Rasmussen University.","Apart from a letter of credit, he is required to submit all the documents that prove he has met his obligations.","The conversion of working days to calendar days is based on the number of regularly scheduled workdays per week in your manufacturing calendar.","What are the abbreviations for Debit and Credit?","Variable costs go up when production increases and down when production decreases.","Same price for each unit of the product.","The material and informational interchanges in the logistical process, stretching from acquisition of raw materials to delivery of finished products to the end user.","Most countries have at least one ACH which provides a fully automated way of collecting and settling payments; effectively, the ACH provides a secure electronic network to allow banks and financial institutions exchange to information.","Quality control is usually carried out in spot checks.","An inventory control system that controls material flow into assembly and manufacturing plants by coordinating demand and supply to the point where desired materials arrive just in time for use.","UNCITRAL may, in the future, initiate work onterms of payment used in international trade in order toestablish standard terms whereby the conditions would bedescribed.","Whenever the seller or exporter is in urgent need of money and buyer is unable to pay, then the LC can be used to get the payment from the bank.","Abbreviations on bank, credit card or utility statements: ABBREVIATION: WHAT IT STANDS FOR: DESCRIPTION: APR: Annual Percentage Rate: A rate of interest payable over a year.","The purpose of the conference is to standardize shipping practices, eliminate freight rate competition, and provide regularly scheduled service between specific ports.","For invoices issued in a foreign currency or a foreign language, then you must show the VAT payable in sterling, if the goods or services are supplied in the UK.","With the optimum order quantity, the sum of the ordering and storage costs for a given service level in the planning period is as low as possible.","The power of a sovereign government to take property for a necessary public use.","Examples of direct costs categories may include raw materials, machinery and labor costs directly linked to production.","In manufacturing, the length of time from the purchase of raw materials to the collection of accounts receivable from customers for the sale of products or services.","This is a comprehensive online repository of updates and educational resources providing latest information regarding EMV adoption.","See also Hashing and Rainbow Tables.","Also known as local funds.","Regulations of federal agencies adopted under authority of laws enacted by the United States Congress.","Fixed costs may include insurance, rent, and interest payments.","Both numbers can usually be found on your business bank statement or by asking your bank.","This is more risky for the customer.","However, the disallowed loss is not permanently lost.","Network communications protocols designed to secure the transmission of data.","The main drawback for consumers is that setting up ACH provides businesses with direct access to your checking account.","Abbreviation for Request for Proposal.","The same as supply chain management, but with an emphasis on consumer pull versus supplier push.","An individual who signs the note of another person as support for the credit of the primary signer and who becomes responsible for the obligation.","For example, if a company produces a product and sells more of that product, they will require more raw materials in order to meet the increase in demand.","What liabilities exist in your community?","Also known as receivable processing, remittance processing refers to the processing and clearing of payments associated with consumers paying their bills.","Starting and maintaining solid, professional accounting practices is essential for the growth of a business.","Measles is a very contagious disease caused by a virus.","Property acquired by a married couple, or either spouse in a married couple, during marriage, when not acquired as the separate property of either.","Before choosing a product or service, please make sure you have read and understood all terms and conditions provided.","Costs of activities not directly associated with producing or delivering products or services.","Board of Nursing to practice nursing in a specified area of advanced nursing practice.","Customers may also individually buy keyboards, monitors, and CPUs.","As determined by a physician or psychologist, a person who lacks capacity to make or communicate mental health treatment decisions.","TLS, IPSEC, SSH, HTTPS, etc.","Concept which directs the least favorable effect on net income.","The time between the date when a check is deposited to an account and the date the funds become available.","The UK Cards Association is a trade body for the card payment industry, representing card issuers and acquirers.","In accounting, what is the meaning of cr.","Fixed asset accounting is no exception.","Anything the company owns that has monetary value.","An endowment is a permanently restricted net asset in which the principal is invested and a portion of the investment earnings are spent.","An inflationary statistic that measures the cost of all purchased health care services.","You can also start a LIVE CHAT session to place an order without any hassle.","Your continued use of this website constitutes your acceptance of these terms and conditions.","Consideration in the form of money paid for the use of money, usually expressed as an annual percentage.","FACULTIMO; INVULTIMOThe debtor is to pay on the last day of the month of receiptof the invoice.","Literally means on the words of no one.","The Container Selector where the Content of Ajax will be injected.","The purchasing plan for a family of items.","Are you sure you want to delete your comment?","Designations include FOB Shipping Point or FOB Destination.","Why are some plastic cards called debit cards?","Referring to an area within a warehouse or yard that is fenced and gated.","Combining two or more shipments in order to realize lower transportation rates.","The fixed costs are usually allocated to units of output on the basis of direct labor hours, machine hours, or material costs.","The base frame of a wheeled vehicle, used to secure a container prior to movement.","Statutory rules also govern how insurers should establish reserves for invested assets and claims and the conditions under which they can claim credit for reinsurance ceded.","Also known as network masquerading or IP masquerading.","Merchandise carried by a means of transportation.","The movement of both regulated and exempt commodities in the same vehicle at the same time.","ROI helps investors choose the best investment opportunities.","The file you selected is too large.","How to review a financial model?","Waste production can usually be planned and controlled.","In order to edit the bank statement, you should have complete knowledge about each and every term that is on a bank statement.","End of the Month.","The consignee does not pay the freight charge if the cargo does not arrive at the destination.","It shows the operating results of your business.","You have been selected, what next?","Used in a team environment to identify the skills required by the team and which team members possess those skills.","Get invoices paid faster.","Liquid assets can easily convert to cash in a short timeframe.","Network established and operated by a third party telecommunications provider for specific purpose of providing data transmission services for the public.","Notify me of new posts by email.","External business partners that take over for example transport and storage for their customers.","Includes marketing, communication, customer service, sales, salaries and commissions, occupancy expenses, unallocated overhead, etc.","The first two digits of an account number.","Removing cargo from a container.","What Does Credit Mean?","Thanks, glad you found this useful.","The message header segment also carries the message type code, which identifies the business transaction type.","Priority is given to students who have exceptional financial need and are Federal Pell Grant recipients.","Calculated on the basis of original cost adjusted, as appropriate, for accrual of discount or amortization of premium and for depreciation.","Parts and subassemblies in the process of becoming completed finished goods.","The process of paying off an existing loan and establishing a new loan.","Individual or company that employs longshoremen and contracts for the loading and unloading of ships.","It seems every industry has its own secret language.","Before you start working with a client or sell them any products, both of you should agree on payment terms.","All materials which are used to satisfy demands.","See also: Equipment ID.","In the context of shipping, malpractice refers to situations in which a carrier illegally gives preference to a customer in order to attract their business.","Antonym: Last In First Out.","The federal government provides the university with a fixed annual allocation, which is awarded by the financial aid administrator to deserving students.","See Master Air Waybill.","Acceptance may be in writing or by performance, unless the purchase order requires acceptance in writing.","The longer the term, the better the yield on the money.","SAP book value plus accrued interest and reduced by any valuation allowance and any nonadmitted adjustment applied to the individual investment.","The framework agreement lists rights and obligations and other regulations, such as terms of delivery and payment that apply to all individual contracts also in the future.","Again, this period is dependent on your inclination and what you think is best for your company.","The draft was successfully deleted.","And they must be filed timely or the y may not be considered as filed.","Using credit cards is one way of buying on credit.","See solvency and solvency risk.","An intermediary that sells intermodal services to shippers.","Medicare and Medicaid programs, vision only and dental only business.","Click Insert to reinsert the template reference.","They are maintenance materials, spare parts, tools, operating supplies, but also office supplies, etc.","EDI transactions that are sent to the same location in the same transmission, and are identified by a functional group header and trailer.","The difference between exercise price of the option and the price of the underlying.","The individual regulations in FLSA may, under certain circumstances, be superseded by state and local laws.","Maintained by electronic office managers.","Income that a business can count on receiving every single month.","Please correct the errors and submit again.","This is due to the assumed rate of return and inflation.","An allowance, based upon distance, that railroads give to shippers using private railcars.","Costs that increase or decrease in direct proportion to the number of units produced.","Do you have a list of statement abbreviations?","The process by which the payee transfers ownership of a CHECK to a bank or another party by writing his or her name on the back of it.","Indeed is not a career or legal advisor and does not guarantee job interviews or offers.","ETA is a term that is often used in contracts to state when a project is due.","Computer Emergency Response Team.","The grouping of shipments to obtain reduced costs or improved utilization of the transportation function.","There are many different types of IRAs but Roth, Traditional and Rollover IRAs are the most common.","Enter a valid EIN value.","Many businesses create invoices when they ship goods, starting the clock for payment terms on the date the order was shipped.","Revisions or complete elimination of economic regulations controlling transportation.","Right to purchase or sell a specified number of shares of stock at specified prices and times.","Arrangement in which one party borrows or takes possession in the present by promising to pay in the future.","Work performed by people, equipment, technologies, or facilities.","Students pursuing careers in accounting and business owners considering hiring accountants may find the information in the following section useful.","European Guidelines for Trade Data Interchange.","You can close this window to return to the previous page, or you can close the new window after you leave.","The POI may be attended or unattended.","National Association of Insurance Commissioners used to prepare statutory financial statements for insurance companies.","This can include the fraudulent conversion and obtaining of money or property by false pretenses.","The quality data at times affect the control parameters that are used to meet product specifications, either dynamically or offline.","Logging journal entries is a task that business owners sometimes take on.","Our certified financial coaches are standing by ready to answer your questions, provide guidance, and help you reach your financial goals.","Consolidation can occur by market area grouping, grouping according to scheduled deliveries, or using third party pooling services such as public warehouses and freight forwarders.","Summary of the effect of revenues and expenses over a period of time.","Transferring money between accounts and paying for purchases are electronic commerce applications.","Accessed via a modem and an online service provider, it contains many information resources and acts as a giant electronic message routing system.","You have made changes to the content without saving your changes.","Water carriers that provide service along coasts serving ports on the Atlantic or Pacific Oceans or on the Gulf of Mexico.","It determines how quantity, weight, volume, price are computed.","Having an audit trail may protect your company from fines or penalties in the case of an export compliance violation.","In some industries, companies must pass periodic government audits to maintain their authorizations.","It is order quantity times unit cost.","When a business is liquidated by request of the court.","What does YW mean?","An IAN is a type of structured note.","Basis is generally the cost paid for an asset plus the amounts paid to improve the asset less deductions taken against the asset, such as depreciation and amortization.","Insolvency Practitioner appointed to oversee a company voluntary arrangement.","Also if the exercise price of an option grant differs from the closing market price per share on the grant date companies must include a description of the method for determining the exercise price.","When goods are imported into the United States without any time or use restrictions.","Any remaining assets are transferred to a trustee and sold to settle debts, with any remaining arrears written off.","Enter a valid SSN value.","Instead of the COD structure mentioned above, the client actually has to pay in full before the goods are even shipped.","For example, your bank sort code and account number for BACS payments.","These need to be clearly and concisely stated so your customers know exactly what they need to do, and when they need to do it by.","Handbook of Business Procedures.","We also explain relevant etymologies or histories of some words and include resources further exploring accounting terminology.","The management of the flow of products as they are transported from the point of origin to their final destination.","Internet Message Access Protocol.","It is usually levied on those who will benefit from the service.","You do not have the necessary permissions to access this content.","Economic elements applied or used in the performance of activities or to directly support cost objects.","The new framework is intended to enhance interstate reciprocity and practice across state lines by CPAs, meet the future needs of the profession, respond to the marketplace and protect the public that the profession serves.","When a driver assists with loading and unloading the trailer contents.","The time and process involved from the placement of an order to the receipt of the order.","To take extraordinary action because of an increase in relative priority.","Advertising with the NYSSCPA is your opportunity to reach the greatest number of business advisors in the most important business state in the nation.","Be commensurate with the additional risk imposed by not adhering to the PCI DSS requirement.","Is Finance a Good Degree For Me?","If that information is entered incorrectly, there is an encoding error.","International Chamber of Commerce.","Index pricing is used for example to act more securely in volatile markets, protect margins and hedge longer contracts transparently.","There are two types: attributes sampling and variables sampling.","Bulk provisions are reserves included with other IBNR reserves to reflect deficiencies in known case reserves.","Generally, this is the expectations between the buyer and the seller.","They also consolidate and disperse international containers that originate at or are bound for inland ports.","Depending on where the special event is held, an appropriate contract is required.","The intent of the forgery is to deceive or defraud.","US national standards in a number of areas, especially with regards to setting EDI standards.","Companies may distribute dividends as cash or additional shares of stock.","As these items are sold to customers, the inventory account will lower.","The conversion of data on a check into an electronic image after a check enters the processing system.","It alludes to who needs to be addressed in the document.","Costs incurred to begin a business.","Information may be abridged and therefore incomplete.","Coupa user role for someone who approves expense reports, requisitions, or similar documents.","Liquid or near liquid assets that are available to a borrower after the mortgage closes.","An unpaid obligation by an individual who could pay for the health care service they received.","An entity that is created to leverage the purchasing power of a group of businesses to obtain discounts from vendors based on the collective buying power of the GPO members.","For example, direct payments take place when billers deduct utility bills automatically from your checking account.","Internet needs in one location.","Find simple guides and other useful bank account information from Halifax here.","Office of Loan Programs.","Entrepreneurial companies will calculate their burn rate in order to understand how much time they have before they need to raise more money, or show a positive cash flow.","Loans made, insured, or guaranteed under any program authorized by the Higher Education Act.","Most often, deductions are made for items such as health benefits and union dues.","Care given a registered bed patient in a hospital, nursing home or other medical or post acute institution.","The cost of an asset at the time of purchase.","Usually includes an allowance for bad debts.","Material that will contribute to a finished product but is not the finished product itself.","The creditor may draw a draftpayable at maturity and present it for acceptance.","For example, a company that pays commission to its sales people would consider the commission to be a variable expense.","This type of file is not allowed.","In some cases, the bank may be deemed to be an insider.","Digital transformation includes three equally important areas: processes, tools and organizational culture.","The PIN Pad should encrypt the PIN during the transaction to ensure security.","Furthermore, the mortgage must have originated from a regulated and authorized financial institution.","Land or rights in land, ground improvements, buildings, etc.","Indique solo letras y espacios.","Set up fields for tracking.","Luckily, they are also straightforward and easy to understand.","These carriers are now classified as major carriers.","Group that has authority to establish standards of financial reporting for all units of state and local government.","The beneficiary may use providers outside the provider network.","Quoted market prices in active markets are the best evidence of fair value and shall be used as the basis for the measurement, if available.","Corporate management is a fiduciary with respect to corporate assets which are beneficially owned by the stockholders and creditors.","Premiums are made for same time period.","If you order office supplies on Tuesday and your vendor invoices you and ships these supplies on Wednesday, you may not receive them until Friday.","The authorized purchasing form issued by the purchasing office for purchases of all equipment and supplies.","Pallets may be made of wood or composite materials.","Structured format for organizing and maintaining easily retrievable information.","Instead, a NVOCC buys space from carriers and sells this space to shippers.","United States, and also for customs filing for imports entering the United States.","General partnership which, via registration with an appropriate state authority, is able to enshroud all its partners in limited liability.","What is this acronym?","The practice of relating resources, activities, and cost objects using the drivers underlying their cost causal relationships.","Includes materials, labor, and problem diagnosis for products returned for repair or refurbishment.","Individual with elevated privileges who is responsible for managing a computer system or network.","If you opt out, though, you may still receive generic advertising.","An agreement to purchase or a purchase order for a given quantity of specific goods over a period of time, often one year.","The three main asset classes are equities or stocks, fixed income or bonds, and cash equivalents or money market instruments.","Social Security taxes that are withheld from payroll checks.","FOB terms spelled out very clearly in purchase orders.","OPEX is a part of the profit and loss account.","Do You Need a Degree To Start A Business?","United States government for classifying industries used to identify the nature of a business.","Global Cloud HR and People system, built on the Salesforce platform.","Lightweight Directory Access Protocol.","Certificated or uncertificated security, entitlement, securities account, commodity contract, or commodity account.","Agility merges the four distinctive competencies of cost, quality, dependability, and flexibility.","PCI PIN and PTS, are more flexible as there are additional controls in place to reduce the level of exposure.","See Manufacturing Resource Planning.","It confirms that the goods have been received.","The formal acceptance of a patient who is provided with room, board, and continuous nursing service in an area of the hospital where patients generally reside at least overnight.","Common term indicating movable property, merchandise, or wares.","The ASN may also include the expected time of arrival.","Enter only numbers and a decimal.","Management then selects one scenario to use as the official plan.","BR refers to the bounce rate of a website.","The systems used in optimizing assignments from plants to distribution centers, and from distribution centers to stores.","Substantive tests of financial information which examine relationships among data as a means of obtaining evidence.","Fixed assets are used frequently in financial analysis and projections since most accounting equations include assets in their calculations.","The goods are sold as they are in stock.","The document that must be filed with Customs to obtain the release of imported goods and to allow collection of duties and statistics.","The country where the goods were manufactured.","You should also have an English translation available for inspection by a VAT officer.","The CVA itself is a document produced that contains a proposed schedule to pay creditors what they are owed.","National Association of Insurance Commissioners.","The systematic division of a whole into discrete parts having distinctive characteristics.","An appropriate auction form when the buyers wants to put pressure on bidders: a Dutch procurement auction starts with a low starting price that is based on advance information to the bidders.","The time during which a debtor is contractually obliged to pay for the goods or services purchased.","Popular standard for mobile phones and networks.","Freight that has not been called for or picked up by the owner or ultimate consignee.","Version numbers are generally assigned in increasing order and correspond to a particular change in the software.","The unique number you must use to access your account at an ATM or make a purchase with a debit card.","DFI is a way for businesses to draw loans from outstanding invoices.","The cost involved in moving, transferring, preparing, and otherwise handling inventory.","The physical handling of products and materials between procurement and shipping.","The format and content of the reports are formally proscribed.","Federal benefits received by check rather than direct deposit; Federal benefits received more than two months before the bank received the garnishment order or Federal benefits that were transferred to another bank account.","The practice of placing a value on the profit generated by business done with a particular customer.","The value of a convertible bond calculated as a straight bond without giving any value to the conversion feature.","Secret numeric password known only to the user and a system to authenticate the user to the system.","References to ACH can mean several things, depending on where you see it.","Firewall capability that provides enhanced security by keeping track of the state of network connections.","Bacs provide the system for the clearing and settlement of UK automated payment methods, including Direct Debit and Bacs Direct Credit payments.","In accounting, it is what a company owes.","In medical insurance a percentage of each claim that the insured will bear.","Expenses are recognized when incurred rather than when paid.","As the organizational unit of a corporate group, the purchasing organization is responsible for all purchasing processes in the company, negotiates procurement and develops strategies.","Usually, the interest is paid periodically over the life of the loan, deposit, or security.","Cost objects consume activities and activities consume resources.","While tactical sourcing is understood as the acquisition of goods or services at the lowest cost, strategic sourcing takes into consideration a broader view balancing factors like competitive market conditions, negotiating power, developing supplier relationships and mitigating supply risk.","Average time between commencement of upstream processing and completion of final packaging for shipment operations as well as release of approval for shipment.","Residual interest in the assets of an entity that remains after deducting its liabilities.","Depreciation is the term that accounts for the loss of value in an asset over time.","You must accept the terms to continue.","Indique un valor de ITIN v\u00e1lido.","Some financial institutions will include messages and news on the bank statement.","Therefore, the cost of these future benefits is a part of the cost of providing public services today.","For example, income taxes, sales taxes, duties and levies.","United Nations generally concerned with health and health care.","It appears on a balance sheet as an asset.","This sometimes applies to promotions.","ASSETS of an entity that remains after deducting its LIABILITIES.","The geographical area in which a managed care plan is licensed to provide health care services to its members; or the region served by a hospital or other health care provider.","Error: You have unsubscribed from this list.","This shared vision must be supported by strategic objectives, strategies, and action plans to move in in the desired direction.","Formal description of how a database is constructed including the organization of data elements.","The name of an organization, or individual, that should be notified when a shipment reaches its destination.","An Expense is any cost incurred by the business.","SECURITIES collateralized by such assets.","Other organizations use different accounting periods, but no matter the length, accounting periods should remain consistent over time.","The stated reduction in the Standard Rate is known as the Interest Rate Differential.","Confirmation date must not be set to a future date.","What Does FOB Mean on an Invoice?","Alternatively, you might want to prioritize certain payments when you have limited funds, paying only the most urgent bills first.","Obligations issued by business units, governmental units and certain nonprofit units having a fixed schedule for one or more future payments of money; includes commercial paper, negotiable certificates of deposit, repurchase agreements and equipment trust certificates.","European level, which processes transactions of high priority and urgency, and primarily of large amount at a domestic and cross border level on a multilateral net basis.","Revenue, also called sales, is the gross income a business makes through normal business operations.","Logistics management is an integrating function which coordinates and optimizes all logistics activities with other functions, including marketing, sales, manufacturing, finance, and information technology.","Matthew Hudson wrote about retail for The Balance Small Business, and has almost three decades of experience in the retail industry.","Please enter your email address.","Automated Clearing System: the process by which funds are transferred electronically from one bank account to another, taking three days to clear.","Operating margins reflect a surplus or deficit from operations.","Within each organization, the supply chain includes all functions involved in receiving and filling a customer request, including new product development, marketing, operations, distribution, finance, and customer service.","This document is created in order to solicit proposals from potential suppliers.","It is set by a financial institution.","The seller pays the cost of getting the shipment to the dock; the buyer contracts the carrier, obtains documentation, and assumes all responsibility from that point forward.","Restricted Payments Canada codes in your transaction files.","The first leg of the truck trip that involves hauling a load or several loads to targeted destinations.","Payment terms like this help make it crystal clear when an invoice should be paid and helps with any confusion or late payments.","Reports ordered by the borrower to assess the quality of the home.","Invoice Templates or Online Invoicing Software: Which Is Better?","The process of comparing performance against the practices of other leading companies for the purpose of improving performance.","The letter will also require that certain conditions are met prior to loan funding.","The Kraljic matrix is a portfolio view.","While the term can also refer to any skilled computer programmer, it is more often used to refer to malicious activity.","Account considered to be an offset to another account.","The maximum amount of credit that is available on a credit card or other line of credit account.","This program is not designed to prepare students for the CPA or CMA examination or any other certification exam, but covers the knowledge areas of the uniform CPA and CMA certification.","The government entity is responsible for paying the interest on the loan and paying the lender to manage it.","The FCRA regulates consumer credit reporting and related industries to ensure that consumer information is reported in an accurate, timely, and complete manner.","An employee of the Comptroller of the Currency whose function is to examine federally chartered financial institutions.","Port where cargo is loaded aboard the vessel.","Undertaking to act as executor, administrator, guardian, conservator, or trustee for a family trust, authorized trust, or testamentary trust, or receiver or trustee in bankruptcy.","This will save headaches and cost down the road.","The capitated provider is generally responsible, under the conditions of the contract, for delivering or arranging for the delivery of all contracted health services required by the covered person.","In a procurement context, bottom line impact refers to results that can be linked directly to financial performance, such as cost savings achieved within a specific financial period.","Used by Payment Services to code certain transactions for reporting purposes.","The specific meaning of a term or phrase will depend on where and how it is used, because the relevant documents, including signed agreements, customer disclosures, internal Program policy manuals and industry usage, will control meaning in a particular context.","If any discrepancies are uncovered during verification, the financial aid office may require additional information to clear up the discrepancies.","Just provide your own smartphone or tablet and a free hand.","Share This Story, Choose Your Platform!","The cost of goods sold divided by the average level of inventory on hand.","May be used to determine whether a service charge applies or whether your account qualifies for special services or discounts.","Reserves taken due to obsolescence and scrap.","The federal regulations hospitals must comply with in order to qualify for Medicare reimbursement.","We are always working to improve this website for our users.","The management and control of activities and drivers to calculate accurate product and service costs, improve business processes, eliminate waste, influence cost drivers, and plan operations.","It includes cash on hand, disbursements not yet vouchered, and vouchers in transit.","By clicking continue, you will be taken to a website that is not affiliated with Merrill Lynch and may offer a different privacy policy and level of security.","The business process that coordinates and monitors all changes to the business processes and applications operated by the business, as well as to their internal equipment, resources, operating systems, and procedures.","An approach involving continuous improvement.","The planning, directing, monitoring, and controlling of the processes related to customer orders, manufacturing orders, and purchase orders.","The process of building product and pushing it into the distribution channel without receiving any information regarding requirements.","These securities must also be grouped in one of the top two ratings as determined by an accredited credit rating agency, and usually pay periodic payments that are similar to coupon payments.","Guide and educate the public, including issuers, auditors, and users of those financial reports.","Aggregate planning usually includes the development, analysis and maintenance of plans for total sales, total production, targeted inventory, and targeted inventory, and targeted customer backlog for families of products.","It includes restricted endowment grants and athletic scholarships.","PIN upon receipt of a transaction request.","IBNR claims are the amount owed by an insurer to all valid claimants who have had a covered loss but have not yet reported it.","Recognized for efficient use of limited bandwidth.","Freight collect means the buyer is then responsible for all freight charges and is responsible for filing any necessary insurance claims.","Some shipments involve no actual monetary transaction between the exporter and the ultimate consignee, such as shipments for repair under warranty, or shipments of items used for display at trade shows.","It includes all activities related to physical distribution, as well as the return of goods to the manufacturer.","Establishing and maintaining equal and offsetting exposures to interest rate risk.","After bidders have submitted their proposals and the scope of work has been agreed they are asked to submit a final offer without room for further negotiation.","Mastercard is a registered trademark of Mastercard International Incorporated and is used by the issuer pursuant to license.","Developed by the auto industry, it refers to shipping goods in smaller, more frequent lots.","Changes to contacts and affinity items can be made via the corresponding edit buttons on the Overview page.","Revenue is any money that your company collects in return for goods or services sold before any expenses are deducted.","The weight of a container while empty.","University property that is actually federally or privately owned.","Although fixed overhead is necessary to produce the product, it cannot be directly traced to the final product.","Like us on Facebook!","The proxyholder may or may not have discretion as to how he or she votes.","John Rampton is an Entrepreneur and Connector.","Suddenly, your email makes so much more sense.","Shipping products seems simple, right?","Talk with an admissions advisor today.","This line also includes instrumentalities of transportation and communication, such as bridges, tunnels, piers, wharves, docks, pipelines, power and phone lines, and radio and television towers.","RVUs must be multiplied by a dollar conversion factor to become payment amounts.","Indique un valor de EIN v\u00e1lido.","In the most general sense, equity is assets minus liabilities.","Entity that issues payment cards or performs, facilitates, or supports issuing services including but not limited to issuing banks and issuing processors.","Let me know in the comments below if I should include any other shipping terms in this glossary!","Also, the total amount of units received, plus the total amount of units shipped divided by two.","DFI stands for Discount for Invoice.","Various UOMs may exist for a single item.","Process of determining how shipment will move between origin and destination.","Portion of a business entity expected to remain active.","PAN on the face of the payment cards.","Your shipment may be too small for certain carriers, or conversely, if you have a large shipment, you may have to rely on a carrier certified to ship large containers.","Transportation creates place utility.","Schools may select additional students for verification if they suspect fraud.","Today, the term is used more loosely to include returns on various projects and objectives.","An example of technology for remote access is VPN.","The location designated by the carrier for receiving, assembling, holding, storing, and delivering containers, and where containers may be picked up by shippers or redelivered by consignees.","Project that makes use of project finance structure.","Liabilities are created every day in connection with routine commerce.","Acquirers are subject to payment brand rules and procedures regarding merchant compliance.","This feature requires cookies.","An agreement between two or more competent persons or companies to perform or not to perform specific acts or services or to deliver merchandise.","It is also known as right of setoff.","The organization of the dispatching function into one central location.","The entire lot may be accepted or rejected based on the sample even though the specific units in the lot are better or worse than the sample.","This is generally at the end of the month but not always.","What are Invoice Payment Terms?","This is what makes an idea, product, service, or business model unique.","Money does not flow.","There are three types of surety bonds, bid bonds, performance bonds, and payment bonds.","Board certification is available for most physician specialties, as well as for many allied medical professions.","The amount of money in your account that is available for immediate use.","Agreement between a CPA firm and its client to perform an audit.","What are payment terms?","FDIC insurance is backed by the full faith and credit of the United States government.","VAT invoice if all the goods are exempt or zero rated.","She is passionate about creating quality resources that empower others to improve their lives through education.","The cost and service benefits of one mode compared with other modes.","An advance directive that patients may make to forego cardiopulmonary resuscitation or other resuscitative efforts.","The sale of goods in which payment is made upon delivery rather than in advance.","Find the meanings for acronyms and abbreviations used at UCSD.","Where local staff ignore existing contractual arrangements and purchase from other suppliers.","This change can result from a revised quantity, date, or specification by the customer; an engineering change; a change in inventory requirement data; etc.","ASSETS in full or partial satisfaction of the debt.","Freight payable to the carrier at the port of discharge or ultimate destination.","Do you know the three types of learning styles?","IRAs are savings vehicles for retirement.","Find the common abbreviations of credit and other English words at Writing Explained.","In contrast, someone who performs a task that is within the scope and mission of The University, such as giving a lecture, collaborating on a research project, or teaching a continuing education course, is not a consultant.","An entity created to help businesses obtain discounts from vendors by leveraging the collective purchasing power of its buyer members.","The only exceptions are those records that fall into one of nine exempted categories listed in the statute.","The costs associated with disposing or recycling products that have been returned due to customer rejects, end of life, or obsolescence.","Backside of a container or trailer.","Examples include Payroll and Accounts Payable.","Discover more about working in banking supervision at the ECB and apply for vacancies.","Note that a short description of the changes you have made to the page is required.","See Industrial Development Authority bond.","This is a term for a function that cuts across many industries and usually defines a facility or organization that is providing a common service.","Hospital suite in which surgery requiring anesthesia is performed.","Because the project must be sold to management, staff, and review groups, the statement of work should be a persuasive document.","FERPA restricts the disclosure of student records to other parties and requires the school to give a student the opportunity to review his or her records.","They are valued at par and thus have no principal value fluctuations.","Excel and related financial projection templates from expert financial modelers.","The request is badly formed.","States use this information to enforce laws and benefits such as welfare assistance and fraudulent use of collecting unemployment insurance.","Items purchased last are sold first.","University buildings by The Office of Institutional Research.","Amount of payment is determined by subtracting the actual premium expense from the premium charged.","Evaluate the effectiveness of the design of controls.","If you are in a competitive market, where you are one of many vendors, having short payment terms might disqualify you.","Traditionally, all manufacturing costs, other than direct labor and direct materials, that continue even if products are not produced.","Refer to the QSA Qualification Requirements for details about requirements for QSA Companies and Employees.","Uncertainty concerning the possibility of loss by a peril for which insurance is pursued.","This process is popular with many European companies.","Term used to represent the corporation, organization or business which is undergoing a PCI DSS review.","Invoicing that meets the regulatory compliance rules for a specific region.","The balance on a credit obligation that a lender no longer expects to be repaid and writes off as a bad debt.","Building on the experiences from a proof of concept, a decision is made on the further progress of the project.","However, each lease contract may include or exclude one or more of these items.","Trouble with this page?","Premium paid in the acquisition of an entity over the fair value of its identifiable tangible and intangible assets less liabilities assumed.","Depreciation is spreading out the cost of an asset that lasts for more than one year.","Accrual basis accounting is designed to better match the timing of revenues and associated expenses, thereby providing a more timely, accurate and reliable picture of the financial effects of operations.","The Fastest Type of Letter of Credit: LC at Sight.","The systems used in effectively managing warehouse business processes and direct warehouse activities, including receiving, putaway, picking, shipping, and inventory cycle counts.","Former IRS employees can act as enrolled agents without passing the test.","Assets are resources with economic value which companies expect to provide future benefits.","Credit card companies have their own name for the CVV code.","This iframe contains the logic required to handle Ajax powered Gravity Forms.","The NPI is a unique identification number for covered health care providers.","Provides power outlets at truck parking spaces in which truck drivers can simply plug in, and turn off their engines, rather than idle their truck engine.","The policy covers risks not explicitly excluded in the policy contract.","Personal property that can be seen, felt, measured or that is apparent to the senses in any other way.","Often assigned to one or more buyers in a purchasing organizational structure.","The most common type of these postemployment benefits is a pension.","Certain information that Federal and State laws require creditors to give to borrowers relative to the terms of the credit extended.","One of the most important aspects of FOB terms is that it helps determine which party owns the freight while it is in transit.","What do bank statement abbreviations mean?","This tax is imposed on services and goods when a customer purchases a good or service from a business within Canada.","Party that loans money or other ASSETS to another party.","Total cost of a computer asset throughout its life cycle, from acquisition to disposal.","Under ICC and common law, the requirement that a freight rate not be higher than what is necessary to reimburse the carrier and allow a fair profit.","Charges for health care services in a geographical area that are consistent with the charges of identical or similar providers in the same geographic area.","The backside of a ship.","This saves the fee the retailer pays on credit cards.","If this happens, it pays to be polite.","These subsidiaries are companies that are owned or controlled by a national bank and that, among other things, offer banking products and services such as loans, mortgages, and leases.","Get a refresher on Accounts Receivable.","An accounting method of valuing inventory based on the assumption that the last items purchased are the first sold.","The longer the net days allowed for payment, the more incentive the customer has to use your services.","Software that speeds access and simplifies data analysis, queries, etc.","The value of the imported goods on which duties will be assessed.","Due makes it easier to get paid online.","This is also known as Internet or online banking.","SEC as compared with private company where stock is only available to certain individuals.","An example of accounts payable includes when a restaurant receives a beverage order on credit from an outside supplier.","The federal government guarantees FFELP loans against borrower default and ensures that the lenders receive a market rate of return on the loans despite the lower interest rates paid by borrowers of education loans.","Interest that has been earned but not yet paid.","See how much home you can afford with our Mortgage Calculators and Mortgage Readiness Quiz.","Email is the preferred standard for submitting invoices and when you send to the accounts department remember to CC your contact on the email.","HCFA resides within the Department of Health and Human Services.","This is usually done to obtain a lower interest rate on the outstanding balance.","LTL or Any Quantity shipments.","The mission of the AONE is to shape health care through innovative and expert nursing leadership.","Examples of items covered are pension plans, group life insurance, group health insurance, group disability income insurance, and accidental death and dismemberment.","Individuals responsible for overseeing the affairs of an entity, including the election of its officers.","Shows the task of defining, developing and verifying a specific object or project.","Present value is the current value of money in the future, with a specific assumed interest rate that could accrue over that period of time.","Assumption that a business can remain in operation long enough for all of its current plans to be carried out.","You are attempting to upload a file that is too big.","Accounts may be pooled together if there are no transfer restrictions between them.","Clover Station makes it easier and faster than ever to run your business using one device.","Option, Cap or Floor and to make payments as the seller of a different Option, Cap or Floor.","Devices that allow people with mobility impairments to operate electronic devices, including televisions, computers, lights, appliances, and more.","The management function that attempts to ensure that the goods or services in a firm manufacturers or purchases meet the product or service specifications.","RACs are paid on the basis of a percentage of the overpayments they recover.","This means that various employees jointly use the new solution as a productive system after the starting signal.","However the insolvency requirement does not apply to GIFT taxes.","United States federal government with responsibilities in public security, roughly comparable to the interior or home ministries of other countries.","Time during which a machine cannot be utilized.","Some transactions appear as codes in your statement.","Are you sure you want to delete your attachment?","Bold and enlarge Headlines of News Items etc.","But did you know there are different types of shipment?","Find out how Fannie Mae is responding.","In procurement, contact compliance measures whether spend is actively managed though agreed contracts with approved suppliers.","Manage invoicing, cash flow, tax, payments and more from any device, through the cloud.","Method of filtering inbound network traffic such that only explicitly allowed traffic is permitted to enter the network.","See realized volatility, volatility and variance swap.","Effective accountants ensure that their organizations understand their legal obligations and financial performance, and that they can develop budgets and plan for the future.","CVA at a meeting arranged by the insolvency practitioner, the company can continue trading, with the scheduled payments made through the insolvency practitioner until they are fully paid off.","Sale device to make sure that the payment card is valid and with the use of a PIN that it belongs to the person using the card.","Because cost causal relationships are viewed as more relevant for management decision making, assignment of costs is generally preferable to allocation techniques.","Supplier risk management comprises the holistic process of managing risks along the supply chain: from risk identification and assessment to the control of measures for risk minimization.","The automated exchange of data and documents in a standardized format.","The suitability is checked by evaluating the tenders and the contract is awarded to the most economical tender.","RE is another common business abbreviation typically used in the subject line of email messages.","Private fleets typically perform distribution or service functions.","But, worry no more for we got that covered.","Only the net interest cash flows are remitted.","So that what financial conditions are you up to.","Prepares the holder for advanced professional occupations in businesses, as well as in colleges and universities as instructors of business administration and management.","The systems that help to strategically balance the inventory policy and customer service levels throughout the supply chain.","The name, logo, slogan, colours, etc.","It has been sent to the Vendor and you will hear back from him shortly.","Purchase requisition is a request to buy a certain quantity of a material or service on a certain date.","General name for money, notes, BONDS, goods or services which represent amounts owed.","UNSPSC codes are eight digits long.","They are generally acknowledged terms used all the time without reference.","This will overwrite any existing corresponding published page; are you sure you want to publish the page?","Shipment of goods out of a country.","The end user, or customer, motivates what is produced or how it is delivered.","NOPLATI to the capital it employs.","Some of the most common fixed expenses businesses have include rent, insurance, utilities or equipment rentals.","DBA, while for large organizations with multiple businesses and brands, a DBA helps identify the true ownership, for legal purposes.","These schemes are fraudulent.","Any network component, server, or application included in or connected to the cardholder data environment.","The science of creating workspaces and products which are human friendly to use.","Income statements include information about overhead expenses.","The purchase of material services used internally by the business, such as MRO products for maintenance, repair, or operating supplies.","Generally it is deductible regardless of whether it is business or personal.","One of the portions, usually equal, into which a debt is divided for payment at specified intervals over a fixed period.","Essentially, the bank holds hostage the ownership documents, which the importer needs to take possession of the merchandise, until the bank, and, by extension, the exporter, are paid.","Expenditures that are written off during two or more accounting periods.","The party to whom goods are shipped and delivered.","We appreciate your business.","Other variations are in use.","This may be done electronically or by mail.","An order that is placed with the supplier which allows the buyer to call off quantities as they need them over an agreed time period.","This is achieved through, among other techniques, astute management of accounts payables and receivables.","The amount an employee pays in payroll taxes over the course of his or her career may be indirectly related to the level of benefits for which he or she is eligible.","An IC is a person that is hired by a company not as a paid employee but as someone who performs a service for them for a specific amount of time.","The accounting rules that all entities follow based on a defined hierarchy based on the issuing body of the rules.","See yield curve slope.","Loans with higher risk are generally priced at a higher interest rate.","Category for selected suppliers; for example, for every bid they are asked the material group and are allowed to participate in regular meetings even in the early product development phase.","Enter only letters and numbers.","This refers to the extremely large volumes of data.","Money spent by a business or organization on acquiring or maintaining fixed assets.","The transportation of persons or property between points within a state.","There are a number of different websites that you can use to familiarize yourself with acronyms.","What should be included in an invoice?","Specification describing rules and procedures that computer products should follow to perform activities on a network.","You are about to remove the current Draft version.","FTL refers to a complete load of a truck which is collected from a single shipper and transported directly to a recipient without transshipment or storage.","Taken to the extreme, over time, the cumulative effect of such initiatives could render an entire community, or even a nation, financially unsustainable.","Senior Vice President and CFO.","Network established by an organization that uses private IP address space.","List of tariffs, list of rates, scale of charges, price list.","Examples are the costs of information systems, process engineering, and purchasing.","Time Delivery Performance which indicates the percentage of orders that fulfilled on or before the original requested date.","Clauses in an insurance contract that deny coverage for select individuals, groups, locations, properties or risks.","When documents presented do not conform to the requirements of the letter of credit.","Percentage of the selling price of the property, paid by the seller.","Federal law that mandates that all the records created and kept by Federal agencies in the executive branch of government must be open for public inspection and copying.","Maintains as his home a household that is the principal place of abode during the entire TAX YEAR for a child for whom a dependency exemption may be claimed.","For instance German, Austrian and Swiss companies, might nearshore for example IT projects to Poland or Romania.","Reimbursement a hospital receives for care provided; usually less than the standard charge and sometimes less than the cost of providing care.","Date on Changing HR Laws and Regulations?","When hiring independent contractors, employers must be able to provide proof, or reasonable basis, that the contractor label is actually justified.","Regulation E carries out the purposes of the Electronic Funds Transfer Act, which establishes the basic rights, liabilities and responsibilities of consumers who use electronic fund transfer services and of financial institutions that offer these services.","This cycle time may typically be required to support activities like material movement and line changeovers.","The borrower pays the premium.","HSA are given a certain level of personal control over their spending on health care costs.","Which one should you choose when?","In procurement systems, certain functions can be used to automatically submit online price requests to any supplier.","An agreement between individuals or organizations.","An amount equal to the difference between sales revenue and variable costs.","The quantity of goods that may be imported without restrictions over a set period of time.","The total cost of credit a customer must pay on a consumer loan, including interest.","The cardholder then repays the issuing bank based on terms of an existing agreement.","The universal standard is the ratio of labor costs to sales value added by production.","Required by some countries to ensure protection against dumping of certain products.","Your email address will not be published.","All leaders are responsible for managing the performance of their employees.","Most rate risk managers use the term in the broadest sense as defined in the first sentence of this paragraph.","Charge levied by a governmental unit on income, consumption, wealth, or other basis.","Both sides save time and effort.","Models include double exponential smoothing, regression, and triple smoothing.","When these employees return to work, their prior salary and health benefits must be fully restored.","ASSETS, stocks, or earnings.","This refers to an electronic banking terminal that can be physically located at a bank branch, retail business, or other location.","Not included in this category are those costs that are needed to run the business.","Days payable outstanding tells how long it takes a company to pay its invoices from trade creditors, such as suppliers.","The agreement of a seller to transfer goods to a buyer for a particular price.","Design decisions include the selection of partners, the location and capacity of warehouse and production facilities, the products, the modes of transportation, and supporting information systems.","Generally, an asset has to have substantial value in order to warrant depreciating it.","This makes a comparison possible.","INTEREST due and the payment date.","Typically, the shipper is responsible for payment for prepaid shipments, while the consignee is responsible for payment for collect shipments, unless a third party is indicated as the payor on the shipping documents.","Click the help icon above to learn more.","Mart, Safeway, or CVS.","Strengths, Weaknesses, Opportunities, and Threats.","Payment Service Provider is a third party that provides merchants with the ability to accept electronic payments, enabling connectivity to financial institutions and credit card acquirers.","United States, Canada and Mexico.","The actuarial value of assets may represent an average value over time, and normally differs from the amount reported in the financial statements, which is a measurement as of the date of the statement of net assets.","The person who does it places assets and liabilities into columns to see if everything balances.","The letter of credit is a contractual obligation of a bank to make a payment on behalf of the customer.","Care for not only physical symptoms, but also for emotional, social, spiritual, psychological and cultural symptoms to achieve the best possible quality of life.","Proceeding with the requested move may negatively impact site navigation and SEO.","By using the site, you consent to the placement of these cookies.","When you need to invoices and bill your clients, you may wonder: should I be using invoicing templates or online invoicing software?","These activities encompass the functions of transportation, warehousing, inventory control, material handling, order administration, site and location analysis, industrial packaging, data processing, and the communications network necessary for effective management.","Material flow activity where materials are shipped to customers from a secondary shipping point rather than from a preferred shipping point.","The shipper may also be called the exporter or consignor in this case.","Benefits can be paid as expense incurred, per diem or as a principal sum.","If there is no single middle value, the median is the mean of the two middle values.","In direct consumer, the end customer or user.","Since other people support this idea, you cannot delete it.","The mission of the AAFP is to improve the health of patients, families, and communities by serving the needs of members with professionalism and creativity.","Why Has the GASB Issued New Standards for OPEB?","Collaboration between physicians and hospitals for a variety of purposes.","Excess of the value of securities owned, cash, receivables, and other assets over the liabilities of the company.","To find a definition, click the first letter of the term.","Click one of the letters above to advance the page to terms beginning with that letter.","An amount paid back because of an overpayment or because of the return of an item previously sold.","Financial Abbreviations Financial Abbreviations.","The cost of insuring inventories and taxes associated with the holding of inventory.","Probable future economic benefits obtained as a result of past transactions or events.","Upon receipt of documentation, the bank is either paid by the buyer or takes title to the goods themselves and proceeds to transfer funds to the seller.","If interest rates rise, so does the loan payment.","When prices begin to plummet, the margin structures of older industries are also threatened.","If you are coming to the end of your mortgage, credit card or loan payment holiday, we will contact you before it ends, there is no need to call us.","In virtually every instance, the consequence of unfunded mandates is the imposition of new costs which must either be absorbed by the operator, or passed on to the consumer or taxpayer.","The minimum dollar amount that must be paid each month on a loan, line of credit, or other debt.","Since such adverse changes generally result from changes in prevailing interest rates, price risk is essentially the same as interest rate risk.","Fixed Cost is one that does not change with the volume of sales.","By definition bottom line is the last line of a financial statement.","These do bring in their own advantages, but as with the rest of these invoice payment terms, they have their own drawbacks as well.","If you owe money to a person or company, they can obtain a court order directing your bank to take money out of your account to pay off your debt.","The EDI in the United States was formerly TDCC and administered the development of standards in transportation and other industries.","Classification of a group of items in decreasing order of annual dollar volume or other criteria.","The opening on the deck of a ship that gives access to the cargo hold.","Find the answers you want in the glossary of banking terms.","The unrecovered balance of an investment.","Learn general business abbreviations in English.","The other school is allopathic.","We gather information about your online activities, such as the searches you conduct on our Sites and the pages you visit.","Specialties include cost accounting, financial accounting, management accounting, and tax accounting.","Mainframes are capable of running multiple operating systems, making it appear like it is operating as multiple computers.","Also called a clinical pathway.","Wire transfers, checks, drafts, and paper instruments do not fall into this category.","An amendment to the federal budget that outlines new federally funded programs or revisions to existing programs.","Moving parts through a process in batches of one.","The policyholder selects the accounts into which the premium payments are to be made.","Creating a product from existing components into an individual order.","Medicaid outpatient procedure regardless of services rendered or the intensity of the services.","The American Institute of Certified Public Accountants is the national professional organization for all Certified Public Accountants.","Sometimes business owners make the mistake of considering only tangible assets, things like cash, accounts receivable, inventory, and equipment.","An analytical tool used in public planning; a ratio of total measurable benefits divided by the initial capital cost.","Any change involving an erasure or rewriting in the date, amount, or payee of a check or other negotiable instrument.","Includes a contractual liability policy providing coverage for all obligations and liabilities incurred by a service contract provider under the terms of service contracts issued by the provider.","Payments UK engages with the industry, regulators, government, end users, and the media to discuss and advise on UK, European and Global payment issues.","Also, where possible, transaction descriptions have been clarified so you will no longer require the abbreviations dictionary provided on the back of the statement.","When the number of units received is greater than the quantity stated on the export documents.","The rolling stock carriers use to facilitate the transportation services that they provide, including containers, trucks, chassis, vessels, and airplanes, among others.","Health care facility located in an isolated area that serves as the only source of emergency, outpatient, and inpatient care in the region.","How Does the Proforma Invoice Fit in the Sales Process?","Chasing up a late payment shows that you are a professional business owner and expect to be treated as one.","Finished goods inventory held at the end manufacturing location.","The Information for Financial Aid Professionals website consolidates guidance, resources, and information related to the administration and processing of Title IV federal student aid into one site for use by the entire financial aid community.","An itemized listing of amounts of property indicated as on hand at a particular time.","Typically a combination of two letters, indicating the airline, and three or four digits indicating the number of the voyage.","Making purchases online without using a check or credit card.","This refers to the electronic purchase of goods or services utilizing the internet, computer networks, and digital stored value systems.","The branch of accounting that is concerned with recording and reporting business operating costs.","Arrangements made with a carrier for the movement of cargo; space reservation.","We can expect to hear more about this eroding category of government investments.","No matter what payment terms you opt to use for your small business invoicing, the right software can make creating and sending invoices easy.","Part of the packaging of a product.","These I will collectively call cash invoice terms, as they require the client to provide cash before the order or upon delivery.","Three methods of calculation are used: discrete ATP, cumulative ATP with look ahead, and cumulative ATP without look ahead.","The total number of plans, not the total number of covered lives, providing coverage to the enrollee and their dependents.","Also, the certificate of the officer on such instrument indicating that the document has been so acknowledged.","FOB determines whether the buyer or the seller pays the shipping costs and who is responsible if the shipment is damaged, lost or stolen.","See Profit Before Interest and Tax.","The required process for resolving errors involving electronic transfers to and from deposit accounts.","Participating in an HDHP is a requirement for having an HSA.","Securities which repay principal according to a predetermined amortization schedule that is linked to the level of a specific index or a specific prepayment rate.","Have you ever spoken to a Human Resources practitioner and had trouble understanding various portions of the conversation?","Usually paid through quarterly installments.","You have unsaved changes.","Financial statement comprising the accounts of two or more entities.","An EFT authorized in advance to recur at substantially regular intervals.","Web applications may be available via the Internet or a private, internal network.","What Does ACH Stand For?","Person skilled in the recording and reporting of financial transactions.","Items used in support of general operations and maintenance, such as maintenance supplies, spare parts, and consumables used in the manufacturing process and supporting operations.","It is referred to in many contracts.","Types of liabilities can include loans, mortgages, accounts payable, and accrued expenses.","Logical partitioning is typically used to allow the use of different operating systems and applications on a single device.","An invoice currency is the currency that the business uses to charge its customers.","AMA is based in Chicago.","Accountants can also use ROI to compare the efficiency of more than one investment.","In cost accounting the difference between what has been budgeted for an activity and what it actually costs.","See restricted fund and unrestricted fund.","Passenger Reservation System or the Worldspan reservations system.","STANDERED FORM OF Dr.","To qualify as a secured creditor, you must have a charge over a specific asset or alternatively a debenture over the assets of the business.","Furnishing general or specialized news or other current information, including financial information.","Under normal circumstances, payroll processing takes place at the predetermined end of a pay period.","Includes a tax that is based on the cost of a meal.","Virtualization refers to the logical abstraction of computing resources from physical constraints.","An area defined on a Flood Insurance Rate Map with an associated risk of flooding.","An application that is generally accessed via a web browser or through web services.","Global Tracking Identification Number or Global Trade Item Number.","Railroad Retirement benefits, and benefits from the Office of Personnel Management that are direct deposited to an account may be protected from garnishment.","An account in the name of one individual.","An area where goods or cargo can be stored without paying import customs duties while awaiting manufacturing or future transport.","An interval of care by a health care facility or provider for a specific medical problem or condition.","Used to meet import requirements of other countries.","Necessary cookies will remain enabled to provide core functionality such as security, network management, and accessibility.","However, you must enter credits and discounts taken for returned merchandise.","Estimates are established to book these claims.","The term does not include recreational vehicles.","Rules governing LLPs vary significantly from state to state.","Direct costs attributable to the production of the goods sold in a company.","Please enter the zip code for your home address so we can give you accurate rate and fee information for your location.","The AIU logo is a registered trademark of Perdoceo Education Corporation.","NAIC member insurance departments.","When sending or receiving international payments, a SWIFT code is used to identify a specific bank.","Computer that provides a service to other computers, such as processing communications, file storage, or accessing a printing facility.","They include sort, systemize, shine or sweep, standardize, and sustain.","Most commonly used to facilitate cash withdrawals with debit and credit cards.","Also known as a straight bill of lading.","Also called the bond value.","The authority can, as a municipal entity, borrow funds or sell securities that are, in most cases, exempt from federal income tax.","Cookie access is needed in order to sign you in.","Receivables management software that works.","The destination, other than a place of employment, to which a state employee travels to conduct official state business.","Life cycle cost is the accumulated costs incurred by a product during these stages.","DMZ rather than the entire internal network.","Keep an eye on your accounts and when various payments go through, even though payments are automatic.","Fixed Asset Accounting Abbreviations.","The purchase of goods and services conducted over the Internet with mobile devices.","Be prompt, polite and accurate.","Reference this helpful list of complete payment term examples to be in the know.","Usually pertains to the loss of material through handling damage, theft, or neglect.","Due allows you to send money and get paid instantly.","Covered By An Ocean Cargo Policy?","Trim the field current length over the maxlength.","The award letter includes terms and conditions for the financial aid and information about the cost of attendance.","Enter your email below to begin the process of setting up a meeting with one of our product specialists.","The lack of adequate capital.","From whom is the purchase made?","With this retirement plan, employees can deposit funds and enjoy access to tax advantages.","To calculate sales revenue, multiply sales price by number of units sold.","Functions typically outsourced include logistics, accounts payable, accounts receivable, payroll, and human resources.","These firms facilitate the movement of parts and materials from suppliers to manufacturers, and finished products from manufacturers, and finished products from manufacturers to distributors and retailers.","Basically, an API, or application program interface, is code that allows two software programs to communicate with each other.","Medicare and Medicaid laws and rules.","Obtaining information from vendors.","Arera Hills, Central Bank of India, Zonal Office, Bhopal.","Reynolds established the Trust to continue much of the work she had supported during her lifetime.","DUNS number, assigned by a customer for the vendor it buys from.","Planning, control, optimization, and execution of flows of goods, information and people; flows of goods, information and people; flows of goods and people, etc.","The document lists the types, quantities and prices of the products or services the seller will provide if the seller accepts the offer.","Outlay of money to acquire or improve capital assets such as buildings and machinery.","The coverage allowed to HMO members for emergency and other situations outside of the prescribed geographic area of the HMO.","This refers to the sum of money sent in outstanding payment for goods or services.","This process is called unitization.","The average number of days it takes for a business to recover monies in full after a sale has been made, indicating the efficiency of their credit control processes.","Core competencies are not directly related to the product or market.","Mobile data service available to users of GSM mobile phones.","It is calculated by multiplying inventory turnover times the percentage of gross margin.","Not subject to sales tax due to the nature of the purchasing organization or the way the merchandise is to be used.","Wednesday shipping date to make your payment.","Includes, but are not limited to, live or recorded performances, exhibitions, spectator sports, participatory sports, fairs, or carnivals.","Japanese word for visible record, loosely translated means card, billboard, or sign.","An agency that collects individual credit information and sells it for a fee to creditors so they can make a decision on granting loans.","Pertaining to individuals who are certified to perform a variety of tasks.","Entity engaged by a merchant or other entity to handle payment card transactions on their behalf.","The spendable is the movement of cash from an endowment account to an expenditure account.","These funds offer investors the advantages of diversification and professional management.","Your session has expired or you do not have permission to edit this page.","In the theory of constraints, the generalized process used to manage resources to maximize throughput.","Weak algorithm used to encrypt wireless networks.","For best results, pose your search like a question.","At times in the course of doing business, you will take on financial obligations that take a while to appear on your books.","Commodities are basic resources such as food, energy and metals that can be exchanged for goods of the same type.","Affinity debit cards have all the same benefits as standard Bank of America debit cards and are available with eligible checking accounts.","All parties involved, directly or indirectly, in fulfilling a customer request, including the manufacturer and suppliers, transporters, warehouses, retailers, and customers.","These examples of payment terms show the wide variety of terms that can be offered by the vendor.","This item is part of a JSTOR Collection.","Another name for an RFQ.","An Internet web site that provides a central repository for data or a central planning capability in an industry or supply network.","Your ATM number should always be kept confidential.","This definition includes inbound, outbound, internal, and external movements.","The chance or possibility of loss.","Potential job titles for accounting professionals include auditor, bookkeeper, certified public accountant, and payroll accountant.","Steps include sourcing, negotiation, contracting, invoicing, approval, fulfillment and finally payment.","Celebrezze Federal Office Building ALA Domain designation for MCLB Albany, GA.","In this case, the contracting authority publicly invites an unlimited number of companies to submit tenders.","Computer network covering a large area, often a regional or company wide computer system.","Money today is typically assumed to be worth more than the same amount of money received in the future.","Merrill is not responsible for and does not endorse, guarantee or monitor content, availability, viewpoints, products or services that are offered or expressed on other websites.","The IRS is part of the United States Treasury Department.","Lean manufacturing aims at increasing productivity, product quality and flexible business processes.","With this authority and responsibility, the category manager is able to more accurately judge the consumer buying patterns, product sales, and market trends of that category.","Collection items are usually subject to special instructions and may involve additional fees.","The asset is considered a permanent fixture and no plans to consume or convert the asset into cash exists in the immediate future.","Discretionary value encoded in magnetic stripe of payment card.","Additional default accounts may also be generated by the system as part of the installation process.","Treasury bills and pays money market rates of interest.","Refresh the page, or contact your admin if this keeps happening.","Note that edits to the Draft version you are creating will save automatically.","The backhaul can be with a full, partial, or empty load.","See income and loss.","The transfer of containers from one ship to another when both ships are controlled by the same carrier.","What Is the Destination Control Statement and Why Should It Be on Your Commercial Invoice?","Procurement terminology for suppliers and procurement professionals.","The systems combine moves to ensure the most economical means are employed.","OCC may use to correct problems or effect change in a national bank.","An Interstate Commerce Act amendment that delineates the liability of common carriers and the bill of lading provisions.","Goods or products which are owned by the vendor until they are sold to the consumer.","The EDIFACT term for a transaction set.","The FAR is the single regulation for use by most federal agencies in their acquisition of supplies and services with appropriated funds.","The expenses incurred by a hospital in providing care.","Discrete set of structured data resources organized for collection, processing, maintenance, use, sharing, dissemination, or disposition of information.","The payment due date you provide your customer will depend on when you want to get paid, your current cash flow status, and how much you trust your customers to pay on time.","Safety Office prior to transfer to Surplus.","Also referred to as the Original Budget.","Applicants cannot gain employment without providing this number.","It includes all of the logistics managment activities noted above, as well as manufacturing operations, and it drives coordination of processes and activities with and across marketing, sales, product design, finance, and information technology.","Get the name and contact details of the person responsible for making your payment.","Select a letter from the index above to see the glossary items beginning with that letter.","Someone who owes monies to another party.","The maximum annual adjustment of the interest rate for a loan, upward or downward, is one percent.","Fixed costs include items such as depreciation on buildings and fixtures.","Percentage at which an individual or corporation is taxed.","The function broadly responsible for personnel policies and practices within an organization.","They expect that the prices of jet fuel will rise over a period of three months.","Susan Heathfield is an HR and management consultant with an MS degree.","Special types of municipal authorities established to promote economic development in their communities.","Dear Spartans, Here we are providing the list of important banking abbreviations which is one of the most important static topic that was asked in various Competitive exams like IBPS, LIC, UIC.","What Is a Human Resource Department?","The terms and definitions that follow are meant to give simple, informal meaning for words and phrases you may see on our Web site that may not be familiar to you.","As an industry trade organisation, NACHA provides education and accreditation, and acts as a knowledge hub for the financial industry, advising on electronic payments.","Not a transportation contract.","The draft was successfully published.","Consequently, the authority can raise funds at lower interest rates than businesses.","Elapsed time for processing checks.","Date of when the invoice was generated and not when the goods were supplied.","This authentication method may be used with a token, smart card, etc.","Some retailers give customers a lower price if they pay with cash.","The objectives of the Academy are to encourage research, publication, teaching and personal interchanges in all phases of Accounting History and its interrelation with business and economic history.","An insurance policy available to owners of private dwellings that covers the dwelling and contents in the case of fire, wind damage, theft, and, personal liability.","The American Society for Testing and Materials, an organization that develops and publishes standard specifications on various products.","The sum of the free balances of all accounts in a budget pool.","VPN may be used with a token, smart card, etc.","The PIN block is composed of the PIN, the PIN length, and may contain subset of the PAN.","If you prefer to opt out, you can alternatively choose to refuse consent.","The evidence of the right to or ownership in property.","This statement is used by the NAIC, and by State Insurance Commissioners to regulate an insurance company according to reserve requirements, assets, and other liabilities.","All copies of a record other than the master record that were created for purposes of reference or research.","State and chartered by that State to conduct the business of banking.","The EMR can be defined as the legal patient record created in hospitals and ambulatory environments that is the data source for the EHR.","You can also create customized electronic invoice templates for each client.","This annuity contract provides for the initiation of payments at some designated future date.","Electronic Data Interchange for Administration, commerce, and Transport.","Winding up an activity by distributing its assets to the appropriate parties and settling its debts.","This payment term is most commonly used by larger businesses that have many different revenue sources to have payment delayed by two months.","Tax Deduction Account Number.","Transparency can be enhanced by using various tools.","Please enter a valid email address.","The responsible management of environmental, social, and economic resources.","Analogous to usage of the term in data processing in which a transaction can be an inquiry or a range of updates and trading transactions.","ANTICIPThe debtor is to pay before delivery of the goods.","The factor further provides a dedicated sales ledger management service to recover the debts on behalf of the client.","University employees appointed through Human Resource Services.","No service dates required.","An activity that benefits an organizational unit as a whole, but not any specific cost object.","They were used to record the debts of the merchant or businessman.","Read more about the author.","Liquidity relates to how easily an individual or business can convert an asset to cash for its full market value.","Accounts receivable are amounts a company has a right to collect because it sold goods or services on credit to a customer.","An Enrolled Agent is a professional accounting designation assigned to professionals who have successfully passed tests showcasing expertise in business and personal taxes.","The front of a vessel.","Payment, either in cash, by assuming a liability, or by surrendering asset.","Debits must equal credits for an account to be in balance.","Vous avez r\u00e9ussi le test!","The analysis of risk and the decision whether to make a loan to a potential homebuyer based on credit, employment, assets, and other factors.","The current value of a future sum of money based on a specific rate of return.","CPP stands for Certified Payroll Professional.","For EDI purists, computer to computer means direct transmission from the originating application program to the receiving or processing application program.","To be liable for something.","The funds may be accessed by writing checks against the line of credit or by getting a cash advance.","OFC Meaning: What Does OFC Mean?","Please enter your phone number.","GMOs are delegated the authority from the CGMO to obligate NIH to the expenditure of funds and permit changes to approved projects on behalf of NIH.","Services provided to the customer after products have been delivered.","Customization may include adding fields for purchase order numbers, customized product descriptions, and tax rates.","In some cases, the combined balance of all linked accounts may determine whether monthly service and other fees are applied to the account.","The fee charged for delinquent payment on an installment loan, usually expressed as a percentage of the loan balance or payment.","Generally, any credit sale agreement in which the amount advanced, plus any finance charges, is expected to be repaid in full by a specified date.","Once this planning phase is complete and the plans have been accepted as realistic and attainable, the execution processes come into play.","The acquirer is responsible for receiving the credit and debit card transaction details, which are then passed to the card issuer via the card scheme for authorisation.","Deficiency in amount or quality; a falling short; lack.","An arrangement through which a physical certificate is held so that all future transactions can be conducted as if the security were book entry.","Expedited Funds Availability Act.","Businesses and individuals prefer to entrust their finances to qualified professionals with high ethical standards.","Products that are designed, produced, controlled by, and which carry the name of the store or a name owned by the store; also known as a store brand or dealer brand.","Unrestricted funds of the university.","GPA, test scores, or other measurement.","In addition to VMs, virtualization can be performed on many other computing resources, including applications, desktops, networks, and storage.","For instance, the issuer may request a transaction ticket or receipt when a charge is being disputed.","No payment is required upon ordering, and the customer is confident that if he does not like the product, he can simply refuse to pay for it.","Although uncertainty has become the norm for our culture during the pandemic, it has not become any easier to manage through.","There is no fee to the borrower, who receives a full refund of all fees paid.","In marketing, the total demand that would exist within a defined customer group in a given geographical area during a particular time period given a known marketing program.","Mortgage Electronic Registration Systems, Inc.","Gently remind your clients with an email or phone call of their owed accounts.","Examples include tires for an automobile, power supply for a personal computer, or a zipper for a ski parka.","Many companies choose to align their fiscal year with the calendar year.","The time that elapses between the day a check is deposited and the day it is presented for payment to the financial institution on which it is drawn.","Description of products that are stock items not specifically customized or designed for a specific customer or user and are readily available for use.","Here are some of the most common merchant codes to help you identify your transactions.","See Work in Process.","Portion of a business that is planned to be or is discontinued.","Funds appropriated to a state agency by the Texas legislature and on deposit with the State Treasury until disbursement.","Additional information such as accounting data and release notifications are also accessible.","For example, the rights that a debtor or a court grants to a secured party in the assets owned by the debtor.","Strategic sourcing is the process to continuously assess and improve the value created from procurement activities to a business or an organization.","Losses incurred in a wash sale cannot be deducted.","Decline in the prices of goods and services.","List of social media acronyms and digital marketing abbreviations in English.","Equipment made or constructed from raw or processed materials, supplies, parts, small tools, components, etc.","The concept that capacity should be understood, defined, and measured for each level in the organization to include market segments, products, processes, activities, and resources.","Typical clients include banks, mortgage lenders, credit card companies, and other financing companies.","The systems that enable creation of detailed, optimized plans and schedules, taking into account the resource, material, and dependency constraints to meet the deadlines.","Insolvency Practitioner appointed to liquidate, or dissolve, a company.","Why do you need a Financial Model?","Masking relates to protection of PAN when displayed or printed.","Equity is part of the accounting formula.","Evidence of a debt with specific amount due and interest rate.","The creditor may draw a draft payable at maturity andpresent it for acceptance.","Explore responsibilities, qualifications, salary and more within the field.","The Estimated Time of Arrival.","It helps organizations seek out both spoken and unspoken needs, translate these into actions and designs, and focus various business functions toward achieving this common goal.","This hierarchy gives the order in which the various accounting rules are to be applied.","Familiarizing yourself with these acronyms and abbreviations will make your procurement job much easier.","In addition, the statement of a notary public that the person appearing before the notary has been properly identified as being the person purported to be appearing.","The person designated by the Chancellor of each campus and Laboratory Director as the Home Loan Coordinator.","The amount a future sum of money is currently worth today.","Any interest rate or dividend that changes on a periodic basis.","Compliance with solvency and other standards is determined using financial documents prepared in accordance with Statutory Accounting Principles.","Transportation, meal, lodging, or incidental expense.","An additional payment made to reduce the principal balance of a loan.","This invoice cheat sheet covers the details required for invoices and how to get paid on time.","ASSETS less LIABILITIES and certain expenses which may include funeral and administrative expenses.","Balance remaining after one of a series of bookkeeping entries.","Financial instruments whose characteristics and value depend on the characterization of an underlying instrument or asset.","PCI Security Standards Council, LLC.","It is used by Britain and Canada.","We just need a bit more information from you so our specialists know how to assist you better.","Changes in reimbursement based on estimated operating expenses in different regions across the country.","Articles or substances capable of posing a significant risk to health, safety, or property, and that ordinarily require special attention when transported.","In other words, the system or equipment cannot function without these pieces or parts, and they are not accessories or spare parts.","SLI includes the information they need to complete the filing.","In manufacturing, the management and forecast of direct material costs is a major value driver for procurement.","Your information will remain private and secure.","An official publication of the federal government that provides final and proposed regulations of federal legislation.","Save my name, email, and website in this browser for the next time I comment.","These individuals work on behalf of the customer and are not restricted to selling policies for a specific company but commissions are paid by the company with which the sale was made.","The latest time cargo may be delivered to a terminal for loading.","Difference between the cost of the order and the standard cost of the item.","If you have a PO number insert here.","The amount automatically protected will depend upon the balance of the account on the day of review.","Net income is divided buy the sum of fixed assets and net working capital.","CDs generally pay a fixed rate of interest and, depending on the market rate environment, can offer a higher interest rate than other types of deposit accounts.","Required goods must arrive at the agreed time in the agreed quality at the agreed place.","Terms included in the glossary also are highlighted throughout text on the entire website.","It is a contract for carriage; however, it cannot be negotiated.","Knowing the right ECCN for your product plays a role in determining if you need an export license.","In procurement, spend forecasting is the estimation of future spend in order to predict demand and cost changes.","The reference can contain letters as well as numbers.","Do You Need an Investment Proposal Template in Excel?","Please let us know and we will add them to our list of projects to be picked up by our financial modelers!","The initial interest rate specified will be the Program rate in effect at the time a loan commitment is issued.","The total debits must equal the total credits, hence the balance.","This term refers to the array of emerging technologies applied to enable banking and financial services functions.","TPAT standards enables faster processing through customs inspections and formalities.","Property procured from or otherwise provided by the contractor for the performance of a contract and for the cost of which the contractor is entitled to be reimbursed as a direct item of cost under such contract.","Personal Identification Number at the point of purchase.","Orders can be received through phone, fax, or electronic media.","The consolidation loan is like a refinance and is used to pay off the balances on the other loans.","The complete guide to creating an invoice for your business.","The weight of the merchandise, unpacked, exclusive of any containers.","The combined investment holdings of an individual or an institution.","The statutory legislation governing insolvency law and practice in the UK.","Examples of categories are packaging, IT, and transportation.","Payroll is the account that shows payments to employee salaries, wages, bonuses, and deductions.","The triggering of material movement to a work center only when that work center is ready to begin the next job.","What Are the Best Self Employed Retirement Plans?","In warehousing, a measurement of the utilization of the total storage capacity of a vehicle or warehouse.","PDF copy for your screen reader.","Authentication and authorization data repository utilized for querying and modifying user permissions and granting access to protected internal resources.","An Overdraft Protection Transfer fee occurs whenever funds must be provided to cover a transaction that overdraws your checking account.","It consists of items or assemblies of equipment including standard or general purpose items or components that are interconnected and interdependent so as to become a new functional entity for special testing purposes.","YW Meaning: What Does YW Mean?","Incidental acquisition costs include expenses for transport, installation, and assembly.","Where an investor or a company uses debt to finance its operations rather than using equity.","The ability to access or view pertinent data or information as it relates to logistics and the supply chain, regardless of the point in the chain where the data exists.","Continuous monitoring of process performance and adjustment of control parameters to optimize process output.","Metric used in capital budgeting to estimate the profitability of potential investments.","Assessments to gauge the results of treatment for a particular disease or condition.","The notice required by the Equal Credit Opportunity Act advising a credit applicant or existing debtor of the denial of their request for credit or advising of a change in terms considered unfavorable to the account holder.","Note that a short description of the changes you have made to the page is recommended.","Of course, one of the effects of offering credit to customers is that you often need to remind them to pay you.","The bank will freeze the account to preserve the existing funds until legal action can determine the lawful owner.","See also Private Network.","The amount of time it takes to complete a business process.","Specified elements, accounts or items of a financial statement.","NCUA also administers the National Credit Union Share Insurance Fund, which insures the deposits of Federal credit unions.","Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.","See Industrial Development Authority.","Familiar with the Act but does not apply to our purchases.","CDs and some checking accounts; also, the percentage charged on a loan or line of credit.","Unsubsidized loans available to parents of dependent students and to students enrolled in graduate or professional programs.","Also called net earnings or net profit, net income is the amount an individual or business earns after subtracting deductions and taxes from gross income.","AGR notifications via the Internet.","Perpetual and physical inventory controls and tools.","Provides for the delivery of goods to a named enterprise and to no one else.","For example, mailing a check for the mortgage when your checking account has insufficient funds to cover the check, but counting on receiving and depositing your paycheck before the mortgage company presents the check for payment.","Includes all material that becomes obsolete while in a distribution channel.","Sale system, thereby intended to minimize the potential of a data breach.","ASSETS used in the continuing operation of a business that are unlikely to change for a long time.","Each NIH IC that awards grants has one or more GMOs with responsibility for particular programs or awards.","Any creditor that holds no preferential rights, therefore placing them behind secured creditors in the queue to receive monies owed when funds are distributed by a liquidator or administrator.","Bank statement descriptions might list what kind of transaction was made and where it was made.","The formula of specific factors that play a role in determining freight rates.","Principal party of interest.","The virtual corporation is dynamic in that the relationships and structures formed change according to the changing needs of the customer.","The higher the return, the more profitable a business looks.","If agreed, it will stop the Claimant from being able to enforce judgment.","Both entities are equally responsible for the physical protection of materials involved in vulnerable transactions.","Bill form used to submit hospital insurance claims for payment by third parties.","When the number of units received is less than the quantity stated on the shipping documents.","NC are designated as mental health professional shortage areas.","This refers to the actual date on which a transaction occurs that is used in recording and tracking transactions.","Assets having a physical existence, such as cash, land, buildings, machinery, or claims on property, investments, or goods in process.","Direct Debit has been recalled.","SAR has been selected for verification.","Agency responsible for keeping track of the owners of bonds and the issuance of stock.","Masking is used when there is no business requirement to view the entire PAN.","What is a business valuation model?","You can see a list of common payment codes below.","Empty space in a container not occupied by cargo.","Cargo Agents Reservation Air Waybill Issuance and Tracking.","The ACH system is a network of computers that communicate with each other to make payments happen.","An order not to pay a check that has been issued but not yet cashed.","Designed for freelancers and small business owners, Debitoor invoicing software makes it quick and easy to issue professional invoices and manage your business finances.","The transaction or other event obligating the entity has already happened.","Some things are not regulated by Incoterms, for example terms of payment, transfer of ownership of goods, settlement of disputes.","In Analytical Banking there are a lot of abbreviations used.","Shortage of or damage to goods shipped that is not immediately evident upon delivery.","RFD because the CTR for your website decreased and a QA test is required by EOD.","In some cases, backorders are not allowed.","Check issued by a financial institution that functions as cash, but is protected against loss or theft.","In a merger, the bank that absorbs the bank acquired.","Managers use accounting information to make decisions related to buying or selling, investing, and pricing.","Regarding purchase orders, order management includes order placement, monitoring, receiving, acceptance, and payment of supplier.","Designated tuition should be considered institutional funds.","Person who AUDITS financial accounts and records kept by others.","Why are land prices so volatile?","Incoterms are globally applicable standards for delivery terms in international transactions.","The report includes current balance, past due amount, next payment due date and status.","FTP has the ability to encrypt authentication information and data files in transit.","What is a bank statement?","Ontario, New Brunswick, Nova Scotia, Prince Edward Island, and Newfoundland and Labrador.","The cost associated with a single unit of product.","This usually means making a payment for goods or transferring funds electronically.","An account that has little or no activity; neither deposits nor withdrawals having been posted to the account for a significant period of time.","Department of Transportation agency that develops comprehensive mass transport systems for urban areas and for providing financial aid to transit systems.","Theexact date of payment is not specified.","The advantages of COD purchases are great for consumers with credit cards, as they minimize the risk posed by scammers online.","Simplified transaction type that summarizes all accounting transactions based on the balances they update.","The client has the advantage of being offered a lower price for the same product or service.","The term has been expanded since the days when sea commerce was the primary means of transporting goods, and the definition includes all types of transportation and can vary by country or legal jurisdiction.","Payoff occurs either over the full term of the loan or through prepayments.","The balance sheet account with the aggregate amount of the par value or stated value of all stock issued by a corporation.","Data offers a range of mobile payment solutions.","The IRS allows companies to deduct operating expenses.","The rate of consumption of cash in a business.","In finance, the amount determined by discounting the future revenue stream of an asset using compound interest principles.","More often than not, such a clause is unenforceable except when other material defaults are also involved.","The total value of the money owed to a creditor.","HMO, PPO, IPA or other managed care organization.","An extension of credit from a financial institution that is guaranteed by a Federal or State government entity to assist with tuition and other educational expenses.","Supports monitoring of network attached devices for any conditions that warrant administrative attention.","Determines the account balances to update when a transaction is processed.","FOB historically had referred to the transfer of title and liability between buyers and sellers of goods, and it was used solely for goods transported by ship.","DRP, production master scheduling for all products, all channels.","She holds a Bachelor of Arts in English and business administration and a Master of Arts in Adult Education.","United States is referred to as a resident alien.","They do not usually engage in independent practice.","The best single quantitative measure of the frequency and intensity of the demands placed on an activity by cost objects or other activities.","Also commonly referred to as a consumer reporting agency or credit bureaus.","Money Directive is a set of regulations that exist to benefit businesses, customers, and the wider economy.","Costs over the complete life cycle of a product: purchasing and operating costs as well as possible disposal costs.","The VMM is included with the hypervisor and is software that implements virtual machine hardware abstraction.","Budget groups are assigned to the units responsible for administering the funds.","Inbound logistics from suppliers through the production process.","PSO collects, aggregates and analyzes patient safety events that are confidentially reported by hospitals and other healthcare providers.","It represents the profitability of a company after deducting the Cost of Goods Sold.","The amount of goods in the warehouse stock.","Protects businesses from late payment of commercial debts due to insolvency or protracted default, where the insurer assumes the risk and pays the client a percentage of the sales ledger value in such an event.","Commercial is defined as all motor vehicle policies that include vehicles that are used in connection with business, commercial establishments, activity, employment, or activities carried on for gain or profit.","Generally established to reduce the other account to amounts that can be realized or collected.","Avoid collection agency fees.","Software or hardware used to identify and alert on network or system anomalies or intrusion attempts.","Transporting freight by using two or more transportation modes, such as by truck and rail or truck and oceangoing vessel.","Merrill and may offer a different privacy policy and level of security.","These performance measurements are usually poorly correlated with organizational performance.","Hospitals are required to have an Emergency Operations Plan which describes how a facility will respond to and recover from all hazards.","Homeownership is more affordable than you may think.","Department of Agriculture certifying that a shipment has been inspected and is free from harmful pests and plant diseases.","The business functions of procurement planning, purchasing, inventory control, traffic, receiving, incoming inspection, and salvage operations.","Sales at gross invoice amounts less any adjustments for returns, allowances, or discounts taken.","Benefits often include a stated dollar amount for glasses and contacts.","In the United States, ISO is represented by the American National Standards Institute based in Washington, DC.","Please enter your five digit zip code.","Financial Accounting Standards Board.","Trucks that travel fixed routes.","DMA manages the Medicaid and Health Choice programs.","The formula reflects market value adjustments.","The terms and definitions that follow have no binding effect for purposes of any contracts or other transactions with us.","Classification system for drug identification, similar to UPC code.","Website on the Internet.","Instead, it sends payment orders via its secure and reliable network, which must be then settled by the correspondent accounts that institutions have with each other.","Take control of all your business processes.","An airfreight company that offers a blend of transportation services such as air carriage, freight forwarding, and ground handling.","Any data center, server room or any area that houses systems that stores, processes, or transmits cardholder data.","Its goal is to increase retail inventory turns and reduce stock outs.","An infection acquired by an individual while receiving care or services in a hospital or other health care facility.","Creditors who are officers, directors, or stockholders are obvious examples of insiders.","This class of vulnerabilities includes SQL injection, LDAP injection, and XPath injection.","Troy works as a facilitator for family owned businesses through succession and strategic planning processes.","The penalty a seller must pay the buyer if a project does not meet the standards or deadline outlined in the sales contract.","Documented definitions of how work is to be performed.","Discount terms may be allowed in order to accelerate cash collections.","This is typically a report issued at the warehouse when goods are damaged.","An investor, whether an individual, company, municipality or government, loans money to an entity with the promise of receiving their money back plus interest.","EDI server indicating that a message sent to a trading partner has reached its intended mailbox or has been retrieved by the addressee.","Used for focusing attention and may be subjective.","Some vendors will offer longer terms for payment, but the start date is based on FOB date.","These costs are broken into Returns Order Management, Returns Inventory Carrying, Returns Material Acquisition, Finance, Planning, IT, Disposal, and Warranty Costs.","Expenditure on intangible assets in the enterprise, such as services and rights.","This refers to a transaction status denoting an error that occurred during processing that is now preventing settlement of the transaction.","Descriptive narrative for a policy.","Gross Margin is a percentage calculated by taking Gross Profit and dividing by Revenue for the same period.","FOB Destination is more beneficial to the buyer, whereas FOB Shipping Point benefits the seller.","Diversification is a method of reducing risk.","IDA own the building and pay rent to the authority with an option to purchase.","The information thus obtained leads to professional evaluations, conclusions and trend determination.","Web links are provided for many of the agencies and organizations in our glossary.","The emphasis should be on capturing all costs, whether incurred in the entity completing the survey or in a supporting organization on behalf of the entity.","Healthcare has a language all its own, full of complex terms and acronyms that can be confusing.","ASSETS which are beneficially owned by the stockholders and CREDITORS.","An encumbrance reduces budget availability.","It may be held indefinitely, retired, issued upon exercise of STOCK OPTIONS or resold.","Reflects the results of all increases, decreases, and transfers affecting university funds.","Examples include deposits, transfers to, and disencumbrances.","An extra or additional charge.","However, businesses may choose to set different payment terms or even arrange special payment terms with a particular customer.","An order from a customer for a particular product or a number of products.","The party that tenders goods for transportation.","DR stands for Debit.","An agency of the United States Department of Homeland Security.","The outstanding balance on a loan, excluding interest and fees.","Securities and Exchange Commission requires publicly traded companies to use GAAP.","The bill of lading issued by the ocean carrier to its customer.","These rights may be exercised by paying the stated price, may be sold, or may be allowed to expire or lapse.","Software or firmware responsible for hosting and managing virtual machines.","UK Skip to main content capital adequacy ratio.","It includes the time required for order transmittal, order processing, order preparation, and transit.","Bank Recovery and Resolution Directive.","Coupa instances for many different organizations across the globe.","Title IV federal student aid recipients, available to the financial aid community.","The Truth in Lending Act is a Federal law that requires lenders to provide standardized information so that borrowers can compare loan terms.","Anyone else heard of another abbreviation for credit?","Business abbreviations and acronyms can make it easy to send quick messages between colleagues and can help streamline communications in the office.","The issuer is also responsible for the billing and collecting of funds for purchases that were made using that card.","Also see: Deming Circle.","Below are the most common abbreviations for transaction types that may be shown on your bank account statement.","How each affects a business?","This compares with a decentralized system where buying many be accomplished at several locations.","How to learn financial modeling?","Provides the ocean carrier with verification of receipt and the delivering carrier with proof of delivery.","Manifests usually list the items, piece count, total weight, and the destination name and address for each destination in the load.","American Depository Receipt The following list of financial abbreviations will include abbreviations for business, banks, finance, and some of the abbreviations from the stock market.","The period communicates the span of time that is reported in the statements.","Whole or part of the cargo received from the shipper, including any equipment supplied by the shipper.","How many times a year the average inventory for a firm changes over or is sold.","All monies a business owes a creditor for the provision of its goods or services.","Department of Labor that is responsible for setting standards to promote and enforce employee safety in the workplace.","Under this interpretation, the liability for the future or deferred expense would be recognized as an expense of the current period and booked immediately as a liability to be paid.","The most important thing in determining which payment terms are best for your invoicing is to look at your company structure, revenue streams and cash flow and take those into account.","Value created by a company for its customers that clearly distinguishes it from the competition, provides its customers a reason to remain loyal.","The opposite of outsourcing, that is, a service performed in house.","The amount required to place an order.","WPA is the successor to WEP.","Liquid funds act as an indicator for the competitiveness of a company.","The purpose of tracing is to observe and understand how costs are arising in the normal course of business operations.","The alert requires any creditor that is asked to extend credit to contact the consumer by phone and verify that the credit application was not made by an identity thief.","Identifying different payment terms is essential for any size business.","In the case of cultural property rights, reference is made to copyright law; the personal intellectual creation of the author is protected.","The inventory a company holds above normal needs as a buffer against delays in receipt of supply or changes in customer demand.","Faculty and members of the Senior Management Group.","Amount of insurance purchased vs.","Usually this is given during a slack period when sales are down.","An Initiative focused on eliminating all waste in manufacturing processes.","Revenue is any money earned by the business.","Banks will not accept letters of credit that have discrepancies.","An account owned by two or more persons.","Life, Property, Health, Fraternal, Title.","Prepaid shipping charges may be added to the customer invoice, or the cost may be bundled into the pricing for the product.","Private motor carriers may haul at a fee for wholly owned subsidiaries.","For the seller, the COD payment is great for business as it can enhance buyer confidence.","All consumer education and reference material is now in one place, the NAIC Consumers page.","If your client objects to any sort of late payment charges, then this is normally a sign of a pending troublesome situation.","The borrower is only billed for the amount that is actually borrowed plus any interest due.","Data Gyft provides consumers with the ability to purchase, send, and manage plastic or digital gift cards from any device.","The document serves two purposes: to gather trade statistics and to provide a control document if the goods require a valid export license.","NC Division of Health Service Regulation, part of the NC Department of Health and Human Services.","Best practices may vary by industry or geography depending on the environment being used.","See Truncation for protection of PAN when stored in files, databases, etc.","The starting price, set by the buyer, falls at certain intervals until only one supplier is willing to deliver for the price offered.","Also known as statement of financial condition.","Grain and coal are examples of goods usually shipped as bulk cargo.","There are many types of business abbreviations and acronyms.","Regarding manufacturing orders, order management includes order release, routing, manufacture, monitoring, and receipt into stores or finished goods inventories.","See certificated and uncertificated.","The amount remaining after those subtractions is attributed to volatility.","CIF stands for Cost, Insurance and Freight, whereas FOB stands for Free on Board.","Oftentimes, these types of abbreviations are used to add clarifying messages to emails, texts or other memos.","Any owned tangible or intangible object having economic value useful to the owner.","Decentralized procurement takes place in the individual departments or at other locations.","Product ID in each package.","Abbreviations are shortened forms of words or lengthy phrases and are very useful in written communication.","Accounts payable are amounts a company owes because it purchased goods or services on credit from a supplier or vendor.","Used to determine sufficiency of funds for a transaction.","Ownership shares of a corporation authorized by its articles of incorporation.","POI consists of hardware and software and is hosted in acceptance equipment to enable a cardholder to perform a card transaction.","In that example, the prime rate is the index.","Acquisition costs are expenses or costs incurred in order to acquire an asset and bring it to an operational state.","Export regulations apply to deemed exports as well.","ASSETS less LIABILITIES assumed.","Asset types include fixed, current, liquid, and prepaid expenses.","Income received but not earned until all events have occurred.","Commercial is defined as all motor vehicle policies that include vehicles that are used primarily in connection with business, commercial establishments, activity, employment, or activities carried on for gain or profit.","Through the NAIC, state insurance regulators establish standards and best practices, conduct peer review, and coordinate their regulatory oversight.","But they were disappointed by my answer as credit Cr.","ASSETS, LIABILITIES and the EQUITY of its owners.","Also, a right, share or title in property.","The results are often used for continuous improvement programs to reduce throughput times, improve quality, and reduce cost.","Used for improving supply chain management.","Typically, the components provided by the suppliers are hose that are not related to a core competency of the firm, while the components managed by the firm are related to core competencies.","The number of beds a hospital has been designed and constructed to contain.","PDFs are provided by the publisher.","Process of reducing the number of active suppliers, and making purchasing more efficient.","Persons with signature authority for a unit or budget group.","Post a Job on Indeed.","Contracts are individually negotiated and usually include cargo description, quantities per shipment and in total, load and discharge ports, freight rates and duration of the contract.","The movement and storage of finished goods from manufacturing plants to warehouses to customers; used synonymously with business logistics.","In some cases, you may be able to deduct depreciation expenses on your tax returns.","The set of processes and mechanisms which support cryptographic key establishment and maintenance, including replacing older keys with new keys as necessary.","The middle value in a set of measured values when the items are arranged in order of magnitude.","Spend Management is intended to increase the leverage effect of the procurement of materials, products and services.","Maturity Risk Premium is basically the extra return that an investor demands or gets for bearing the maturity risk.","It may also refer to the number of beds set up and staffed for use.","It also places a premium on being first to market and first to achieve critical mass.","Machine downtimes may occur during breakdowns, maintenance, changeovers, etc.","This can lead to impulse buying.","Innovate and streamline gift and payroll card programs.","Instead, the basis in the newly acquired stock or securities is the same basis as of the stock or securities sold, adjusted by the difference in price of the stock or securities.","An injury that does not result in death or permanent disability, but makes the injured person unable to perform regular duties or activities.","What does abbreviation MAE on HSBC bank statement stand for?","An extreme change in the supply position upstream in a supply chain generated by a small change in demand downstream in the supply chain.","How do you define remittances?","Refers to logical access to a system component that occurs over a network interface rather than via a direct, physical connection to the system component.","The attribute allowing the ongoing location of a shipment to be determined.","POs play an important role in spend control.","Processes involved with returning goods from the customer to the manufacturer.","Financial aid programs are administered by the university.","Their goal was to develop standardised messaging and processing of transaction services for financial institutions globally; making global cross border transfers possible.","As it turns out, government accounting standards are not well suited to establish the sinking funds necessary to insure the long term maintenance of such facilities.","Refers to the specific state in which a transaction currently is in in the processing cycle.","Authorization defines what an individual or program can do after successful authentication.","These transactions can take place within the same organisation, or across accounts spread between one or more financial institutions in the banking network.","For example, a critical system may be essential for the performance of a business operation or for a security function to be maintained.","ABC analysis in which a company assigns a subjective critical value to each item in an inventory.","Thinking Of Closing Down A Business?","The schedule contains a number of optional provisions that counterparties can choose to select or add.","The obvious answer to this question is, as soon as you can.","The ROI is calculated by dividing the net profit by the cost of the investment.","Do not send Word or Excel files, as when opened on different machines these can be reformatted, making the information unreadable and more importantly they can be edited.","Covered barges that carriers load on board oceangoing ships for movement to foreign destinations.","Established a framework of responsibilities of federal and state regulators for these financial industries.","The written agreement between a borrower and a lender in which the terms and conditions of the loan are set.","Payment terms cover a broad range of various transaction details when it comes to a sale.","Intercompany eliminations cancel the accounting effects of transactions between firms in the consolidated group so that the final consolidated numbers exclude all transactions between entities in the group.","Portion of the total gain recognized on the sale or exchange of a noninventory asset which is not taxed as ordinary income.","Charging an illegally high interest rate on a loan.","Some are essential to make our site work; others help us improve the user experience.","Set up tracking event on submit.","See basis swap and swap.","Be among the first to know every time a new article has been posted.","MOP rate currently in effect for Program loans.","Also called Loan Consolidation, a consolidation loan combines several student loans into one bigger loan from a single lender.","Medicaid Services for cost and risk contracts.","The person authorized to make purchase agreements for the organization.","Maintained at the budget group level.","The concept that all supply chain functions are integrated and interact in real time; when changes are made to one area, the effect is automatically reflected throughout the supply chain.","Referred to as CAV, CVC, CVV, or CSC depending on payment card brand.","The environment external to a business, including technological, economic, natural, and regulatory forces that marketing efforts cannot control.","Leaving you more time to focus on what you do best: build your business.","REVENUE when earned, rather than when collected.","In traditional management, performance measurements related to machine worker, or department efficiency or utilization.","Pertaining to a statement or formula based on experience or observation rather than on deduction or theory.","Different types of containers exist for different shipping needs.","This amount is then used to determine the level of pay subject to garnishment or child support withholding.","The contract provides for the initiation of payments at some designated future date.","However, if an employee is hired, promoted or terminated, that payroll may begin or end in the middle of the usual pay period.","You can show it to represent your current financial situation.","Direct spend in procurement refers to goods and services that are directly related to making products.","The amount of money by which annual accounts are adjusted to reflect the cost of a reduction in the value of assets.","Taking these things into account generally means using payment terms that outline a net date of up to thirty days after an invoice has been received.","Relies upon both quantitative and qualitative methods.","The act or an instance of taking control of something, especially by force.","May include losses that have been reported to the reporting entity but have not yet been entered into the claims system or bulk provisions.","Want to thank TFD for its existence?","In larger companies, buyers are separately concerned with operational and strategic tasks.","This page provides a glossary of insurance terms and definitions that are commonly used in the insurance business.","Your end customer may be a retail outlet.","It may also cover some services and expenses not covered by Medicare.","New ASSETS invested largely in companies that are developing new ideas, products, or processes.","Often referred to as a truckload carrier.","Discrete manufacturing processes create products by assembling unconnected distinct parts as in the production of distinct items such as automobiles, appliances, or computers.","An account may also be frozen when there is a dispute regarding the true ownership of an account.","Contract management is the process of creating, executing and analyzing contracts with suppliers, partners, customers and employees.","The company must maintain this area in accordance with government safety regulations.","Items for which insurance coverage has been requested and approved, and premium has been paid by the requesting department.","The process of studying data to search for previously unknown relationships.","Instead, the transaction takes one or two business days to move through the system.","One of the most common solutions is to charge interest or fees on the invoice.","The last three digits of a unit code divide the official unit into subunits, which may indicate individuals, such as Principal Investigators, or other programs or projects within the official unit.","An agreement by the holder of an encumbrance against real property to permit that claim to take an inferior position to other encumbrances against the property.","NAIC, assigned to all insurance companies filing financial data with NAIC.","To calculate the net income of a business, subtract all expenses and costs from revenue.","This category of liability is represented by mortgage debt or long term bonds to finance the purchase of long terms fixed assets such as buildings, dams or other infrastructure investments.","The process of making something worldwide in scope or application.","The Federal Methodology takes family size, the number of family members in college, taxable and nontaxable income, and assets into account.","An aircraft specially designed to carry unitized cargo loads on the upper deck of the craft, forward of the passenger area.","With respect to lease obligations, payable from future appropriations.","Accounts payable is recorded when an invoice is approved for payment.","You will need this alongside your IBAN payment.","Would love your thoughts, please comment.","Different supplier number ranges and commodity group systems are harmonized and referenced.","Learn about career options within accounting information systems.","Studying and monitoring of activities are typically seen as being concerned and results in improved productivity.","The code is either randomly assigned by the bank or selected by the customer.","An institutional health setting in which organized health services are provided on an outpatient basis, such as a surgery center, clinic, or other outpatient facility.","The cardholder then repays the issuing bank based on terms of the agreement.","Data program designed to help businesses acquire, develop, convert, and retain customers by allowing them to incorporate both digital and plastic gift cards into their branding and marketing campaigns.","Need help creating invoices for your business?","The rate will depend on where the sale takes place.","Increased or improved value, worth, functionality, or usefulness.","An example of accounts receivable includes when a beverage supplier delivers a beverage order on credit to a restaurant.","Common liabilities include Accounts Payable, Payroll, and Loans.","Supply Chain Operations Reference Model.","Long term liabilities are another category of liabilities and generally refer to formal borrowing arrangements where the terms of repayment extend beyond more than one year.","Holds valuable patient information such as a medical record number, age, name, and contact information.","Combined financial statements of a parent company and one or more of its subsidiaries as one economic unit.","ERP and other enterprise systems together.","Load tender terminology is primarily used in the motor industry.","The first supplier to accept the price currently displayed is awarded the contract.","Scans may identify vulnerabilities in operating systems, services, and devices that could be used by malicious individuals.","CBP uses the form to calculate duties owed.","Arrangement to provide funding to replace existing financing, the most common being a refinance of a home mortgage.","The list of Bank abbreviations in Nigeria.","Used to control what types of transactions may be processed on an account.","This is designed to tide recently terminated employees over until they are able to obtain employment again.","An organization with which the Medicare program and hospitals contract for quality and utilization review of services covered by the program.","They would not include discretionary expenses like the cost of your holiday office party.","However, there are also many other types of payment terms that can appear on invoices that you may not be aware of.","In inventory control and financial accounting, this refers to the practice of using stock from inventory on the basis of what was received first and is consumed first.","The process used to develop products that are new to the sales portfolio of a company.","Materials handling devices that include bridge cranes, monorails, and stacker cranes.","In law, it is an obligation to do or refrain from doing something; a duty which eventually must be performed; an obligation to pay money.","SQL commands by taking advantage of insecure code on a system connected to the Internet.","We use cookies to ensure that we give you the best experience on our website.","Each item of University property can have an inventory record.","When a discount is included for early payment, this is often cited in a specific way as well.","The fundamental rethinking and radical redesign of business processes to achieve dramatic organizational improvements.","Educational institutions have the following indirect cost categories: depreciation and use allowances, general administrative and general expenses, sponsored project administration, operation and maintenance expenses, library expenses, departmental administration expenses, and student administration and services.","The depreciation accounting method determines the decreasing value of a tangible asset over its lifetime.","Nationals of VWP countries must meet eligibility requirements to travel without a visa on VWP, and therefore, some travelers from VWP countries are not eligible to use the program.","Equity denotes the value left over after liabilities have been removed.","Most invoicing platforms allow you to painlessly convert your quote or estimate into an invoice.","All the lessons on this site and much, much more.","The contracting authorities provide for binding framework conditions.","The term refers only to that legal delinquency which results whenever one fails to exhibit the care which one ought to exhibit, whether it be slight, ordinary, or great.","Material moving between two or more locations, usually separated geographically; for example, finished goods being shipped from a plant to a distribution center.","You could consider invoice factoring.","POP stands for Point of Purchase.","It belongs to the parties to agree on the commercialdocuments against which the debtor is to pay or to accept.","Forensic accountants utilize accounting, auditing, and investigative skills when conducting an investigation.","Indicates which items should be taken from your inventory to fulfill orders.","These can be different for each document type and must, therefore, be captured and related to the document in which they were used.","Cost of product plus relevant logistics costs, such as transportation, warehousing, handling, etc.","All items on any given order must be delivered on time for the order to be considered as complete and on time.","An accreditation conferred by the Institute of Management Accountants that indicates the designee has passed an examination and attained certain levels of education and experience in the practice of accounting in the private sector.","If a specific acronym or abbreviation is not in this list, request that your application development manager add it.","Invoices, bills, and contract terms have their own terminology.","The operations involved in pulling products from storage areas to complete a customer order.","This may not be the initial production cost, but one expected to be achieved during the mature production stage.","Data related to electronic payment card transaction.","Get instant explanation for any acronym or abbreviation that hits you anywhere on the web!","Terminal Access Controller Access Control System.","The state of being responsible for something, esp.","To optimize business performance, top management must define and create the necessary culture.","Federal law to be sent to a loan applicant.","While payment processors typically provide acquiring services, payment processors are not considered acquirers unless defined as such by a payment card brand.","Insured by the FDIC, these accounts have limits on the number of transactions allowed and may require higher balances to receive the higher rate of interest.","Also called a Customs Entry Form or Entry.","Relationship between two or more persons based on a written, oral, or implied agreement whereby they agree to carry on a trade or business for profit and share the resulting profits.","Organizations with tens or hundreds of thousands of contracts develop formal contract management processes to maximize operational performance while minimizing financial risk.","Frequently, safe harbors are used where a legal requirement is somewhat ambiguous and carries a risk of punishment for an unintended violation.","Accordingly, we are finding an increasing incidence of major shortfalls in the maintenance costs necessary for proper maintenance and repair of our aging infrastructure investments.","An Irrevocable Letter of Credit cannot be cancelled or revoked by the buyer as long as all documents are proper and approved by the bank and the goods have been delivered to the specified place for shipment to the buyer.","Regarding customer orders, order management includes order promising, order entry, order pick, pack and ship, billing, and reconciliation of the customer account.","Not having one may negatively impact your site and SEO.","Equipment such as rigging or cranes used on a ship for loading or unloading cargo.","The transportation of persons or property between states; in the course of the movement, the shipment crosses a state boundary.","Scripting on this page enhances content navigation, but does not change the content in any way.","The direction on a ship parallel to the center line.","An unexpected occurrence involving death or serious physical or psychological injury, or the risk, thereof.","No credit card data is stored on our server.","The most common is between family members or controlled entities.","When planning business processes, areas such as material, IT, personnel and also necessary operating resources are managed, planned and administered according to requirements.","Same as supplier or seller.","Several serious weaknesses have been identified by industry experts such that a WEP connection can be cracked with readily available software within minutes.","HMRC needs to look at this page and learn because the HMRC website example is just plain text and confusion.","As the sales transaction value moves from the merchant to the acquiring bank to the issuer, each party buys and sells the sales ticket.","Borrower Rate equals the Standard Rate.","Clover Flex delivers the ultimate in flexibility.","This includes conversions from group policies.","The ID needs to be put on each reimbursement voucher in order to verify signature authority.","Catalogue price, target price.","Composed of: sensors that generate security events; a console to monitor events and alerts and control the sensors; and a central engine that records events logged by the sensors in a database.","Highly specialized care given to patients who are in danger of disability or death.","This is achieved by the provision of better care to promote better health at a lower cost.","Federal Trade Commission for interstate traffic.","Also known as Cash in advance.","The process of minimizing the times required to source, handle, produce, transport, and deliver products in order to meet customer requirements.","The IETF has no formal membership and is open to any interested individual.","The function of following up on open orders before the scheduled delivery date to ensure the timely delivery of materials in the specified quantity.","Managing the flow of data in an organization in a systematic, structured way to assist in planning, implementing, and controlling.","This notification is list transmitted to a customer or consignor designating items shipped.","FASB establishes accounting and financial reporting standards for all private sector commercial and nonprofit entities.","In cost accounting, the examination, quantification, and explanation of the effects of cost drivers.","When you create an invoice, it is helpful and often necessary to include your payment terms on the invoice itself.","Basic health care; a branch of medicine that accentuates the point when a patient first seeks assistance in a health care system and the treatment of simpler, more common illnesses and injuries.","Lists the data elements for which standards exist.","All debts that a company has yet to pay are referred to as Liabilities.","After exploring the terms in the accounting dictionary above, you may want to learn more about career opportunities available to accounting professionals or which types of accountants to consult for help with company finances.","Includes both interest paid on the amount held in the account, as well as compounded interest for the year.","Return to Ask a Question About This Lesson!","Depreciation is when an item loses value over time.","When an invoice is raised before the goods are delivered or service commenced.","Cost of Goods Sold.","The average total test and release time for all tests, documentation reviews, and batch approval processes performed from start of manufacturing to release of final packaged product for shipment.","Objects may include virtually anything physical, such as equipment, pallets of stock, or even individual units of product.","Equally critical is the ability to respond immediately and to communicate financial information clearly and concisely in a courtroom setting.","Information that can be utilized to identify an individual including but not limited to name, address, social security number, phone number, etc.","Funds sent by one person to another as payment.","Benchmarking enables reliable comparisons, both internal and external, on the basis of key figures.","In procurement, spend analytics refers to the systematic collection, cleansing, classification and analysis of spend information either with dedicated software or through spend cube projects.","Software applications that permit monitoring events across a supply chain.","Key generation is one of the functions within key management.","Many online ordering arrangements use ARP terms with digital credit card processing, eliminating the need for wait time between ordering and payment.","Combining of two entities.","The specific rules for the audit are set by the Federal Office of Management and Budget.","Use CSV when describing the type of file.","The purpose of this Act is to help consumers protect their credit identities and recover from identity theft.","The maximum fee that a health plan will reimburse a provider for a given service.","Where buyers meet sellers to trade products and services.","This verification process confirms that a credit card has adequate funds to cover a transaction.","Your message has been sent.","Browse the press releases, speeches, interviews, reports and publications related to banking supervision and filter them by date, speaker or activity.","An adjustment made to the accounts of a company that has the effect of putting aside money for future use.","Missing a Financial Model Template?","The party paying for goods or services in a transaction.","An indirect cost uses an assignment or allocation to transfer cost.","It has been discussed that why do you need bank statements.","The certificate may specify the commodities the carrier may haul, and the routes it may use.","An ATM enables customers to complete basic banking transactions without the presence of a bank representative.","Sale terminal, to complete a transaction using a payment card.","If your customer provides you with a purchase order number, then this should be clearly shown on the invoice.","An enterprise that offers overland service to or from a point of export.","Ask new customers to pay their first invoice PIA.","Average normal use stock, plus average lead stock, plus safety stock.","Accounting majors can use this dictionary as a supplemental resource and study guide while completing accounting coursework.","As a result, all contributions of property and equipment, and assets contributed to acquire property and equipment, are recorded as temporarily restricted net assets.","An IBAN is made up of a code that identifies the country the account belongs to, the bank the account belongs to, followed by the account number.","QIOs hold contracts with CMS to make sure patients get the right care at the right time, particularly among underserved populations.","Any commercial good that is shipped.","Payment Application Qualified Security Assessor.","MES detailed and finite interval scheduling, process controls, and machine scheduling.","The process of placing equipment at a selected location.","The Act was amended to address the sharing of consumer information with affiliates.","This code can be carrier tariff or regulating in nature.","This can involve specialized operations such as plating metals or complete functional operations.","Be sure to check both lists for tax abbreviations.","This is optional coverage.","Through digitalized contract lifecycle management procurement teams can be notified which strategic contracts are up for renewal and identify and reduce purchases made outside of agreed contracts.","Remote authentication protocol commonly used in networks that communicates between a remote access server and an authentication server to determine user access rights to the network.","Internal liquidity risk relates largely to funding problems arising from unfavorable changes in the perception of an institution in its various markets: local, regional, national, or international.","Visa to Bank of America personal debit card customers.","Method or Model for Strategic Planning?","Return on Net Assets is an equation that measures financial performance.","Money or property put into the custody of a third party for delivery to a grantee, only after fulfillment of specified conditions.","Reduction from the full amount of a price or debt.","For example, with the Clover Online Store, business owners can give their customers the omnichannel shopping experience that shoppers are increasingly coming to expect today.","The benefits may be exempt from garnishment but you will have to alert the court or creditor.","Comprehensive quality management, in which all employees are involved.","In business, depreciation has a different definition.","The freight may be moved intact inside the trailer, or it may be interchanged and rehandled to connecting carriers.","Download our free guide to learn the fundamentals of finance that will help make your small business more efficient and successful.","Its mission is to provide members with the resources, information and leadership that enable them to provide valuable services in the highest professional manner to benefit the public, as well as employers and clients.","In the year in which the trust distributes its corpus, it loses its classification as a simple trust.","Sending production work outside to another manufacturer.","Accountants recognize accrued expenses when companies incur them, not when companies pay for them.","Medicare benefits by covering certain health care costs that are not paid for by the Medicare program.","An order must be complete to be considered fulfilled.","An accounting period refers to the span of time in which a set of financial statements are released.","Provides an independently verifiable trail sufficient to permit reconstruction, review, and examination of sequence of environments and activities surrounding or leading to operation, procedure, or event in a transaction from inception to final results.","The act of affirming the truth of a document, not an oath.","The monetary value is stored on the card itself and not in an external account maintained by the merchant or a financial institution.","An antitrust law prohibiting unfair trading practices such as giving a supplier false information about what the buyer is paying another supplier in order to obtain a lower price.","Any kind of transferable certificate of ownership including equity securities and debt securities.","Our government is more apt to incur the promise or liability for the expense in their present, then set aside nothing towards its payment and simply book it as a deferred expense to be paid by some future generation.","This site uses cookies to store information on your computer.","The values are based on the best information available at the time that the report was produced.","Purchasing costs as a percentage of purchasing volume, purchasing volume per purchasing employee, adherence to delivery dates, complaints rate.","The tractor is the driver compartment and engine of the truck.","In this scenario, the seller is responsible for the freight charges.","In the context of logistics, a claim is a demand made by a customer to a transportation company for payment in order to compensate for loss or damage of goods.","The funds in the expendable account are used in strict accordance with the terms of the donor agreement.","In the context of PCI DSS, it is a method of concealing a segment of data when displayed or printed.","Annual financial report for all public entities.","PTS is a set of modular evaluation requirements managed by PCI Security Standards Council, for PIN acceptance POI terminals.","The date on which the principal balance of a loan, bond, or other financial instrument becomes due and payable.","Unique identifying value assigned by manufacturers to network adapters and network interface cards.","Measure of how much production volume may be experienced over a set period of time.","Resource attributes could include cost and volumes.","An entire, uninterrupted locomotive, car, and caboose movement between an origin and destination.","The freight and charges to be paid by the consignee.","Charges for services rendered or supplies furnished by a health provider that qualify as covered expenses for insurance purposes.","The setting aside of items from availability for use or sale until all required quality tests have been performed and conformance certified.","What Is a Bill of Lading?","The ability to process orders using a variety of currencies for pricing and billing.","Excess of actual REVENUE over projected revenue, or actual costs over projected costs.","Treasury department and completed by the exporter to show the value, weight, consignee, destination, etc.","Assets that are stored first in the warehouse are also dispatched first.","American College to persons in the life insurance field who pass a series of exams in insurance, investment, taxation, employee benefit plans, estate planning, accounting, management, and economics.","Represents the estimated available budget for future expenditures.","Supplier diversity is an increasingly important area of corporate social responsibility.","CONSIGNThe debtor is to pay as soon as he has himself sold thegoods and collected the proceeds.","The term includes a mandatory insurance or service charge and an applicable tax, except a tax based on the cost of a meal.","Contractual terms between a buyer and a seller that define where title transfer takes place.","Jocko with getting the job done!","For example, they can choose from three keyboards, three monitors, and three CPUs.","Clearing House Automated Payment System: a telegraphic transfer by which funds can be processed and cleared on the same day for a small fee.","All MOP loans are serviced by the Office of Loan Programs.","An official University of Texas entity, such as an academic department, administrative department, organized research unit, or project director responsible for a sponsored project.","Indique un valor de TIN v\u00e1lido.","The items in the shopping cart are eventually ordered if the cardholder chooses.","An acknowledgement of ownership, receipts are proof of a financial transaction.","The period of time and the interest rate arranged between creditor and debtor to repay a loan.","US federally funded health program that provides beneficiaries with medical care, supplemental to that available in US military and Public Health Service facilities.","This method is prohibited under the conditions for federal qualification.","BMACH is a brand of an ATM.","Widely used as an indicator of changes in the cost of living, as a measure of inflation, and as a means of studying price trends.","An optional service from Bank of America that lets you pay your bills online.","Generally Accepted Accounting Principles.","Most individuals that are in business for themselves, such as SOLE PROPRIETORS, PARTNERS or independent contractor, are subject to self employment taxes.","The GL is used in order to prepare all of the Financial Statements.","Thanks a lot for this.","World Wide Web resources to the user.","Two or more carriers of different modes transporting a shipment.","Also known as the Standard Rate.","Each IRA has certain eligibility requirements and unique features.","Interest is then charged on the new balance, including the unpaid principal and the accrued interest.","The bank upon which a check is drawn.","Which Financial Model Templates are missing?","Something that has been or is being produced.","American Institute of Property and Casualty Underwriters to persons in the property and liability insurance field who pass a series of exams in insurance, risk management, economics, finance, management, accounting, and law.","If interest rates fall, the loan payment may as well.","Business owners may find this accounting dictionary useful for understanding basic accounting terms, concepts, and acronyms.","Some governments follow an actuarial approach, which entails paying to a pension or OPEB plan an amount that is expected to be sufficient, if invested now, to finance the benefits of employees after they are no longer working for the government.","IBAN is used by most European countries, Australia and New Zealand but not in the USA or Canada.","The study of the ways goods and services are produced, transported, sold, and used.","There are different methods for allocating the indirect costs or overhead to the products, but the core idea is that both variable and fixed costs are allocated to the end products in full on a per produced unit basis.","SWIFT numbers should be included.","An enterprise that brings together buyer and seller for a fee, then eventually withdraws from the transaction.","Your company may ship to the customer, or a third party may handle shipment, but in either case, your company owns the sales contract and retains rights to the receivable from the customer.","An asset booked to offset the additional minimum pension obligation.","The difference between the purchase price of real estate and the loan amount.","As a tool for financial management of the jurisdiction being reviewed, many of the reports are redundant and the information provided is useless in terms of helping to explain or understand the patterns of spending or the trends they reflect.","Yield curves include implied information about future interest rates.","At the same time, the buyer will record in its accounting system that inventory is on route.","To learn about how we use your data, please Read our Privacy Policy.","The amount of money required to be on deposit in an account to qualify the depositor for special services or to waive a service charge.","Standards of construction, protection and occupancy necessary to minimize danger to life from fire, smoke, fumes and panic.","The act of obtaining permission to import merchandise from another country into the importing nation.","An injury resulting from a medical intervention that is not due to the underlying condition of the patient.","Managed Inventory and Consignment Inventory.","It is important to maintain and further develop the business.","The process related to the movement and storage of products from the end of the production line to the end user.","Sales of products, merchandise, and services; and earnings from interest, dividend, rents.","The first step of a PCI DSS assessment is to accurately determine the scope of the review.","Interchange fees vary by card.","Federal Agency makes known its intentions to award discretionary grants or cooperative agreements, usually as a result of competition for funds.","Money charged for the insurance coverage reflecting expectation of loss.","Usually this posting is something that has nothing to do with the particular topic of a newsgroup or of no real interest to the person on the mailing list.","Barclays website and it has appeared on payments made contactless.","Business entity that is not a payment brand, directly involved in the processing, storage, or transmission of cardholder data on behalf of another entity.","In this case all invoices secured by orders are compared with the order, such as quantity, unit of measurement, total price of the order.","You can consent to processing for these purposes configuring your preferences below.","This is different to a compulsory liquidation, which is forced upon an insolvent company via a winding up order made by the court.","Child care and expenses for disabilities may also be included at the discretion of the financial aid administrator.","Theperiod of time for payment is unspecified.","However, the extent of privileges across different privileged accounts can vary greatly depending on the organization, job function or role, and the technology in use.","Remember that abbreviations and acronyms are used differently in English.","Internet analysts predict this will be the biggest sector on the web.","With all contracts stored in one place, central or local procurement teams can refine and standardize contract terms across suppliers, categories and business units.","Copyright Express Trade Capital, Inc.","COMPENSPayment is to be effected by setting off the amount dueagainst all or part of one or more existing or future claimsof the debtor against the creditor.","Open internet protocol to transfer or convey information on the World Wide Web.","The cost of placing an inventory order with a supplier.","Companies use the information in their general ledgers to prepare financial reports and understand their financial performance and health over time.","European Union which works to ensure effective regulation throughout the EU banking and financial sector.","They are not insured by the FDIC.","Data is a leading provider of a wide range of processing services that support both issuers and acquirers.","This is the legal structure, or type, of a business.","External stakeholders do not belong to the company, but are affected by its strategies and actions.","Referring to an automated identification system.","The forms include a Loan Estimate Disclosure, Fair Lending Notice, and a California Credit Disclosure.","General Packet Radio Service.","MRP logic to drive requirements straight through the phantom item to its components.","PAN, based on a given index for an unpredictable value.","CDs may have complicated payout structures and may not be suitable or appropriate for all investors.","Benefits of the program include a faster turnaround time and less bureaucracy than the old bank loan program.","Any exchange of goods or services for money.","The book value of endowed fund is the original gift, plus any other additions to the account.","Groups of object class codes assigned to each subsidiary account.","Typical bank drafts are negotiable instruments and are similar in many ways to checks.","The total cost of producing a product or service divided by the total number of units.","Series of numbers assigned to checking accounts, savings accounts, or other accounts that identify the financial institution associated with the specific account.","Businesses can set their own payment terms.","The standard credit extension used by most small businesses and freelancers, which is a strong incentive for the buyer to use the particular supplier in the first place.","In cost accounting, the lowest level component of a resource activity, or cost object.","What Causes this Transaction?","Keep your terms simple and straightforward.","Taxes collected on importing and exporting goods.","It formally connects overall objectives, strategies, and measurements.","Relocation of operational work processes to nearby foreign countries.","Orders which are received that do not fit into the volumes prescribed by the plans developed from forecasts.","Federal Department of Health and Human Services and used to determine eligibility for certain programs and benefits.","These are a liability to the company and not included in written premium or the unearned premium reserve.","The disadvantages here are small for the seller.","In accounting, what is the meaning of dr.","Regents of the University of California.","We provided some important abbreviation related to Banking.","Prior approval and authorization for the procurement of these professional services are required.","Condition or activity that has the potential to cause information or information processing resources to be intentionally or accidentally lost, modified, exposed, made inaccessible, or otherwise affected to the detriment of the organization.","This is the process of purchasing products and services that have a lower environmental impact than comparable products and services.","Select a letter from the index below to see the glossary items beginning with that letter.","Balance remaining after one or a series of bookkeeping entries.","Collaboration encompasses business planning, sales forecasting, and all operations required to replenish raw materials and finished goods.","This refers to credit or debit card transactions where the physical card is not present at the point of transaction, such as for online purchases.","Similarly, a trustee is the fiduciary of a trust and partners owe fiduciary responsibility to each other and to their creditors.","Use up and down arrow keys to navigate.","Insurer purchases an annuity for the retirees.","Bank of America branch office.","This can shield business owners from losing their entire life savings if, for example, someone were to sue the company.","We reserve the right to require you to pay overdrafts immediately.","In essence, supply chain management integrates supply and demand management within and across companies.","The cost of loading or unloading a vessel by means of barges.","Public institutions such as municipalities and ministries acquire good or services in a contractually regulated manner from companies that they have selected.","The practice of attempting to sell additional products to a customer during a sales call.","There are a number of abbreviations and shorthand used to specify payment terms.","To move or cause to go from one place, person, or thing to another.","The interest calculated only on the principal funds that have been deposited in the account; no interest is earned on interest that has already been earned on the principal.","Also see: Detention, Express.","The more frequently interest is compounded, the higher the effective yield.","Somewhat familiar with the Act.","Special Events Center, The Performing Arts Center, and the Wildflower Center.","Client Managers may continue to use information collected online to provide product and service information in accordance with account agreements.","Care given to patients who do not require overnight hospitalization.","The buyer then owns the products as soon as they leave the warehouse and therefore must pay any delivery and customs fees.","Trucks hauling certain commodities are exempt from Interstate Commerce Commission economic regulation.","The amount of time a records series must be retained before destruction or archival preservation.","The borrower in a mortgage loan relationship.","Process of identifying all system components, people, and processes to be included in a PCI DSS assessment.","Stipends can be defined in many ways.","Organizations intermediate in manufacturing and distribution process such as wholesalers and retailers.","The time agreed upon between two enterprises for goods or transportation equipment to arrive at a selected location.","The production plan is the result of the aggregate planning process.","Examples include managed service providers that provide managed firewalls, IDS and other services as well as hosting providers and other entities.","The shipment weight used in determining freight charges.","Also known as Days in Inventory, A ratio used to measure the average number of days a company was able to sell the average number of inventories they held during that time period of year.","Business owners and accounting students can find detailed explanations of accounting terminology, accounting acronyms, and accounting vocabulary words.","An EMV or chip card is a standard card that contains an embedded microchip as well as a traditional magnetic stripe.","The Federal Reserve, the central bank of the United States, provides the nation with a safe, flexible, and stable monetary and financial system.","TAX stands for Tax and Expenditures.","Importantly, it also includes coordination and collaboration with channel partners, which can be suppliers, intermediaries, third party service providers, and customers.","We look forward to working with you.","Various sales taxes and certain excise taxes.","The period of time allowed for the removal or accumulation of cargo before charges become applicable.","Outpartnering is typically found during the early stages of product life cycle when dealing with products that are viewed as critical to the strategic survival of the firm.","COLLECTThe debtor is to pay against financial documents notaccompanied by commercial documents submitted forcollection by the creditor.","This accounting terminology guide may assist prospective students in deciding whether to pursue a degree in accounting, or even just take an intro to accounting class.","Financial and administrative cost recoveries from grants and contracts.","Accounting liquidity measures how easily someone can pay for things using liquid assets.","The analysis of profit derived from cost objects with the view to improve or optimize profitability.","Cash flow statements are financial statements, and they include all cash a business receives from its operations, investments, and financing.","Provisions and procedures of insurers used to avoid duplicate payments when claims are covered by more than one insurance company.","Accounts payable refers to the money a business owes to its suppliers, vendors, or creditors for goods or services bought on credit.","Which one you choose is up to you.","The physical form or electronic transaction a buyer uses when placing an order for merchandise.","Referring to when accountants used physical ledger books to track transactions, closing the books means accounting for all financial transactions within a certain period.","Cash basis accounting is an accounting method that does not incorporate transactions until the business receives or pays cash for goods and services.","TLS is successor of SSL.","The HHS centralized grants payment system operated by the Payment Management Service, Program Support Center.","The removal of funds from an account.","The customer, who owns the invoice process, now your invoice in their queue.","As you can guess, every debit has a credit.","Those funds are not subject to certain taxes at the time of deposit.","See Dead on Arrival.","New assets invested largely in companies that are developing new ideas, products, or processes.","The Card Verification Code is an authentication code added to a payment card for use during the authorization process.","Protection of information to insure confidentiality, integrity, and availability.","The total weight of a vehicle including the weight of the vehicle itself and any attached containers.","An approach to rate making whereby the ante is based only upon the shipment weight and distance; widely used in TOFC service.","Instead of writing a check or entering a credit card number every time you pay, you can provide your checking account details and pay directly from your account.","It includes raw and processed materials, supplies, small tools, etc.","The PSP takes on the responsibility of ensuring that electronic payments are processed in a secure and reliable way.","Also see: Categorical Plan.","However, discounted options do not qualify as performance based compensation and therefore the deduction that the company would get may be partially or completely lost.","Variable costs, on the other hand, change each month and may include discretionary spending or unpredictable expenses.","Mail code indicating where payment is to be sent.","Examples include but are not limited to horse shows; motorcycle races; automobile races; rodeo; sporting events such as football, baseball, basketball, hockey and soccer games; and wrestling, or boxing.","Good relationships between customers and suppliers depend on prompt payment.","Enter a valid ITIN value.","Try searching for something else, selecting a category, or try creating a ticket.","Moving shipments through regular channels at an accelerated rate.","Difference Between a Checking and Savings Account?","The act of retaining a quantity to ship against an order when other order lines have already been shipped.","Payments made via a RTGS are settled as soon as they are processed, and once processed, payments are final and irrevocable.","Enter a valid mailing address.","See Return on Assets.","In the payments industry, this term often refers to technology companies competing with traditional financial institutions in delivery of services.","This topic contains definitions of acronyms and abbreviations used throughout this Guide.","Insure U and Stop.","One of the core tasks of purchasing: professional strategic design of relationships and control mechanisms for better services, prices, quality, etc.","This does not include indirect resources like material handlers who move and stage product, and mechanical and electrical technicians who maintain equipment.","Taxpayers meeting statutory requirements MUST file various returns on the prescribed forms.","Our free credit advice is personalized to your unique situation.","Where did costs arise?","Two or more motor carriers working together to haul a shipment to a destination.","Financial help to those enrolled is an eligible program as a regular student at an institution participating in our federal student aid programs.","Payeezy Gateway, that helps ensure faster, uninterrupted online payments thanks to top processing speeds and an intelligent infrastructure.","The weight of goods not including the weight of their packaging.","Vessels may be required by law to produce a manifest for every container being transported.","UAAL, with zero value in associated investment assets.","Examples include routine purchases of goods and services, which create Accounts Payable, that are generally paid in the following month.","The official annual income level for poverty as defined by the federal government.","The systems that assist in the process of identifying, aggregating, and prioritizing all sources of demand for the integrated supply chain of a product of service at the appropriate level, horizon, and interval.","FOB on an invoice stands for Free On Board or Freight On Board and refers to the point after which a business shipping products to a buyer is no longer responsible for the items.","Special forms signed by the consul of a country to which cargo is destined.","Fee paid to the bank to compensate them for the cost of administering the loan.","An enterprise that arranges for the acquisition of goods or services and agrees to payment terms for such goods or services.","The amount of time an item may be held in inventory before it becomes unusable.","Required by all world ports and is the primary source from which import duties are assigned.","It captures the support required from the customer and identifies contingency plans for events that could throw the project off course.","IC stands for Independent Contractor.","Return on Risk Adjusted Capital is the rate of return that evaluates riskier ventures based on the capital at risk.","Those who use the cash accounting method only count sales as revenue once the business receives payment.","Securities and Exchange Commission resources and oversight and for other purposes.","For tips on how to quickly resolve disputes read this blog.","The percentage that is charged based on the taxable sale.","The customer may have the option to reload funds for continued use.","This covers free or discounted prices for children under a certain age.","Include in your invoice the different methods of payment that you accept, together with your bank details.","Abbreviations are used to replace words or expressions while acronyms simply take the first letter of each word.","Please refer to www.","Or, for example, the rights that a lessee is granted in the lease of property owned by a lessor.","Get more great content in your Inbox.","The program supports the Card Brand rules and guidelines which enables payment facilitators to facilitate payments seamlessly on behalf of multiple sub merchants.","Find out about abbreviations commonly used on your Ulster Bank statement.","Publishes event notification payloads to an endpoint.","Finally, businesses may need to purchase software or invest time and resources into transitioning to ACH transfers.","Departments such as purchasing, sales and marketing access standardized data and can thus control more effective communication with suppliers and customers.","State of Texas to categorize equipment.","Want More Helpful Articles About Running a Business?","Vulnerability that is created from insecure coding techniques, resulting in improper input validation.","For example, a requirement for the borrower to provide annual audited financial statements to the bank during the term of the loan.","When the term is over it can be withdrawn, or it can be held for another term.","Forensic accounting encompasses investigative accounting and litigation support.","Please enter a password.","Following World War II, the federal government encouraged the building of hospitals and other health care facilities by providing funds for expansion and development.","The mathematical process of obtaining an unknown number that has a value between two known numbers in a series of numbers.","Costs, excluding acquisition costs, incurred to bring a new unit into production.","The food industry typically uses this type of carrier.","Inventory for which there is no forecast demand expected.","It is found by dividing INCOME by average total assets.","If you have customers abroad and want to receive international payments, then your bank can provide you with codes to do this.","The redirect does not point at a valid page.","The functions associated with buying the goods and services the firm requires.","An independent agency of the United States government created by statute to regulate interstate communications by radio, television, wire, satellite, and cable.","The cumulative internal and external lead time to manufacture shippable product, assuming that there is no inventory on hand, no materials or parts on order, and no prior forecasts existing with suppliers.","For endowments with a book value below the minimum threshold, the spendable funds are reinvested into the book value until the minimum threshold is met.","Office of the President.","Provides the framework for the preparation of an ocean bill of lading.","An itemized memorandum of the cash and other funds that a customer presents to the bank for credit to his or her account.","Serial numbers are usually applied by the manufacturer but can be applied at other points by the distributor or wholesaler.","Payment to the merchant for sales drafts less credits minus the appropriate discount fee.","The advantages here are pretty easy to see.","The party paid in a transaction; the seller.","Hazardous Materials or Dangerous Goods?","There are actually three variations with this type of transaction.","Should I consider a debt restructuring?","How quickly and efficiently a company can ramp up to meet demand.","The title refers to a key member of a Senior Executive team, engaged in defining the overall business strategy and direction of an organization.","BACS is the best.","Pay technology seeks to supplant manual bill payment still performed with paper checks.","This is found by dividing CURRENT ASSETS by CURRENT LIABILITIES.","NFC chips are stored inside payment cards to enable contactless payments, and more recently, inside smartphones, stickers, and wearable devices.","This includes costs associated with order processing, inventory allocation, ordering from internal or external suppliers, shipment scheduling, order status reporting, and shipment initiation.","Joint credit may be issued to organizations as well as groups of individuals.","Business applications and operating data are stored or processed in a central database, an ERP system.","There are many shapes and sizes of containers.","See First In First Out.","Part of the NC Department of Health and Human Services.","Unfunded liabilities are further discussed throughout this web.","It is now known as the Primary Care Loan.","Value of an asset at the end of its useful life.","The part of the truck that carries the goods.","Excludes interest on debt, domestic or foreign income taxes, depreciation and amortization, extraordinary items, equity gains or losses, gain or loss from discontinued operations and extraordinary items.","Chronological record of system activities.","The assumption is in exchange for a premium.","The fact that government policy does not specifically mandate maintenance investments is largely to blame.","The health standards and quality bureau of the Centers for Medicare and Medicaid Services.","Changeovers usually lead to downtime and for the most part, companies try to minimize changeover time to help reduce costs.","FEMA oversees the administration of flood insurance programs and the designation of certain areas as flood prone.","The total value of goods produced and services provided by a country during one year, equal to the gross domestic product plus the net income from foreign investments.","Form of doing business pursuant to a charter granted by a state or federal government.","Its aim was to set up a social insurance system in order to reduce destitution among senior citizens and the disabled.","The person who writes a check or draft instructing the drawee to pay someone else.","An NIH official responsible for the business management aspects of grants and cooperative agreements, including review, negotiation, award, and administration, and for the interpretation of grants administration policies and provisions.","Those items that have been returned, have been delivered damaged and have a freight claim outstanding, or have been damaged in some way during warehouse handling.","See also Container ID.","The packaging, such as a carton, case, box, bucket, drum, bin, bottle, bundle, or bag, that an item is packed and shipped in.","When it comes to penalties for late payments, you will have to include a late fee on invoices if they are paid after the due date, and grace period if you offer one.","Principal warehouse activities include receipt of product, storage, shipment, and order picking.","For the seller, there is a natural risk with the customer possibly refusing to pay.","In the procurement business, there are a lot of abbreviations and acronyms to keep up with.","Port where a ship discharges or receives traffic.","An individual unit an operator uses for creating and maintaining programs and files; can often access the mainframe simultaneously.","Similarly, individual awards that are subject to approval by the board of directors, management, or both are not deemed to be granted until all such approvals are obtained.","The transfer of money, or other agreed upon medium, for provision of goods or services.","The increase in a deposit account balance that occurs when a deposit is made to the account.","For road transportation, a platform from which trucks are loaded and unloaded.","Imprest funds are reimbursed by preparing a payment voucher, attaching receipts supporting the purchases, and submitting the voucher with supporting documentation to Accounting and Financial Management.","This one should be pretty familiar.","Amount owed to a creditor for delivered goods or completed services.","The only money that counts as capital is money that you can access.","Government or the contractor as determined by the terms of the contract.","The buyer would also be responsible for any damage, loss or theft.","This article and related content is provided as a general guidance for informational purposes only.","Total time needed from order to transport to receipt and inspection of the goods or service.","If the stock were held at the configuration component level, the company would have nine SKUs.","FOC on an invoice, bill or contract refers to something not requiring payment.","Prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age, or because an applicant receives income from a public assistance program.","Also performed by others in connection with acquisitions and other transactions.","The restriction of authority to make decisions to few managers.","In this sense, it is not a required or compulsory contribution as it would be under the terms of most Pension obligations.","The carrier activities involved with controlling equipment; involves arranging for fuel, drivers, crews, equipment, and terminal space.","See also Unsubsidized Loans.","Can also be referred to as indirect cost recovery.","Refers to the exporter or shipper from which the goods originate.","You probably have more experience with ACH than you realize.","Weapons, ammunition, explosives, narcotics and drugs, radioactive material, hazardous material, hazardous waste, precious metals, and any other item designated by a Defense Agency to be sensitive.","GK, General Studies, Optional notes for UPSC, IAS, Banking, Civil Services.","That would mean that payment would be due as soon as products or services are delivered, which could be devastating for small businesses with low funds.","This process enables the merchants to introduce their products and services, as rewards, to new groups of customers, in the hopes they would become recurring customers.","This kind of chip technology adds layers of security against fraud and is virtually impossible to duplicate.","They can also be sold in capital markets.","Examples include but are not limited to ballet performances; ice skating shows; motion pictures; musical concerts; and circuses.","Japan where the companies largely remain legally and economically independent, even though they work closely in various ways, such as sole sourcing and financial backing.","Act that departs from what should be done; imprudent deviation, unintentional mistake or omission.","University of California program authorizing the granting of special housing allowances to assist with down payments, mortage payments, and other housing related costs.","European payment initiative which was introduced in order to establish a single payment market; making it simple and less costly for consumers and businesses to make and receive payments across Europe.","In addition, the causes of items missing from the buffer are identified, and the frequency of occurrence is used to prioritize improvement activities.","Online Business Ideas: Which Internet Business Is in Most Demand?","Want to save this page for later?","The creditor maydraw a draft payable at maturity and present it foracceptance.","In cost accounting applications, the share of costs imputed, attributed or allocated to the cost center or product being measured.","This standard is governed by the Payment Card Industry Security Standards Council and exists to increase controls around cardholder data and to reduce credit card fraud.","The written evidence, such as a deed, that proves legal right of possession or control.","After being clear about how much the payment is, you also want to make it easy for your customer to physically pay you.","Monthly process for interdepartmental corporate management.","Such as where the manufacturer ships direct to a retailer, bypassing the distributor.","FOB is most often included on commercial invoices.","Obligation whose liquidation is expected to require the use of existing resources classified as current assets, or the creation of other current liabilities.","This collection of articles is intended to help inform and guide you through the process of determining which level of degree and types of certifications align with your desired career path.","Settlement is what occurs when the acquiring bank and the issuer exchange data or funds during that function to complete the payment transaction.","Systematic monitoring of all factors influencing the product quality and production process.","Change of an IP address used within one network to a different IP address known within another network, allowing an organization to have internal addresses that are visible internally, and external addresses that are only visible externally.","Product is manufactured or acquired in response to sales forecasts.","All capitalized and controlled assets are recorded on the official inventory.","With your templates, they all came up with their own businesses and created a fictional invoice for services.","Any card that primarily accesses a deposit account.","All vendors, service providers, and customers are links in the supply chain.","Each weight represents a relative amount to be paid for each service.","Managing all aspects of a contract to guarantee that the contractor fulfills his obligations.","Distribution center location where the actual physical receipt of the purchased material from the carrier occurs.","Middleman or distributor who sells mainly to retailers, jobbers, other merchants, and industrial, commercial, and institutional users as distinguished from consumers.","For procurement teams, contract lifecycle management is the proactive control of supplier relationships and performance through the strategic use of contracts.","Use when describing an integration or import method.","The management of product categories as strategic business units.","Guide to Creating a Business Plan for a School Business which Works!","The issuing of credit to two or more people, based on combined income, credit histories, and assets.","The amount contributed is not taxed until withdrawn.","An empty backhaul is called deadheading.","Ship Squadron MPT Manpower Personnel and Training MPV Military Pay Voucher MQG Domain designation for MCB Quantico, VA.","The export agreement should be properly drafted covering all the relevant information.","The fraud score assigned will determine if additional verification is required for the transaction to proceed.","Breach of contract occurs when one party has not fulfilled its part of a valid agreement.","This includes costs associated with maintaining the customer database, credit check, accepting new orders, and adding them to the order system, as well as later order modifications.","Acronym for Industrial Development Corporation.","Includes development and implementation costs.","Logical local area network that extends beyond a single traditional physical local area network.","This list will help you to ace your preparations and your general awareness.","We made these changes so that it would be easier for you to read and find the information that is important to you.","Fly High is an airline company.","FTP is widely viewed as an insecure protocol because passwords and file contents are sent unprotected and in clear text.","The cargo carried in a transportation vehicle.","It has been sent to the Customer and you will hear back from him shortly.","An opening in the side of a ship used for handling freight.","Sign up to our free trial account.","In general, postemployment benefits are financed in one of two ways.","An illness or other medical condition that a patient has experienced before the effective date of insurance coverage.","For most retailers, the FOB type is referenced on all documents, including the invoice for payment.","Additionally, some employers choose to match the contributions made by their employees up to a certain percentage.","Students can use this accounting dictionary to look up accounting terms, definitions, and acronyms.","Accounting postulate which stipulates that, except as otherwise noted in the financial statement, the same accounting policies and procedures have been followed from period to period by an organization in the preparation and presentation of its financial statements.","The same concept of fill rates can be applied to order lines and individual products to provide statistics on percentage of lines shipped completely and percentage of products shipped completely.","Large, open international community of network designers, operators, vendors, and researchers concerned with evolution of Internet architecture and smooth operation of Internet.","Notary Public or other officer having the authority to administer an oath.","Providers that process FX payments often add a high commission to this rate in order to make a profit from the transaction.","Down Arrow keys to increase or decrease volume.","If you have an unsubsidized loan, you are responsible for the interest that accrues during the deferment period.","Many entrepreneurs and small business owners wonder: What is an invoice?","The amount of uncollected funds represented by checks in the possession of one bank but drawn on other banks.","Performance measures enable periodic comparison and benchmarking.","And, it is at this juncture that Government standards for reporting of liabilities substantially departs from commonly accepted accounting rules as practiced in the private sector.","The organization in each State that supervises the operations and affairs of State banks.","The power of attorney may be for a definite, specific act, or it may be general in nature.","An asset is anything of value that your business owns.","The purchase of goods or services from within a mobile application.","Unfortunately, this in not the system currently being followed by agencies of the government at federal, state or local levels.","Federal agency that administers Medicare and oversees state administration of Medicaid.","Indique una direcci\u00f3n de correo v\u00e1lida.","Companies that provide information to lenders and businesses, upon request and for a small fee, regarding the credit rating of companies they are considering offering credit to.","Public Health Service responsible for research on quality, appropriateness, and cost of health care.","The purchase of material to be used in manufacturing or for resale as opposed to indirect purchasing.","Run your entire business, including finances, sales and accounting.","All the items in the group make up a class.","It is important to identify these organizational weaknesses at an early stage in order to avoid interruptions in the production or supply of key products or services.","Department of Health and Human Services that provides health care grant programs.","AQL represents a quality level that, for the purposes of sampling inspection, is the limit of a satisfactory process average.","Office of the Comptroller of the Currency.","Companies can deduct some eligible expenses from their taxes.","Fees may also be added when a transaction has to pass through multiple correspondent banks to reach the recipient.","However, there are exceptions such as the automotive industry, where manufacturers such as Daimler, BMW and Tesla are referred to as OEMs.","Pulling material for an order from inventory before the material is required.","Social Security benefits paid into your checking account.","The rate is determined by dividing net income by the allocated risk capital.","Occurs when a borrower is allowed to postpone repaying the loan.","Difference between two prices, usually a buying and selling price.","There is no obligation to enroll.","The return of an empty transportation container to its point of origin.","It is calculated as net profit divided by net worth and is expressed as a percentage.","Fostering small businesses and expanding homeownership are the best tools banks and policymakers have to build wealth in America, particularly in communities of color.","An inventory reduction strategy that feeds production lines with products delivered just in time.","The resulting output from a process.","The transferee is only liable to the extent of the value of the property received from the transferor.","To help you get started, we compiled an assortment of basic financial terms and acronyms and created this simple accounting glossary for beginners.","Will allow all transactions to be processed.","The management and controlling of transportation modes, carriers, and services.","An arrangement that automatically moves funds from your account to another on a date you choose; for example, every payday.","Unlike most Institutional Methodologies, however, Federal Methodology does not consider the net value of the family residence.","The space for indicating terms of payment onthe Layout Key was limited, making the use of conciseexpressions essential.","Also known as Quit Claim Deed.","Fixed expenses do not change from month to month, including rent, salaries, and insurance payments.","Essentially the opposite of accounts payable, accounts receivable refers to the money owed to a business, typically by its customers, for goods or services delivered.","Advantages include better conditions through volume bundling, targeted utilization of warehouse capacities, reduction of logistics costs, standardized personnel development, and having a better overview of suppliers.","Lien A form of payment protection for parties to an agreement for improvement of real property involving construction material or services.","The place where the money for a line on an order or invoice is coming from.","Such a business usually maintains a finished goods inventory.","The program was established to eliminate unnecessary barriers to travel, stimulating the tourism industry, and permitting the Department of State to focus consular resources in other areas.","That company must lawfully file this secondary name or faces fines and penalties.","As part of risk management, strategies and processes are proactively aligned in order to be able to react quickly and adequately in an occurrence of damage.","An application used to maintain profiles of each department and each mainframe user ID.","Medicare program under which eligible Medicare enrollees can elect to receive benefits through a managed care program that places providers at risk for those benefits.","Free of Particular Average.","The difference between the credit limit assigned to a cardholder account and the present balance of the account.","Are paper statements still produced?","The act of obtaining goods or services from outside sources.","Can be used when dealing with new clients or customers with a poor payment history.","Invoices are a written or electronic documentation of the business to the consumer.","Contract reserves are in addition to claim and premium reserves.","Here are common HR and management acronyms and abbreviations.","Other educational routes include standalone classes, webinars, and workshops on accounting topics.","FEHBP, Medicare and Medicaid programs, or dental only business.","Variable expenses do change monthly, and they may include discretionary or unpredictable but necessary costs.","An account has two titles: an official title set up by Accounting and Financial Management, and a departmental title.","What are debits and credits?","Often includes electronic commerce with suppliers.","This is a change in the businesses capital arrangements.","This glossary covers terms commonly used by Coupa to explain our product and services.","ISAs that stands for reasonable Charges, easy Access, fair Terms.","The first six digits of an HS code are universal across all countries, but each country will add additional digits to further specify products.","Internal users are university departments represented by charges to accounts over which The University of Texas at Austin has fiduciary responsibility.","Discover how to create the perfect invoice here.","The bank reviews the documents submitted and verify its authenticity.","Medical care for illness or injury requiring attention at a level higher than for a physician office visit but less than the level of emergency care.","Pay attention to names, capitalization, and dates.","This term often appears in ocean or airfreight tariffs respectively.","Examples of public networks include, but are not limited to, the Internet, wireless, and mobile technologies.","Submits a report to Congress annually.","Agreement on the Recommendation was reached byconsensus.","Any note or other time instrument of indebtedness that has not been paid on the due date.","Enrolled agents can typically represent any type of taxpayer.","Treasury notes can be extrapolated or interpolated.","The stock which is contained within a single facility or building.","An oral or written description of something, such as a book, event, or situation.","Rules governing LLCs vary significantly from state to state.","What Does ACH Do for Businesses?","Under SOLAS, exporters are required to provide a verified weight of the goods before they are loaded onto a ship for transport.","This structure often involves the use of data collection devices for communication between the centralized dispatching function which usually reports to the production control department and the shop manufacturing departments.","Utilizing an outsourcing service provider located in a country other than where the client is located.","Standardized technology communications protocols; network services a collections of communication formats or endpoints capable of exchanging messages.","Trends are used in forecasting to help anticipate changes in consumption over time.","Checks if information such as username and password that is passed to the RADIUS server is correct, and then authorizes access to the system.","Sorry, search is currently unavailable.","Rasmussen University is a regionally accredited private university.","Free Application for Federal Student Aid submitted electronically to institutions and state agencies.","SWIFT payments are a type of international transfer sent via the SWIFT network; however, SWIFT does not facilitate the transfer of funds.","Goods shipped by suppliers to retailers with all necessary tags, prices, security devices, etc.","Receipt is a document that proves payment was made.","The initial port of entry where a vessel transporting goods first arrives at a country.","Because there are so many terms used, it makes sense to keep them as short as possible for easier communication.","Duplicate copy of data made for archiving purposes or for protecting against damage or loss.","You cannot get a deferment if your loan is in default.","The activities that determine the specification and quantities of a product or service prior to contracting for its supply.","See marketable and investment grade.","People with some type of health insurance but not enough to cover all their health care needs.","Right of shipper to determine carriers, routes, and points for transfer shipments.","Pertaining to work performed when demand is present.","The time interval between the dates on which regular periodic statements are issued.","An editing interface in which a file created is displayed as it will appear to an end user.","Please attach a smaller file and try again.","This refers to the maximum amount that a cardholder may owe to the issuer on the card account at any given time.","This account is recorded as a liability on the Balance Sheet as it is a debt owed by the company.","This is a type of transaction where the customer has to provide payment when the goods are delivered.","Investments with Unequal Terms using IRR Models.","Capital gains have historically been taxed at a lower rate than ordinary income.","Also called Total Landed Cost of Net Landed Costs.","In variables sampling, the numerical magnitude of a characteristic is measured and recorded for each inspected unit; this type of sampling involves reference to a continuous scale of some kind.","Financial measure calculated by dividing profit by assets.","The responsible person is the person who has the equipment in his or her possession and will safeguard the asset to ensure it is not lost or stolen.","The primary intention is to replace multiple loans with a single consolidated loan to simplify repayment.","Amy provides workplace solutions to improve performance, reduce liability and increase profits.","MCO system as established under current law has produced inconsistent networks, provider quality, and treatment options depending on where people live.","An additional import duty imposed to offset Government subsidies in the exporting country, when the subsidized imports cause material injury to domestic industry in the importing country.","OWASP maintains a list of critical vulnerabilities for web applications.","These professionals must meet education and experience requirements and pass the uniform CPA exam.","SWOT analysis is useful in developing strategy.","The final buyer of the product who purchases the product for immediate use.","The warehouse space that is rented or leased by an independent business providing a variety of services for a fee or on a contract basis.","Some customers may also require that the name of the contact person is shown on the invoice.","Sale and ATM locations.","Basically, this is anything the company bills out.","Please enter your last name.","These links lead to NAIC resources developed primarily for them and their departments.","Outbound logistics, from the end of the production line to the end user.","In a DRP or MRP system, a planned order whose status has been updated to a fixed order.","Water carriers that operate on the five Great Lakes.","CDs provide the investor the ability to participate in the appreciation, if any, of a particular index, during the term of the CD.","OPEB generally takes the form of health insurance and dental, vision, prescription, or other healthcare benefits provided to eligible retirees, including in some cases their beneficiaries.","This responsibility includes tasks such as ensuring that products get through Customs.","The determination of how to structure a supply chain.","Capital is the money that you have on hand and are able to spend on necessary business expenses, including inventory, payroll, and equipment.","The legal proceedings by which the affairs of a bankrupt person are turned over to a trustee or receiver for administration under the bankruptcy laws.","What Is Business Procurement?","Some abbreviations appear twice.","The organization also is involved in deliberations on marine environmental pollution.","The University may, as its option, refuse to sign a Subordination Agreement.","Form signed by campus representative certifying that the applicant is eligible for Program participation and the amount of the loan allocation.","Transport of goods over a short distance.","In case of a foreclosure, the first mortgage will be repaid before any other mortgages.","Freight charges paid by a shipper prior to release of bills of lading by the carrier.","Join our Sage community to speak with business people like you.","Accounting majors and learners from other disciplines may find this resource helpful for understanding how businesses can make smart financial decisions.","Refer to ASV Program Guide for more information.","Ever encountered financial abbreviations that you have no idea what it means and what it is for?","The written contract that spells out agreed upon terms between EDI trading partners.","Excess of CURRENT ASSETS over CURRENT LIABILITIES.","Used for customs and foreign exchange purposes.","Coverage also includes inspection of the equipment.","An infection acquired by an individual while receiving care or services in a health care organization.","Disposable earnings refer to any wages that are left over after all government taxes and defined deductions have been taken out of the paycheck.","The signature card represents a contract between the bank and the depositor.","No shipping costs were incurred.","Appointee who has been designated as an eligible Applicant and Primary Borrower.","Network segmentation is not a PCI DSS requirement.","The concept of adding an element of human judgment to automated equipment.","Of course, the longer your payment is delayed, the worse it is for your cash flow and, if you are a small business owner or freelancer, you could face difficulties in staying afloat.","Common assets to be depreciated are automobiles and equipment.","Also, products supplied to the original equipment manufacturer or sold as part of an assembly.","Point at which certain benefits available to an employee are no longer contingent on the employee continuing to work for the employer.","Customs broker fees should also be included in this category.","Suppliers submit bids within a previously defined period.","The Bank of America banking glossary helps you find the definitions to common banking terms.","When a driver drops off a full truck at a warehouse and picks up an empty one.","However when we get our bank statement, we face a number of problems in reconciling our accounts.","This section pertains to potentially confusing terms that relate to the balance sheet.","Seizure of collateral by a creditor when default under a loan agreement occurs.","Accounting and Financial Management prior to a treaty benefit appointment.","The owner uses the public warehouse receipts as collateral for a loan.","Misrepresenting freight information on shipping documents.","This term refers to an amount of money added to the total purchase price of a retail transaction paid by debit card where the customer receives that amount in cash along with the purchased item or service.","This includes costs associated with releasing new products to the field, maintaining released products, assigning product ID, defining configurations and packaging, publishing availability schedules, release letters and updates, and maintaining product databases.","The factors associated with the acquisition, storage, movement, and disposition of goods.","Official legal documents that dictate how an entity is operated.","Generally, this includes repairs, improvements and additions to the permanent structure of the primary residence.","COO specific to a particular free trade agreement may be used to claim preferential duty treatment.","The initial document in any international transaction; it details the specifics of the sales agreement between the buyer and seller.","Although this is done according to normal bond calculations, the rate used to discount the bond is that for similar, nonconvertible debt.","If no payment is made, then the goods are returned to the seller.","The management function of an organization that may include all or a portion of the responsibility for purchasing, inventory control, traffic, shipping, receiving, and warehousing.","The amount of debt, exclusive of interest, remaining on a loan.","Federal Financial Institutions Examination Council.","By delaying cash outflows, they can improve their cash flow, which helps them meet their regular financial obligations.","The total time to process goods returned as obsolete and end of life to actual disposal.","The book value is a key factor in determining the initial spendable amount.","The value in the present of a sum of money, in contrast to some future value it will have when it has been invested at compound interest.","Federal funds in the NIH accounting system.","The lender in a mortgage loan relationship.","For example costs for initiation, information procurement, adaptation, processing, control.","The third of three sectors recognised by economists.","Also called administrative float or processing float.","Data received by a creditor indicating that a credit applicant has not paid his or her accounts with other creditors according to the required terms.","Banking abbreviations for business, finance, bank, stock market, etc.","The through transport service from consignor to port of importation.","This professional designation is provided for those who successfully complete the certified payroll professional examination.","Also known as a Zip Zap Machine.","Process of divulging accounting information so that the content of financial statements is understood.","Sometimes referred to as Value Engineering.","The aim of the SCOR is to provide a standardized method of measuring supply chain performance, and to use a common set of metrics to benchmark against other organizations.","Once the property is sold, the lien holder is then paid the amount that is owed.","Refers to when a container or vessel has reached its volumetric capacity before reaching its weight capacity.","However, while this means you are expecting your money faster, it also makes it more difficult and gives less room for your clients.","Sometimes called times interest earned.","Any and all persons designated and authorized to transact business on behalf of an account.","Medicare, Medicaid and maternal and child health programs.","Payment Card Industry Data Security Standard.","The materials management function that attempts to coordinate materials supply with materials demand.","Each state may also use a standard deduction format, but the amounts and computations differ from the federal and from state to state.","Auction system in which the price of an item is gradually lowered until it meets a responsive bid and is sold.","For instance, payroll, accounting, HR, customer care, IT, logistics can be outsourced.","While this may seem common for small business owners and freelancers, imagine how this would look in retail or dining.","Accountants may use present value calculations to determine the true value of sales to be paid in the future, or to aid in investment decisions.","An appropriate screening suitable for the symptoms presented and to determine if an emergency medical condition exists.","The grant of operating authority that common carriers receive.","The time required for documents, payments, etc.","Instead, an OEM delivers its original parts to its customers for further processing.","Bartering can be carried out domestically or globally.","Difference Between a Purchase Order and an Invoice?","Generally used only when the total amount of collections is highly uncertain.","AIU cannot guarantee employment, salary, or career advancement.","This concept, expressed by Genichi Taguchi, encompasses three phases of product design, parameter design, and tolerance design.","Price and quantity data from the retail location as sales transactions occur.","When you have this fixed payment schedule, you can easily create a budget and make financial forecasts so that you prevent any cash flow problems.","Protocol for synchronizing the clocks of computer systems, network devices and other system components.","Does not include stand alone Medicare Part D Plans.","Thanks for submitting the form.","There is usually a requirement that an adult pay full price.","Other facilities require that an event contract be drawn up by the Business Contracts Office.","Through committees, it develops guidance for specialized industries.","Oil pipelines that bring oil from the oil well to storage areas.","Notification provided by the carrier when a shipment has arrived to the consignee or notify party.","The most effective means for an AUDITOR to confirm his understanding how internal control over financial reporting is designed and operates to evaluate and test its effectiveness.","French bank words and French bank statement abbreviations that you are likely to find in your French bank statement or when dealing with banks in France: In Analytical Banking there are a lot of abbreviations used.","Interest paid on loan or overdraft.","It includes packaging, marking, weighing, and loading for shipment.","The borrower is responsible for providing the funds for the downpayment.","Accumulated possessions calculated to bring in income.","Private network access from public networks should be properly protected with the use of firewalls and routers.","Recovery audit contractors review old Medicare claims to discover overpayments and underpayments.","Uses system of rules to generate alerts in response to detected security events.","Estimates relate, among other things, to material input, machine hours, personnel costs and other necessary expense items.","Company approved by the PCI SSC to conduct external vulnerability scanning services.","You picked a file with an unsupported extension.","Water carriers that operate over internal, navigable rivers such as the Mississippi, Ohio, and Missouri.","The table below provides a list of acronyms and abbreviations.","The scope and range of such legislation ranges from healthcare mandates, to air pollutions limitations, to automobile mileage requirements.","The RPA number often acts as an order form for the work required in repair situations or as a reference for credit approval.","The sum of the value of sales made to external customers and the transfer price valuation of sales within the company of repair or replacement parts and supplies, net of all discounts, coupons, allowances, and rebates.","What is the abbreviation for debit and credit?","No headings were found on this page.","Campuses have the option to require repayment of a portion of the housing allowance in the event that the recipient leaves University employment prior to a specified date.","FOB Destination is written out as the destination city.","For more information, visit changebankstatement.","An integrated air deflector mounted on the top of the cab.","Blue Cross Blue Shield insurance plan.","The depository bank is the bank into which the check was deposited.","CDs are insured by the FDIC up to applicable limits.","CFEs gather evidence, take statements, write reports and assist in investigating fraud in its varied forms.","Output cubes, method for structuring for the following questions: What is being bought?","The series of stakeholders who must approve an action before it is carried out.","They show up as descriptive messages on most customer financial statements.","Card, Money Network Checks, and related services.","Pallet racking that extends to ceiling level.","Common exclusions include gifts, inheritances, and death proceeds paid under a life insurance contract.","What is an ATA Carnet?","Your browser sent a request that this server could not understand.","This may result in a partial or complete breach of contract.","The signature authorizes that person to conduct business on behalf of the account.","Synonym: Customer Interaction Center.","APS often generates and evaluates multiple scenarios.","Edit or create new comparisons in your area of expertise.","These ads are based on your specific account relationships with us.","It begins with the START DATE and ends with the EXPIRY DATE.","These criteria are called license exceptions.","Right to cancel, within three business days, a contract that uses the home of a person as collateral, except in the case of a first mortgage loan.","Mortgage interest that is paid from the date of the funding to the end of that calendar month.","This instrument of transfer is commonly used to transfer the legal title from the trustee to the trustor after a deed of trust has been paid in full.","Medical education as an intern, resident, or fellow after graduating from a medical school.","Freight forwarders often specialize in consolidating LTL freight from multiple shippers.","All monies a business is owed in return for the provision of its goods or services.","Also called a charge account or revolving credit.","American have health insurance, which would be enforced through financial penalties.","The user is only granted access if the PIN the user provided matches the PIN in the system.","Todos los derechos reservados.","Accounting and Finance Terms.","Exempt organizations include religious organizations, charitable organizations, social clubs, and others.","The seller quotes a price that includes the cost of transportation to a specific point.","FFELP is one of two parallel federal education loan programs.","This ends the auction.","Taking something small and exploding it.","Financial Reporting for Postemployment Benefit Plans Other Than Pension Plans, and GASB Statement No.","Exhibit of Premiums and Losses for each state a company is licensed.","Operations and Maintenance OA Operational Assessment OCI Office of Complaints Investigation OGC Office of General Counsel OKR Domain designation for MCB Okinawa, JA.","Terms of sale are particularly important in international trade since it covers when shipping occurs, who is responsible for international duties and taxes, and any other factors that have been established by the international chamber of commerce regulations.","Specifically, this transaction requires that payment be made before the goods are shipped, but after they are ordered.","Vehicles that a carrier assigns to a specific shipper for its exclusive use.","Designing features in a product and its packaging that improve recycling, etc.","Cargo that is shipped loose as opposed to being shipped in packages or containers.","Payment terms are imposed to ensure that payments are received by suppliers within a reasonable period of time.","Congress with cost estimates of legislative proposals and calculates estimates related to the federal budget.","In this case, compensation clauses apply.","Amount withheld or deducted from employee salaries by the employer and paid by the employer, for the employee, to the proper authority.","It usually has an anticipated duration, anticipated cost, and expected resource requirements.","Please contact your financial or legal advisors for information specific to your situation.","Terms of Sale are the payment terms that have been agreed upon by the buyer and seller.","Apple and Apple Pay are trademarks of Apple Inc.","Assessment Questionnaire or Report on Compliance.","For tax purposes, the concept of basis determines the proper amount of gain to report when an asset is sold.","User credentials are transmitted in clear text.","Medicare program and other aspects of the health system.","To set aside for a specific reason.","Lessons on growing up a business from entrepreneurs like you.","The form that documents the purchase agreement or contract.","It excludes Government material, special test equipment, special tooling, and facilities.","The entity within the payments ecosystem responsible for issuing and managing tokens, including mapping customer card numbers to payment tokens.","This is effectively a promise to deliver a certain order on agreed upon terms, including price and delivery.","He has an MBA from the University of Colorado, and has worked for credit unions and large financial firms, in addition to writing about personal finance for nearly two decades.","The Office of the Comptroller of the Currency supervises and regulates the activities of many of these operating subsidiaries.","Accrual accounting and cash accounting methods calculate revenue differently.","Loading cargo close together to minimize movement of goods while in transit.","DIV Dividend A payment to your account from shares you hold DR Account Overdrawn or Debit Item or Debit balance An indication on your statement to show that your balance is less than zero.","If options were neutral or out of the money then.","The difference between sales price and various costs.","What Does ACH Mean?","DEFINE VJR documents and have an Aug.","The ACH system consists of computers working together to process payments automatically.","Complying with rules for exporting products, including packaging, labeling, and documentation.","UAE, Edit Scanned Bank Statements South Africa, Edit Scanned Unofficial Transcript in USA, Edit Scanned Unofficial Transcript in Canada, Edit Scanned Unofficial Transcript Australia, Edit Scanned Unofficial Transcript Ireland, Edit Scanned Unofficial Transcript South Africa, Edit Scanned Unofficial Transcript in UAE.","Reimbursement vouchers that you have submitted but have not finished processing.","Net cash flow refers to the sum of all money a business makes.","Indique solo letras y n\u00fameros.","Among the services they provide are transportation, warehousing, cross docking, inventory management, packaging, and freight forwarding.","Bank Card that allows you to access your accounts.","Usually the seller of the goods.","In terms of payroll, independent contractors are significant in that they do not require money to be withheld for Social Security or Medicare.","These carriers feed passengers into the major cities to connect with major carriers.","This will include regulations, social expectations, the economy, its relative position in the market, the competitiveness of the market, etc.","If an employee has not received compensation for hours worked in a previous pay period, the employer may be required to provide retroactive pay, or payment outside of the originally schedule pay period.","Unearned federal student aid must be returned.","One of two schools of medicine that uses manipulative measures in treating patients in addition to the diagnostic and therapeutic measures of medicine.","Preferably, these services are integrated or bundled together, by the provider.","Supply chain action initiated by the customer.","This package policy is similar to a homeowners policy, in that it has been developed for farms and ranches and includes both property and liability coverage for personal and business losses.","For example, the maturity date of a savings account.","This field is for validation purposes and should be left unchanged.","These procedures involve questions concerning the company and its business, products, competitive position, recent financial and other developments, and prospects.","Current; ordinarily due within one year.","An approach to measuring performance that looks at multiple variables.","In this situation, the partial pay system is used.","The EPA also works to improve access to all people within the market, including sellers, buyers, and partners.","An account held in the name of a decedent that is administered by an executor or administrator of the estate.","Your cart is empty.","Data offers a complete managed service for prepaid cards and innovative contactless payment product types.","The definition is important for EDI service operators who must interpret invoices and other documents.","For travel to and from ports, containers are loaded onto truck chassis or on railroad flatcars.","The improper treatment of a patient, as by a physician or nurse, resulting in injury.","Each invoice is an invaluable piece of information for any business and it is important for businesses to keep a copy of each invoice for record keeping purposes.","The program offers four types of loans: Federal Direct Subsidized Stafford Loan, Federal Direct Unsubsidized Stafford Loan, Federal Direct PLUS Loan and Federal Direct Consolidation Loan.","Throughput, inventory, and operating expense are examples.","SEC whose status has been confirmed by the Securities Valuation Office.","The authority to sign or approve manual accounting documents.","Are You Done Yet?","Potential positions for graduates include accountant, auditor, financial planner, and bookkeeper.","San Diego Regional Office, San Diego, CA.","Center for Internet Security.","Rate that decreases as the calculation base increases.","The month, date, and year when a periodic or monthly statement is generated.","Gross profit considers variable costs, not fixed costs.","Sudden property loss caused by theft, accident, or natural causes.","Therefore, these smaller businesses can get stuck in a trap of having to work for essentially no pay for possibly a long time.","The total time to process goods returned for repair or refurbishing.","For important information about the educational debt, earnings and completion rates of students who attended these programs, go to www.","In effect, it eliminates the queue from in from of a work center, but it can cause a queue at the end of a previous work center.","Protocol suite providing encryption for network services like remote login or remote file transfer.","This insurance is sometimes referred to as Credit Family Leave.","Consists of one alpha character followed by six automatically generated numeric characters.","Outstanding payments the company is currently owed by all customers or clients.","Could not get default tracker from Google Analytics.","The information on this site is provided as a courtesy.","State Treasury are also considered to be state funds; examples include tuition and fees.","The principal is not spent.","Logistics line functions include traffic management, inventory control, order processing, warehousing, and packaging.","Does not include hold or test and release times.","Many companies outsource ordering and inventory for direct materials to their suppliers.","HMOs and traditional insurance.","Also known as Income statement.","All of these things can affect the value of your company.","Personnel responsible for managing the network within an entity.","QSA Companies and Employees.","University will benefit from a trip.","United States, such as value, classification and origin.","In the payments value chain, the Acquirer enables businesses to accept credit card payments for the purchase of goods and services.","The administering body responsible for the timely collection of consumer and business taxes.","The opposite of a Fixed Cost is a Variable Cost.","Cash deposits or checks that have been presented for payment and for which payment has been received.","This would include the plan to manage the supplier base and solve problems.","Capitalization is sometimes called compounding.","The expenses which are related to the operation of a business, or to the operation of a device, component, piece of equipment or facility.","An abbreviation for Uniform Commercial Code.","The individual, named by the applicant organization, who is authorized to act for the applicant and to assume the obligations imposed by the Federal laws, regulations, requirements, and conditions that apply to grant applications or grant awards.","Thank you for submitting your reply.","Used to determine how much of the money spent producing goods and services was recouped in profits.","Uncompleted or undelivered portion of a purchase commitment.","The goal of savings tracking is to provide accurate evidence and actionable insights for the decision makers.","The balance in a deposit account, not including items that have not yet been paid or collected.","For too many businesses, contracts are still mostly printed on paper, filed and forgotten after signature.","Membership in the Academy is open to all persons in all countries who are interested in Accounting History.","An invoice, forwarded by the seller of goods prior to shipment, that advises the buyer of the particulars and value of the goods.","Market innovator, putting the company in the leadership position.","Retained earnings, also called an earnings surplus, refers to the amount of net income left for a business to use after paying dividends to its shareholders.","ABC Models are created and maintained within this system.","The terms of this agreement are set between the importer and exporter at the time of the sale.","Virtual Terminal, mobile app, and more to accommodate Omnichannel payment acceptance needs.","Authorized representative of the Contracting Officer assigned to administer the contract requirements and obligations relating to Government property.","Embezzlement typically occurs in the employment and corporate settings.","This includes property appraisal, termite inspection report, preliminary title report, real estate transfer disclosure, roofing, geological, foundation, septic inspections, and overall home inspection.","Are you sure you want to delete the contact?","State partnership created by title XXI of the Social Security Act.","The most common way to abbreviate credit.","Expenses refer to costs of conducting business.","List of finance abbreviations and accounting abbreviations in English.","United Nations Layout Key for tradedocuments.","Coverage includes farm dwellings and their contents, barns, stables, other farm structures and farm inland marine, such as mobile equipment and livestock.","The month end balance in your checkbook after outstanding deposits and checks have been accounted for.","These catalogues list approved, recommended and mandatory items to be ordered.","If html does not have either class, do not show lazy loaded images.","For the most part, small business owners and freelancers are not trained in accounting, so when they have to deal with accounting language on their invoicing, it can be difficult.","Other reports that may be ordered include roof, foundation, geological, and, septic tank inspections.","Sale device or computer where a payment transaction initiated, used by merchants, card associations and others to source the origin of fraud transactions.","Assigned at unit or budget group level.","How to build a financial model for a mobile app?","Bank of America Corporation.","Open Web Application Security Project.","Congress that evaluates federal programs as an oversight of federal spending, efficiency, and performance.","Railcars that permit top loading and bottom unloading of bulk commodities; some hopper cars have permanent tops with hatches to provide protection against the elements.","Derived by subtracting related expenses from incurred losses and dividing by written premiums.","In large companies, a separate accounts department may not be aware what terms you agreed with your contact.","There are no particularly strong advantages for the customer with cash in advance transactions.","Under USMCA, qualifying products are exempt from tariffs and quotas when traded between those three countries.","You are already subscribed.","Research is a planned activity aimed at discovery of new knowledge with the hope of developing new or improved products and services.","Cash flow statement is intended to make all cash flows of a company transparent.","As far as I know the only recognized short name or abbreviation for credit is Cr.","Its competitive advantage grows through selecting the best locations for operations in other countries.","All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only.","Resource, Activity, or Cost Object.","Credits and debits make up the two types of entries, with credits entered on the left side and debits entered on the right.","In general, agreement by which rights or acts are exchanged for lawful consideration.","Accounting and Financial Management that is used to make change for sales operations using a cash box or drawer without a cash register.","This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.","There are various types of institutional funds: restricted gift funds, unrestricted gift funds, contracts and grants, and sales from tickets, food, or printing services.","It is more common to use a shorter net date, as it guarantees a quicker payment process for your business.","Promotions, pricing and discounting, customer satisfaction surveys.","The most liquid asset, cash, can easily and quickly convert to other assets.","There are tools that help in managing purchasing initiatives and analyzing savings in real time.","Deceiving a person or business with inaccurate information in order to gain a competitive advantage.","Can You Go To College with a GED?","Pacific Coast, rails move containers to an East Coast port, and ships deliver containers to Europe.","The balance of an account less any hold, uncollected funds, and restrictions against the account.","Department of Transportation in accordance with the Federal Hazardous Material Law.","American families through the United States Department of Health and Human Services.","Able to collect losses on uncollectible accounts from the seller.","Network that connects computers without a physical connection to wires.","Kaizen is the Japanese business philosophy of continuous improvement where all employees are engaged with improving productivity.","An emerging application, electronic commerce has been facilitated by developments in other areas in the mobile world, such as dual slot phones and other smarter terminals, and more standardized protocols which allow greater interactivity and therefore, more sophisticated service.","Unallocated Loss Adjustment Expense for ratemaking purposes.","An invoice is a transactional record for services or products a business provides to its customers, with the corresponding amount due.","By continuing to browse the site you are agreeing to our use of cookies.","This site uses cookies to collect information about your browsing activities in order to provide you with more relevant content and promotional materials, and help us understand your interests and enhance the site.","Examples are flood and earthquake coverage.","Equipment that is complete in itself.","SQL queries to limit escaping and thus prevent injection attacks.","Internet, or that easily allow for exploitation by default or if misconfigured.","An indicator of financial health, higher gross margins typically mean that a company can make more profit on its sales.","What, exactly, does Automated Clearing House refer to?","Formal record that represents, in words, money or other unit of measurement, certain resources, claims to such resources, transactions or other events that result in changes to those resources and claims.","Type of NAT that also translates the port numbers.","This is often referred to as a SWIFT code or SWIFT address as SWIFT owns and administers the BIC system.","The loss may be caused by scrap, theft, deterioration, evaporation, etc.","Difference Between FOB Shipping Point and FOB Destination?","They are developed through collective learning, communication, and commitment to work across levels and functions in the organization and with the customers and suppliers.","An incorporated organization which exists for educational or charitable purposes, and from which its shareholders or trustees do not benefit financially.","Upside flexibility can affect three possible areas: direct labor availability, internal manufacturing capacity, and key components or material availability.","Examples of procurement benchmarking are market benchmarking where material purchase prices are compared to market indexes, and peer benchmarking where procurement performance metrics are compared to other similar organizations.","The Acquirer underwrites the merchant account, and may provide the hardware and software to enable the merchant to process transactions.","If the speed of payments is an important factor for you, offering early payment discount could ensure that you get cash in the bank more quickly.","Payments are normally made in cash, money order, or other agreed upon payment method.","Accountants calculate gross profit by subtracting the cost of goods sold from revenue.","The registering and tracking of parts, processes, and materials used in production, by lot or serial number.","Person who is given authority to sign manual accounting documents on an account.","Processing of transactions by service providers acting under contract to card issuers or acquirers.","Same as Full Containerload, but in reference to motor carriage instead of containers.","Offers various services to merchants and other service providers.","Regulation of the payment of monetary debts of payers in transactions.","The total amount it should cost the student to go to school, including tuition and fees, room and board, allowances for books and supplies, transportation, and personal and incidental expenses.","So that you can probe the mistake in a given bank statement.","Calculation of the net profit contribution attributable to a specific product or product line.","The place where a shipment begins its movement.","The process whereby a company sells a debt to another company.","Agency authorized by the United States Congress to regulate the financial reporting practices of most public corporations.","To write a check for an amount that exceeds the amount on deposit in the account.","Capacity generally refers to the maximum output or producing ability of a machine, a person, a process, a factory, a product, or a service.","The supplier implements quality assurance processes so that incoming inspection can be minimized.","Tending to rapid and extreme fluctuations.","Payment for the use or forbearance of money.","The ratio of the sum of the localized raw material weights to the weight of the finished product.","An abbreviation for Certified Purchasing Professional, recognition of purchasing knowledge, business experience, and a reputation for integrity.","The organizational structure and management function that includes all facets of the acquisition and delivery of material from the supplier to the final customer.","Acronyms and Slang, Inc.","Access to computer networks from a remote location.","See FPPI and USPPI.","Companies must understand the cost of overhead to figure out how much they need to charge for their goods or services and make a profit.","For assistance, contact your departmental LAN personnel.","The charge assessed for services performed at the loading or discharge location.","The RMA number often acts as an order form for the work required in repair situations, or as a reference for credit approval.","Note that an affidavit may appear in two forms: a sworn affidavit with oath, or an affirmed affidavit with affirmation.","International Swaps and Derivatives Association, Inc.","The use of radio frequency technology such as RFID tags and tag readers to identify objects.","EEI through AES for each shipment.","These strings are translatable to be meaningful abbreviations in the preferred language.","Sometimes referred to as payables.","In DRP and MRP systems, a future order the system plans in response to forecasted demand.","An entity that provides information about a consumer to a consumer reporting agency for inclusion in a consumer report.","The movement of funds from one account to another.","The aggregated quantities of each product are then transported to a common area where the individual orders are constructed.","With the payment only required when the client can actually inspect the goods, the customer can decide to pay or not pay.","Port where cargo is loaded and leaves a country.","It has no jurisdiction over other taxes such as employment taxes.","Online auctions are used to negotiate and determine market prices for given objects on the basis of individual price limits set by the participants.","Code of Federal Regulations.","An individual or financial institution that lends money with the expectation that the money will be returned with interest.","The total amount of money required to operate a hospital, divided by the sum of the revenues received from patient care and all other operating revenues.","Frequently, the franchise agreement grants strict supervisory powers to the franchiser over the franchisee which, nevertheless, is an independent business.","Similar to County Court Judgments in England and Wales.","We strive to provide you with information about products and services you might find interesting and useful.","It consists of integrated software functionality that supports five business processes: monitor, notify, simulate, control, and measure supply chain activities.","Storage unit; a product is assigned an individual registration number for identification and tracking.","While the terms barge and lighter are used interchangeably, a barge usually refers to a vessel used for a long haul, while a lighter is used for a short haul.","Serves as the basis for all other documents related to the shipment.","These terms outline the process of payment that a buyer must follow to pay the seller accordingly.","Putting cargo into a container.","Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures.","Some ERP systems include international shipping or trade compliance modules, but these are often limited in their functionality.","The insurer is required to renew the policy regardless of the health of the insured subject to policy conditions.","In many companies this is still not solved adequately.","JJThe debtor is to pay on the date indicated.","Predictions of how much of a product will be purchased by customers.","Claim against a debtor for an uncollected amount, generally from a completed transaction of sales or services rendered.","The goal of demand management is to ensure efficient production and predictable cash flow needs.","Working with a credit coach will help you pay off debt fast and manage your personal finances more efficiently.","Average time from when a unit is declared shippable by manufacturing until the unit actually ships to a customer.","Knowing your score and understanding your report are the first steps towards your financial health.","The transferor was INSOLVENT at the time or was rendered insolvent by that transfer or related series of transfers.","What is depreciation you ask?","EXPENDITURES are recorded when they are received and paid.","Dividends consist of company earnings, or profit, which a business pays to its shareholders as a reward for their investment in its equity.","Performance review; assessment of the performance of a supplier.","In contrast, cash basis accounting focuses more on immediate expenses and revenues and does not document transactions until the company pays or receives cash.","The name of the port where the cargo is unloaded from the export vessel.","Request for proposal, request for quotation.","Rasmussen University may not prepare students for all positions featured within this content.","Previously, state welfare agencies distributed benefits in the form of paper coupons.","See margin and reset date.","Incidents of death in a defined group of individuals.","The freight and charges to be paid by the consignor.","Payment by cash or check.","For example, a container may be ventilated, refrigerated, insulated, dehumidified or equipped with special devices used to secure certain types of cargo.","There is no claim to completeness, topicality and correctness for the information provided here.","The sender of a freight shipment, usually the seller.","Sage makes no representations or warranties of any kind, express or implied, about the completeness or accuracy of this article and related content.","There is one common way to abbreviate credit.","It is based on the theory that cash today is more valuable than cash tomorrow, due to the concept of inflation.","Congress, to purchase private health insurance.","By far, the largest portion of exempt carriers transports agricultural commodities or seafood.","You avoid the hassle of waiting for your paycheck to arrive or depositing the check at your bank.","In the payments value chain, the card issuer pays the acquiring bank for purchases of goods and services made by the cardholder.","The manufacturer or distributor of an item or product line.","Results are used to adjust variables and maintain product quality.","Ability to respond quickly and efficiently to changing customer and consumer demands.","Being covered by an HDHP is also a requirement for having a health savings account.","BK Bank BL Budgeting Loan BLO Branch Liaison Officer BLS Bank Liaison Section BLSDG Better Letters Standards and Design Guide What do the abbreviations mean on my statement?","Procurement organizations actively track and leverage commodity price information to negotiate competitive prices for bought raw materials, goods or services.","An organizational structure that ensures there is no conflict of interest between the person or department performing the activity and the person or department assessing the activity.","Knowing the basics is a little bit like learning to read.","Transmission of controlled technology, source code or information to a foreign national at home or abroad.","Note that edits to the Draft version will save automatically.","Biodiversity is short for biological diversity.","One NRSRO if the security has only been rated by one NRSRO.","Illegal under the antitrust provisions of the Sherman Act.","Also called Bookable Leg.","To pay or make payment for something.","PIN is the secret code given to credit or debit cardholders enabling them to access their accounts.","Port where cargo is unloaded and enters a country.","However, for small companies with low cash and an exhausted line of credit, paying early could be dangerous.","RSA are the initials of their surnames.","For our fellow Canadians, the acronym is slightly different for this designation: Chartered Professional Accountant.","Simplified employee pensions or SEPs are similar to IRAs but differ in that they allow employees to make contributions above and beyond the usual IRA limits.","Manage and engage your workforce wherever they are.","Servers include, but are not limited to web, database, application, authentication, DNS, mail, proxy, and NTP.","Lastly, we have the most insidious form of continuing deficit spending as exemplified by our massive, underfunded Federal entitlement programs and Federal employee pension plans.","We have made changes to increase our security and have reset your password.","DRP system traces demand for a product by date, quantity, and warehouse location.","Failed to retrieve transaction currency list.","An inflationary measure of the cost of goods and services purchased by health care facilities, often used to determine growth in reimbursement rates.","Interest that continues to accrue on your credit card balance from the statement cycle date until the bank receives your payment.","Any article exchanged in trade, most commonly used to refer to raw materials and agricultural products.","Financial shortage that occurs when liabilities exceed assets.","Property is used as collateral to make payment.","Volatility of a financial instrument that is imputed by subtracting all of the other factors thought to contribute to the price of an option.","The expenses incurred by sellers and buyers in transferring ownership in real property.","The usury rate is generally set by State law.","Location where cargo leaves the custody of a carrier.","Regulatory agency responsible for rates and practices of ocean carriers shipping to and from the United States.","The substitute check must also have been handled by a bank.","The cost to borrow or invest capital.","The unit of measure that the user wants to see for weight.","The people, processes and technology that store, process, or transmit cardholder data or sensitive authentication data.","Estimated time of arrival, completion, departure, readiness or sailing.","Why Is FOB Important to Small Business Accounting?","The North Carolina Area Health Education Center Program.","The PIN block format defines the content of the PIN block and how it is processed to retrieve the PIN.","Debitoor, there are dedicated sections for information such as notes intended for the customer, as well as payment terms.","Running a business means wearing many different hats in the course of a day.","DSS, a software application that stores, processes, or transmits cardholder data as part of authorization or settlement, where the payment application is sold, distributed, or licensed to third parties.","Ubiquity of GSM standard makes international roaming very common between mobile phone operators, enabling subscribers to use their phones in many parts of the world.","Amounts paid for stock in excess of its par value or stated value.","If you take your Assets and subtract your Liabilities, you are left with Equity, which is the portion of the company that is owned by the investors and owners.","The amount deposited is not subject to income tax.","The storage area for empty containers.","They are required to file tariffs with the Federal Maritime Commission and are subject to the same laws and statutes that apply to primary common carriers.","The acronym SSA can refer to either the Social Security Act or the Social Security Administration.","This offer is not available to existing subscribers.","Incoming invoice, also request for payment.","Resend these invoice every month and adjust the calculation so that will reflect the additional days past due.","Vulnerability that is created from insecure coding methods that allows for the execution of unwanted actions through an authenticated session.","ETA stands for Estimated Time of Arrival.","The lender on the note secured by a deed of trust.","This tax is then used to fund such programs as Social Security and Medicare.","Companies note accrued expenses before receiving invoices for goods or services.","What Can You Do with an Accounting Degree?","If you do not qualify for a deferment, you may be able to get a forbearance.","The period of time for payment isunspecified.","The process of making something as good or as effective as possible with given resources and constraints.","The maximum rate of interest lenders may charge borrowers.","If you continue to use this site we will assume that you are happy with it.","Damage to covered real or personal property caused by a covered peril.","Additionally prevents creditors from taking further action against you.","Also see: Small Group Improvement Activity.","This code identifies the University department or office that uses the Record Series.","Realized savings increase profits and can also benefit investments.","Carload rail service requiring shipper to meet minimum weight.","Note: It belongs to the parties to agree on the documentsrequired under documentary credits.","The total time required to source components, build, and ship a product.","Shipping orders may be picked in waves combined by a common product, common carrier, or destination, and manufacturing orders in waves related to work centers.","Thank you for submitting your request.","Will not allow transactions of any kind.","See Finished Goods Inventory.","Charges processed between University of Texas departments for goods or services, or movement of charges between accounts.","This results in a lost sale when sufficient quantities are not available to completely ship an order or order line.","This abbreviation is usually found in finance, accounting and bookkeeping, on loan applications, in relation to college courses, in the processing of retail returns, or as an acknowledgment at the end of a movie or book.","The monthly periodic rate, for example, is the cost of credit per month; the daily periodic rate is the cost of credit per day.","The interest rate may change over the life of the loan as market conditions change.","Insurance to protect the homeowner and the lender against physical damage to a property from sources such as but not limited to fire, wind, or vandalism.","In contrast to the production material, these commodities are not substantially included in the products.","Compliance is acting according to defined rules such as laws or standards.","It is the location where ownership of the merchandise transfers from seller to buyer.","Copy from this point to the code being passed to Rasmussen embedded_svc.","In accounting, the profit margin is a good indicator of financial health.","Treatment procedures that are not a usual component of mainstream medicine, often due to lack of supporting experimental data.","American Institute of Certified Public Accountants.","Examples include expenditures, transfers from, and encumbrances.","Examples include UPS and Federal Express.","If your financial institution does this, messages may not appear on every statement.","Both buyer and the seller determine for example discounts which are automatically applied in case of an early payment.","Do not enter numbers.","Inventory is goods held for sale or lease.","The final category of government liabilities is a category defined as Unfunded Liabilities or unfunded obligations.","Goods being transported from one place to another.","This is another version of backdating.","Office of the Actuary.","Goods or products that are paid for when they are sold by the reseller, not at the time they are shipped to the reseller.","The payment history of an account over a specific period of time, including the number of times the account was past due or over limit.","For rapid and effective development of such a process, materials scientists must work closely with machine designers, software engineers, process specialists, and operating personnel.","The closing market price of a security on the date of the report.","SECURITIES, unless the offering is exempt.","An operational expense is any expense that is necessary in order for a company to do business.","This includes costs associated with installation engineering, scheduling and modification, handling cancellations, and planning the installation.","Business combination that occurs when one entity directly acquires the assets and liabilities of one or more entities and no new corporation or entity is created.","Either party can conduct transactions separately or together as set forth in the deposit account contract.","It has two or three axles.","Small payments made to creditors when a debtor is unable to settle a debt within the agreed credit terms, signifying their intent to pay when possible.","For example, where a company maintains inventory in multiple distribution centers to provide a higher level of customer service.","Complete Manufacture to Ship Time.","An instruction given to a bank for them to collect an amount from another bank account on a given date.","Minor quantitative changes can be handled by means of supplements.","Prepaid expenses include advance payments for goods or services a company will use in the future.","The University and the degree of control over the individual.","Abbreviations are crucial for successful operation of finances, as they provide speedy communication between different agents in this volatile and rapidly changing field.","The bank routing number is the first nine digits that appear across the bottom of a personal check that identifies the financial institution that issued the check.","Refers to licenses, permits and other authorizations which may be required from a government to legally export or import something.","In this way, the client gets to inspect the goods before submitting payment, and the supplier receives payment or the goods are returned.","CDL Career Development Loan hence A Government loan received for career development.","This method tends to be more conservative than the Generally Accepted Accounting Principles used by most businesses.","Usually defined in your terms and conditions and agreed by your customer.","Same as Direct Store Delivery.","When used in a provision that applies to a location outside Texas, includes a parish of Louisiana.","System or central platform for the maintenance of supplier master data and the handling of business processes between purchasing companies and suppliers.","Both CIF and FOB are agreements used for international shipping when products are transported between a seller and buyer.","For sea transportation, a cargo handling area adjacent to the shoreline where a ship ties up.","Independent computer systems owned by independent organizations linked in a manner to allow direct updates to be made to one system by another.","Output from these systems is integrated with financial reports, such as business plan, purchase commitment report, shipping budget, and inventory projections in dollars.","Right to buy or sell something at a specified price during a specified time period.","An expense incurred while traveling on official state business.","Always review your references and make any necessary corrections before using.","An area designated to be used for the stowage of cargo in containers that may be accessed by truck, rail, or ocean transportation.","For this purpose, the purchasing department is provided with a cost price list of the entire assortments that are available on the production launch date.","The employee identification number is a tax code for employers and is somewhat similar to the Social Security number given to individuals.","You can use the credit and debit cards stored in your digital wallet to make purchases at participating merchants.","Screen and keyboard which permits access and control of a server, mainframe computer or other system type in a networked environment.","Real existing and physically tangible material goods, such as machinery and equipment, land and buildings, office and factory equipment, IT systems and software.","Latin for let the buyer beware.","Meaning, Importance, How to Determine?","Most banks impose a special fee, called a collection charge, for handling collection items.","The Estimated Time of Departure.","In quality management, a structured process used to organize ideas into logical groupings.","Internet technology by using the same kind of personalization technology.","They are the guidelines for proper financial reporting and accounting.","Enter only letters and spaces.","For example, a student who takes an accounting course and encounters an unfamiliar acronym can consult this list.","With this in mind, the following acronyms are common HR and management lingo.","ULTIMOThe debtor is to pay not later than the end of the month inwhich the goods are delivered.","Salem, is a federally supported disaster medical team that responds nationwide.","It shows the current status of the loan account, all sums due, and the daily rate of interest.","When you access this website or use any of our mobile applications we may automatically collect information such as standard details and identifiers for statistics or marketing purposes.","Stands for Any Time, Day or Night, Sundays and Holidays Included, referring to when a vessel will operate.","For salaried employees, the partial pay rate can be calculated by dividing the annual salary by the number of work days in one year.","Joint ownership by two or more persons giving each tenant an interest and rights in a property, these interests need not be equal in quantity or duration.","You can insist that they meet your payment terms but that is not always possible with their rigid system.","Unfortunately, however, all deficit spending is not the same.","In warehousing, the consolidation of several units into larger units into larger units for fewer handlings.","DSS Report on Validation.","Items of value, especially what an organization owns.","Also, the group of transaction sets transmitted from one sender to one receiver at one time.","The payment gateway acts as a mediator between the transactions that occur on a website and the payment processor, and is responsible for acquiring transaction authorisation and data encryption.","Business owners can use this accounting dictionary to better understand their financial records and when working with accountants or accounting software.","HS codes play a role in determining import and export controls as well as duty rates.","Wood or metal supports used to secure cargo while in transit.","Vulnerability that is created from insecure coding techniques resulting in improper input validation, which allows attackers to relay malicious code through a web application to the underlying system.","Need to know what those pesky HR and management acronyms mean?","The CERT Program develops and promotes the use of appropriate technology and systems management practices to resist attacks on networked systems, to limit damage, and to ensure continuity of critical services.","Network protocol used to transfer data from one computer to another through a public network such as the Internet.","Browse and search thousands of Banking Abbreviations and acronyms in our comprehensive reference resource.","How to abbreviate Electronics Bank Statement?","The starting point for a web site.","Oftentimes, blanket orders cover only one item with predetermined delivery dates.","The organizational and pipeline strategy for getting products to customers.","Best practices are developed.","The carrier charges and fees applied when rail freight cars and ships are retained beyond a specified loading or unloading time.","Please enter a different value.","Thank you for signing up for our newsletter.","Cash flow is the total amount of money that comes into and goes out of a business.","Overhead refers to the ongoing costs of doing business, other than those related to directly creating a good or service.","It includes the reporting of costs by departments, activities, and products.","Medicines sold directly to a consumer without a prescription from a healthcare professional, as opposed to prescription drugs, which may be sold only to consumers possessing a valid prescription.","HR refers to the human resources department.","Methods for forecasting sales data when a definite upward or downward pattern exists.","To start, digitalized contracts are stored in one location across the whole organization.","These laws are coordinated with federal acts.","These loans are available regardless of financial need, and the amount of eligibility depends on the total cost of education.","Back: What is Invoicing?","Through engaging with partners and stakeholders, the association seeks to improve working procedures and relationships for the benefit of retailers and consumers.","System that requires a continuous record of all receipts and withdrawals of each item of inventory.","The problem with reporting in this manner is that the resulting numbers, to the casual observer, appear to be a thousand times smaller than in reality.","FOC stands for Free of Charge.","Using standard formats allows companies to exchange transactions with multiple trading partners more easily.","Language Summary of GASB Statements No.","This individual serves as the primary contact at the campus level for loan applicants.","If that happens, the seller has to carry the costs of shipping the returned items.","The creditor may draw a draft and present itfor acceptance.","Interest that is calculated on both the accumulated interest and the principal balance in the account.","Lower gross margins may mean a business needs to reduce production costs.","Freight paid by the shipper to the carrier when merchandise is tendered for shipment that is not refundable if the merchandise does not arrive at the intended destination.","Whether an account is rolled over is determined by its status.","The practice of confirming or validating receipts or shipments based on the weight.","To avoid losing your work, copy the page contents to a new file and retry saving again.","Types of accrual accounts include accrued interest, accounts receivable, and accounts payable.","Grants of land given to railroads to build tracks during their development stage.","To consolidate several packages into one unit; carriers strap, band, or otherwise attach the several packages together.","On many web servers, it is index.","Because a company can invest existing funds in order to collect interest or ROI in the future, a particular sum of money may not be worth the same thing now as it will be in the future.","Sometimes, an application fee is charged to cover the cost of loan processing.","Speaking to one of our certified debt coaches is completely free.","This is increased by the buyer in time and price intervals.","The NIH organizational component responsible for a particular grant program or set of activities.","An individual trained, licensed in, or practicing physical therapy.","Operationally, inventory turns are measured as total throughput divided by average level of inventory for a given period.","In contrast to variable cost, fixed cost refers to expenses for a company that stay the same, regardless of production.","Total employment is total employment for the entity being surveyed.","They do not have to relinquish administrative control of the invoices but will make payments with interest and fees to an invoice discounting company.","Reserves CPN Contract Payment Notice CPN Contract Pay Notice CPO Civilian Personnel Office CPOG Chemical Protective Overgarment CPP Capital Purchase Program CPP Consolidation Placement Plan CPP Contingency Pay Plan CPP Domain designation for MCB Camp Pendleton, CA.","The address the vendor provides to send payments.","This helps reduce the chances of fraud in your accounts.","Synonym: Finished Goods Inventory.","Check your inbox for an email confirming your subscription.","Oftentimes, these shortened phrases can help professionals send messages quickly and efficiently so that all members of a business team are kept updated on the daily operations of a business.","To date, however, jurisdictions are only required to expense that portion of the ARC which they actually fund.","The Code requires auditors to note any departures from GASB standards when they express an opinion on financial reports that are presented in conformity with generally accepted accounting principles.","CBP obtains electronic authorization and issuance of an admission number.","Wages, salaries, professional fees, and other amounts received as compensation for services rendered.","This was formerly the Health Care Financing Administration.","The highest level assembled product, as it is shipped to customers.","Some tools also provide support for strategic objectives.","With regards to exporting, companies are strongly encouraged to maintain an audit trail documenting their compliance screenings in order to demonstrate due diligence in case of an audit.","List of job titles and department abbreviations in business.","It exists to oversee the operations and development of payment systems and services in a way that effectively promotes the interests of the businesses and consumers that are using them.","Fannie Mae published sources.","If a convenience copy is kept after the master record has been destroyed, the convenience copy becomes the master record.","The time that elapses from placement of order until receipt of order.","For example, holding equal amounts of assets and liabilities of the same duration.","Such discrepancies may cause your final financial aid package to be different than the initial package described on the award letter you received from the school.","System in which flags are added to and removed from award authorizations.","It represents the revenue companies keep as gross profit.","Incoming inspection may not be required.","Cost, Insurance, and Freight.","This post covers what to include in your terms and conditions.","Very familiar with the Act.","The data, plus the interpretation necessary to understand it.","Most of the risk falls on the customer.","School or College and having a teaching curriculum.","Bank of America checking account to pay for goods or services.","This total is the contra account to the related asset account.","This post looks at how to avoid becoming a victim of fraudulent invoices.","The office or other location at which a state employee most frequently conducts official state business.","This can also be known as cash before shipment, although that is a less popular term.","It is also possible for the victim to have identify theft occur by participating in such a fraudulent scheme.","The requested page or section could not be loaded.","Cash on delivery and many more.","The franchisee buys the right to use the business idea from the franchisor.","An estimate of future demand.","The balance for an individual account.","If you use double negatives or industry jargon within the invoice, you could make your terms unnecessarily convoluted, confusing the customer and inadvertently causing payment delays.","It includes computer programs.","They include people, materials, supplies, equipment, technologies, and facilities.","The lien process varies by state and may force a buyer to pay twice for the same work if payments to lower tier sellers are not made by upper tier buyers who have received payment for the work.","Also known as cot death or crib death, is the sudden unexplained death of a child less than one year of age.","Typically, these accounts have elevated or increased privileges with more rights than a standard user account.","Security scans that include probing internal and external systems and reporting on services exposed to the network.","Not paid at the time originally agreed to and overdue.","During a purchase, the use of a credit or debit card, or via other method, to make a payment not authorized by that account holder, often the result of fraud or cybercrime.","The terms and definitions found in this glossary relate to procurement.","The process of a transportation vehicle returning from the original destination point to the point of origin.","Federal Information Processing Standards.","In these ways, the customer always prefers other transaction methods rather than cash in advance, and in a competitive market, the seller will have a difficult time if his competitors offer better terms.","Reports submitted by hospitals that provide services to Medicare beneficiaries.","This would normally cover financial stability, compliance with any laws or licences needed to operate, adequate insurance, health and safety policies and the like.","The debtor seeks relief through a court proceeding to work out a payment schedule or erase debts.","The collection of payments and management of operational procedures related to a mortgage loan.","Part number cross references, supplier catalogs, approved vendor lists.","Enrollees decide at the time care is needed whether to use a doctor who is in the network or one who is not.","Often, an existing network device is virtualized to run as a virtual appliance, such as a router, switch, or firewall.","The series of activities involved in providing the full range of services to customers.","The permanent budget is funding that is anticipated every year, unless budget reductions or other adjustments occur.","Treasury Bills or Bonds.","Which language is that?","CR stands for Credit.","These are your terms for the length of time to pay and should be marked at the bottom of the invoice.","Letter of intent is the first written agreement before the contract is defined in detail.","If you can afford to pay the interest as it accrues, you are better off not capitalizing it.","The date upon which the twelfth payment is due.","In consumer lending, name used to describe a promissory note that calls for mostly regular, periodic payments of principal and.","An approach to budgeting where a company uses an understanding of its activities and driver relationships to quantitatively estimate workload and resource requirements as part of an ongoing business plan.","In payments, a transaction refers to an agreement between a buyer and seller to exchange an asset for payment for goods or services.","If you have ever seen operation of some of the financial institutions, like stock exchange or banks, you probably understand how important smooth and fast communication is for these businesses.","Little or no justification can be made to support the classification of this debit as an asset; it is conceptually more accurate to consider it as a reduction to equity.","One company can have multiple vendor codes.","Certificates of origin are a common customs document required by many countries and as part of various free trade agreements.","Analytical Banking there are a lot of abbreviations used.","ICs use to request payment and to keep track of products sold and services rendered.","ATMs to withdraw cash.","See general partnership, limited liability partnership, limited partnership.","Something given voluntarily or beyond obligation, usually in response to or in anticipation of a service.","Financial presentations to comply with contractual agreements or regulatory provisions.","Often the requirements of the purchasing department change during the order execution.","Official authorization issued by a government allowing the shipping or delivery of a product across national boundaries.","An eligible person as specified in an executed Certification of Eligibility, prepared by the appropriate campus representative, who will be primarily responsible for the repayment of a Program loan.","Not difficult to produce.","An ordering system used when multiple items are ordered from one vendor.","So will you please tell me what is the short name of credit?","The practice of marking a document with a date that precedes the actual date.","For example, Overhead often includes Rent, and Executive Salaries.","Bonds whose coupon rates increase as rates decline and decrease as rates rise.","GASB establishes accounting and financial reporting standards for all state and local governmental entities including governmentally controlled nonprofit organizations.","Gifts to the university where the donor restricts the corpus for investment purposes and only the interest earnings may be spent in support of the university.","If early withdrawal from the CD prior to the end of the term is permitted, a penalty is usually assessed.","Therefore, the invoice is eliminated and the shipping documentation is used to pay the vendor.","This site uses cookies.","University of Texas entity.","Insolvency Practitioner appointed to supervise the implementation of an approved voluntary arrangement.","Used for storing goods until duty is paid or goods are released in some other proper manner.","Finally, a stipend can be a payment for work if it is intended to compensate an individual for services performed.","When you are creating the terms, make sure that you both understand them and that they are not ambiguous or filled with jargon.","Total depreciation pertaining to an asset or group of assets from the time the assets were placed in services until the date of the financial statement or tax return.","The practice of adding unpaid interest charges to the principal balance of an educational loan, thereby increasing the size of the loan.","DSS and PCI DSS.","Our coaches will be able to review all of your options for getting out of debt and guide you toward the best path forward.","General upward or downward movement of a variable over time such as demand for a product.","RECREDOCThe debtor is to open a revocable documentary credit.","The change management discipline is carried out in a way that minimizes the risk of problems that will affect the operating environment and service delivery to the users.","RECOMMENDED CONFIGURATION VARIABLES: EDIT AND UNCOMMENT THE SECTION BELOW TO INSERT DYNAMIC VALUES FROM YOUR PLATFORM OR CMS.","In addition, a creditor may take legal action against an individual to resolve a fraudulent attempt to eliminate debt.","Regional Payments Associations and Direct Membership.","The process of involving suppliers early in the product design activity and drawing on their expertise, insights, and knowledge to generate better designs in less time and ones that are easier to manufacture with high quality.","Includes word processing, data entry, data retrieval, data search, collection of information, payroll and business accounting data production, and other information storage or manipulation.","That Stock Going to Do?","Read here to find out!","An occurrence considered by an organization to have potential security implications to a system or its environment.","Often, the fronting insurer is licensed to do business in a state or country where the risk is located, but the reinsurer is not.","Subscribe to the Sage Advice newsletter, and receive our latest advice direct to your inbox.","Failed to retrieve basket items.","Another name for full time equivalent, a unit that indicates the workload of an employed person.","Legal instrument evidencing a security interest in assets, usually real estate.","The term may also include claims that have been incurred but not reported.","It is the motto of the Royal Society of London, the national academy of science.","Accounting majors can even use this page as a study guide.","Materials handling devices that include conveyors and drag lines.","If you have a subsidized loan, the federal government pays the interest charges during the deferment period.","The total weight of the vehicle and the payload of freight or passengers.","What are Accounting Payment Terms?","If not, the power of attorney usually expires when the person granting it dies.","Formatting and Design Matters!","This article was so useful for me, and for my Business students.","Public ownership, financing, and operation of a business entity.","It is used for various things such as defining service attributes, differentiating between international and national interchange, or identifying usage restrictions.","Rasmussen University is not enrolling students in your state at this time.","As it relates to information security, the application of investigative tools and analysis techniques to gather evidence from computer resources to determine the cause of data compromises.","We recommend you to contact us even after placing the order using our forms.","Google Analytics was either blocked or not enabled.","Also known as Ishikawa or fish bone diagram.","Certain taxpayers may not be entitled to use the standard deduction.","The Bank of England is responsible for issuing banknotes and managing the currency with the objectives of maintaining monetary and financial stability for the benefit of British people.","Sometimes referred to as an act of God.","Rasmussen University to contact me by email, phone or text message at the number provided.","Actuarial value is a mathematical calculation, often of the financial condition of a pension plan.","Quick service restaurants, also known as fast food restaurants, serve food quickly and conveniently, with minimal table service.","The solution by Coupa to automate AP processing across all invoices.","While an unlimited number of withdrawals may be made at ATMs and teller windows, fees may apply.","Entertainment, recreation, sport, or diversion that is an enjoyable occupation of the senses.","Sale of an item before it is purchased.","The total amount of a petty cash fund.","It allows the recipient to quickly find the item he or she is looking for without a broad search of all packages.","Spend analysis is the active review of procurement spend to decrease costs, increase efficiency or improve supplier relationships.","The party paying money in a transaction; the buyer.","Includes all activities from receipt of the goods via inspection to storage.","Individuals, excluding cardholders, who access system components, including but not limited to employees, administrators, and third parties.","HMO, PPO, or Fee for Service coverage for hospital, medical, and surgical expenses.","The contract carrier must secure a permit to operate.","Jean was new to bookkeeping and was having trouble understanding credits and debits.","An agreement in which the borrower promises to protect the bank or reimburse the bank for any damages, claims, costs, penalties, or liabilities that may arise from some problem.","Required for global invoicing compliance.","What the hub offers to members.","This function is called when test is run.","The principle is that most of the occurrences of any happening are caused by a small percentage of the population.","See internal rate of return and interest rate risk.","Options are suppose to be issued at option price that is neutral at time of issuance.","One of two parts of the Medicare program that covers outpatient, physician, and medical supplier services.","Guides and Industry Guidance, such as NACUBO APC Advisory Reports and the NACUBO Financial Accounting and Reporting Manual.","Note that there is no guarantee that every eligible student will receive financial aid through these programs because the awards are made from a fixed pool of money.","An accounting degree prepares students for jobs in accounting, finance, and banking.","This is important to remember.","Certain minimum choices and nondiscriminatory rules apply.","Indique un valor de SSN v\u00e1lido.","In many cases, this movement is made through one or more levels of fieldwarehouses.","This includes policies providing only nursing home care, home health care, community based care, or any combination.","Products completely manufactured, packaged, stored, and ready for distribution.","One or more companies or individuals who participate in the flow of goods and services from the manufacturer to the final user or consumer.","The bullwhip effect can be eliminated by synchronizing the supply chain.","All EDIAs are nonprofit organizations dedicated to encouraging EDI growth.","Receipt of an order initiates assembly of the customized product.","Any money that you owe is considered a liability.","With EFTPS, employers and taxpayers can pay their taxes by phone or online free of charge.","Sale technology fueled by powerful analytics to detect fraud, gain insights into consumer spending, and strengthen customer loyalty.","The amount that a vessel tilts from the vertical, measured in degrees.","Troy is a shareholder of the firm in the Logan office of Cook Martin Poulson, PC.","Contribution is used to cover fixed costs and profits.","The term Allocation describes the procedure of assigning funds to various accounts or periods.","Sign up to receive our latest research and expert advice.","The focus of the audit is a financial report on all federal funds received and a report on our compliance with the rules and regulations of the granting agencies.","The physical facilities, personnel, and processes available to meet the product or service needs of customers.","May cover motor vehicles, mobile equipment, boats, appliances, electronics, residual structures, etc.","The OCC defines price risk as the risk to earnings or capital arising from adverse changes in the value of portfolios of financial instruments.","To participate, the investor may pay fees and expenses.","For customers that use integrated archiving provided by Trustweaver, this means those invoices go into the Trustweaver archive.","The sum total of all goods listed on the invoice.","Today, that definition has broadened substantially.","Attack technique used to gain unauthorized access to networks or computers.","Recurring invoices help to guarantee your business is generating and keeping track of cash flow each month.","An example would be a quantity of finished product output from manufacturing processes.","Choosing an Accounting Method: Accrual vs.","API, and try it out.","Purchase order and invoice are received and in agreement.","Accrual basis accounting deals with anticipated expenses and revenues by incorporating accounts receivable and accounts payable.","The authority to approve electronic accounting documents.","Medicare, Social Security and other public welfare programs.","It spreads through the air when an infected person coughs or sneezes.","It prevents sensitive information from being shared with others.","This will help make sure that the customer understands what was done and how much they were charged for for your services rendered.","Do one thing in return for another.","For example, both product and functional forms of organization could be implemented simultaneously; in other words, the product and functional managers have equal authority and employees report to both managers.","Picking and packing immediately into shipment containers.","Crossdock operations in a warehouse involve moving goods between different trucks to consolidate loads without intermediate storage.","The Restricted codes need RBC Royal Bank authorization before they can be used.","Fully burdened costs include all direct and indirect costs.","The net amount of funds that a lending institution disburses under the terms of a loan, and which the borrower then owes.","This exists when a control necessary to meet the control objective is missing or an existing control is not properly designed so that even if the control operates as designed, the control objective is not always met.","Debt settlement is a process that allows you to pay off debt by paying a single lump sum that is lower than the total amount you owe.","Your credit report can influence your ability to find housing, employment and secure a loan.","An affirmative indication or judgment that a product or service has met the requirements of a relevant specification, contract, or regulation.","Are you sure you want to exit this page?","Subareas of accounts payable are, for example, also document processing, invoice verification and posting procedures.","While the restaurant records that transaction to accounts payable, the beverage supplier records it to accounts receivable and a current asset in its balance sheet.","Classifications are usually made by rating agencies or credit institutions.","The two primary types are commercial letters of credit and standby letters of credit.","Apply for membership today!","METHOD used to depreciate ASSETS.","You are creating a new version of the page in the database, which will replace the current version when published.","The platform which cartons are stacked on and then used for shipment or movement as a group.","It has since been updated.","Investment company whose primary objective is capital growth.","The practice of retailers making suppliers responsible for determining order size and timing, usually based on receipt of retail POS and inventory data.","The CEO of a business is the chief executive officer.","Health Insurance Portability and Accountability Act.","Cargo carried on a return journey.","Sales made by cash, check, or credit card.","An easy model to explain bad behaviors as a social phenomenon.","Unlike standing orders, direct debits can be used for varying amounts.","Request submitting Please wait.","Many legacy systems have a mainframe design.","Alternatively, accrual basis accounting includes future revenues and expenses, documenting accounts payable and accounts receivable.","Among other things, the following are to be analyzed: direct costs, overhead costs, variable costs, fixed costs, secondary costs, planned costs, full costs, part costs.","The person or organization who pays.","The vendor is committed to exclusivity.","The government entity also is responsible for the loan if the student defaults.","This may negatively impact your site and SEO.","An executive leader who oversees financial operations.","This fee was in addition to any applicable fees for overdraft items, insufficient funds and returned items.","The owners of the stock are known as shareholders.","Typically, a message is an electronic version of a document associated with a common business transaction, such as a purchase order or shipping notice.","See Material Safety Data Sheet.","Bond under customs control either until import duties or other charges are paid, or to avoid paying the duties or charges until a later date.","This method focuses on immediate revenues and expenses.","Money customers still owe to a business for products or services rendered.","To utilize a third party provider to perform services previously performed in house.","Assets that are offered to secure a loan or other credit.","It is often used in conjunction with the Fair Credit Reporting Act.","The term may also apply to the actual hardware and software including electronic cash registers, barcode scanners, touch screen displays receipt printers, and pole displays.","An import or export shipment that has not yet cleared customs is referred to as in bond.","Fortunately, there are solutions available and support for HR leaders so you do not have to go it alone.","Consists of the District of Columbia and all states of the United States except Alaska and Hawaii.","In an interview, they asked about the short name of debit and credit.","Discount, deduction from an amount that is paid.","Information required by the biller to post customer bill payments effectively.","Pending Settlement, Declined, Voided, Credited, General Error, Communication Error, Settled Successfully, Under Review, and Review Failed.","Series of payments, usually payable at specified time intervals.","Accounts Payable vs Accounts Receivable.","The streamlined pull of products in response to customer requirements while minimizing the total costs of distribution.","For most businesses, accounts receivable involves the generation of an invoice, which is delivered to the customer.","What Do Accountants Mean by Capitalizing Fixed Assets?","Some employers choose to match the amount employees save up to a certain percentage.","The process of analyzing, evaluating, and defining supply chain strategies, including network design, manufacturing and transportation strategy, and inventory policy.","What Is Demand Forecasting?","Rural Health Clinics Act.","Capital stock having no preferences generally in terms of dividends, voting rights or distributions.","Este campo es obligatorio.","You can use it the same way you would use the original check.","Services that cannot be performed in an efficient and timely manner by regular University personnel.","Incurred losses are typically found by combining losses paid during the period plus unpaid losses sustained during the time period minus outstanding losses at the beginning of the period incurred in the previous period.","Software routers are sometimes referred to as gateways.","Generally, net assets are separated into different categories.","Federal agency that administers the internal revenue code.","Components of the overall cost of health care used in determining the consumer price index.","Terminology used in the automotive industry, but also may be used for any company that buys.","GAAP requires that all Material considerations must be disclosed.","It is often referred to as an actual demand to distinguish it from a forecasted demand.","Goods, merchandise; are sold, bought, traded or exchanged.","The rate charged on the value of the money being borrowed, usually displayed as an annual percentage.","Any individual who will assume responsibility on the loan, take a title interest in the property and intends to occupy the property as their primary residence.","Force majeure occurs when a company cannot meet its production or delivery commitments due to an unforeseeable and unavoidable event.","Capitalizing the interest increases the monthly payment and the amount of money you will eventually have to repay.","The consummation of a contractual real estate transaction in which all appropriate documents are signed and the proceeds of the mortgage loan are then disbursed by the lender.","Is Marketing a Good Major?","See Blanket Purchase Order.","Like what you see?","Items of property for which the theft, loss, or misplacement could be potentially dangerous to the public safety or community security, and which must be subject to exceptional physical security, protection, control, and accountability.","Stew, Lighthouse Venture Group and others.","These include accepting deposits and loan payments, providing withdrawals, and transferring funds between accounts.","Popularized by Toyota Corporation, it uses standard containers or lot sizes to deliver needed parts to the assembly line just in time for use.","It is used to secure payment of a promissory note.","An official responsible for overseeing harbour operations.","The full array of services, from prevention to treatment to rehabilitation and maintenance, required to support optimum health of a population.","Buyer Protection Protect You From Problem Purchases?","An MSP may also assist in managing a merchant account with a card association or a card network.","Care must be taken in evaluating the nature of the demand: Is it a volume change, is it a change in product mix, or is it related to the timing of the order?","The mission of the APIC is to create a safer world through the prevention of infection.","The process of involving the supplier in a close partnership with the firm and its operations management system.","Sometimes called income, revenue can show up on your financial statements at different times or in different ways, an being aware of the complexity here is worthwhile.","The act of buying from or selling to another business in return for sales or purchases from the first organization.","Consists of systematic and continuous actions that lead to measurable improvement in health care services and the health status of targeted patient groups.","The term interest is used to describe the cost of using money, a right, share, or title in property.","Unlike a UPC number, which only provides information specific to a group of products, the GTIN gives each product its own specific identifying number, giving greater accuracy in tracking.","Any individual who will assume responsibility on the loan, but who will not take a title interest in the property nor occupy the property.","Authentication and accounting system.","Include, but are not limited to firewalls, switches, routers, wireless access points, network appliances, and other security appliances.","Futures Contracts purchased or sold.","To be eligible for coverage under the National Flood Insurance Program, a mobile home must be on a permanent foundation and meet specific anchoring requirements for its location.","Lack of precision in termsof payment and different interpretations of such terms areknown to give rise to disputes between trade partners.","Truckload carriers designed to keep perishables good refrigerated.","Customers typically have a production instance and a test instance.","Ratio measure of the profits achieved by a firm through its basic operations.","Often this will appear on the Balance Sheet as a Liability that the company owes if there is accrued vacation pay or any unpaid wages.","Your credit score influences your ability to secure the best interest rates on loans, helps you qualify for housing, rentals or a mortgage, and even plays a role in obtaining employment for certain types of positions.","An international classification system that assigns identification numbers to specific products.","The amortization amount is based upon the term and assumed rate of return elected by the jurisdiction involved.","Resource requirements are compared to resources available and capacity issues are identified and managed.","An electronically coded tag that is intended as an improvement to the UPC bar code system.","Two or more computers connected together via physical or wireless means.","In accounting, any situation or event that causes a change in the consumption of a resource, or influences quality or cycle time.","They are the waste of overproduction, waste of waiting, waste of transportation, waste of stocks, waste of motion, waste of making defects, and waste of the processing itself.","Process of verifying identity of an individual, device, or process.","See basis risk, mismatch risk, option risk and yield curve risk.","The central bank of the United States.","These wages may include tips, commissions and bonuses.","If the markup rates correspond to the agreement, no further action is required.","Importing goods into a country at a price less than the fair market value.","Refers to an open requisition inside of Coupa.","For management control purposes, the standards are compared to actual costs, and variances are computed.","JIT II was popularized by the Bose Corporation.","Business owners may also understand the benefit of setting up functional accounting systems, including how to use that information to make better, more profitable business decisions.","This involves quantifying possibilities and making reasons for deviations or changes in liquidity visible.","The payment terms on your invoices influence how quickly you will get paid, so it is important to decide exactly what you want to include, and how you state your terms of payment.","If a purchase is made for resale, lease, or rental to others, the purchaser must provide you with a resale certificate.","Department of Transportation rules that limit the maximum time a driver may drive in interstate commerce; the rules prescribe both daily and weekly maximums.","Tracks, pays, and reports on all claims submitted by providers for services rendered.","Examples of operating systems include Microsoft Windows, Mac OS, Linux and Unix.","The guarantee Bank of America makes to its credit and debit cardholders: if your card is lost or stolen, and you report the loss promptly, you may not be responsible for fraudulent purchases made with your card.","The process by which a company decides how its premium rates should differ according to the risk characteristics of individual insureds.","Department of Health and Human Services.","What is CIPS Membership?","Because for those new to accounting, acronyms and abbreviations can be scary.","Cross docking requires close synchronization of all inbound and outbound shipment movements.","You can also request copies of checks by visiting your nearest Bank of America banking center, or by calling the customer service number on your statement.","VWP eligible travelers may apply for a visa, if they prefer to do so.","The width of a ship.","Documentation, typically from a termite company, stating that required repairs have been completed.","An independent agency of the United States federal government.","New York State Society of CPAs.","Please check the box.","When cargo from multiple shippers is combined in a single container.","How to forecast the Balance Sheet?","Legal claim against a property.","NAFTA as the free trade agreement between the three countries.","All hours in a calendar day except working hours.","Buying or selling goods and services among companies, states, or countries, called commerce.","Originally the network was restricted to established incumbent banks, but this has recently begun to open up, allowing new entrants access to the network.","The buying and selling of goods and services via an electronic network, usually the Internet.","An acronym for Automated Clearing House, ACH refers to an electronic network dedicated to credit and debit transfers.","Principal executive leader of an organization.","The extension of distribution requirements planning into the planning of the key resources contained in a distribution system: warehouse space, workforce, money, trucks, freight cars, etc.","Many companies use both strategies, depending on markets and effectiveness.","To do this, we use the anonymous data provided by cookies.","Customers are responsible for remitting funds in exchange for goods and services, and doing so according to a time frame that is clear to both parties.","An injury resulting from medical intervention related to a drug.","Oreo cookies from Nabisco.","Why has the bank changed my statement?","An official Customs form used for declaration of reported goods, also showing the total duty due on such transaction.","Procedures used for rationally classifying, recording, and allocating current or predicted costs that relate to a certain product or production process.","Bank account transaction code.","Already have an account?","Depositing procedure in the warehouse: Products that were last deposited are the first to be dispatched or consumed.","One advantage found in the virtual factory is that it can be restructured quickly in response to changing customer demands and needs.","The chargeable weight may be the dimensional weight or, for container shipments, the gross weight of the shipment less the tare weight of the container.","The combination of two or more carriers into one company that will own, manage, and operate the properties that previously operated separately.","For example, the bank may obtain an indemnification agreement to protect itself from costs, penalties, or liabilities arising from environmental contamination or from violations of environmental regulations.","SECURITIES that represent ownership shares, or the legal rights to purchase or acquire CAPITAL STOCK.","It aims to make all sources of spend transparent, to identify optimization potentials and to recognize risks in the supply chain at an early stage.","The advantages generally lie with either the seller of buyer, but not with both.","The rate at which new customers are acquired, or existing customers are retained.","Paperwork that accompanies a shipment as it makes its way to the final destination, such as packing lists or bills of lading.","Japan, Kanban has become popular in complex projects in software development and procurement project management.","To discover if incentives are advantageous for your business you will need to consider your net date and the yearly costs of discounts.","Examples of special events include art shows, conferences, exhibits, festivals, weddings, and reunions.","On Credit or On Account is a purchase that will be paid at a future time, but the buyer gets to enjoy the benefit of that purchase immediately.","Your fiscal representative represents you towards French tax authorities.","Transportation available to the public that does not provide special treatment to any one party and is regulated as to the rates charged, the liability assumed, and the service provided.","The options are more straightforward.","Mortgages serve as collateral for promissory notes.","Is Is a Verb?","This amount will be posted on your next statement.","Payments usually take three working days to clear into your account.","Using this information to identify causal relationships to suggest actions in line with the business goals.","When describing the method, use flat file instead.","Rate of change in the gross national product, as expressed in an annual percentage.","Any user account with greater than basic access privileges.","Generally, companies should avoid holding large amounts of inventory for long periods of time, due to the risk of obsolescence and storage costs.","Share us with your friends!","You should also consider itemizing your invoice so they specify what is being charged in the invoice.","Invoices are a vital part of your small business.","Return on an investment an investor receives from dividends or interest expressed as a percentage of the cost of the security.","United States to control spending by Medicare on physician services.","How much money something is worth.","Please confirm that you wish to make an edit to this page.","CFPs are certified after completing a series of requirements that include education, experience, ethics and an exam.","Within an IRA, some people invest in mutual funds or stocks, while others may choose bank products such as CDs and money market savings accounts.","An inventory model that determines how much to order by determining the amount that will meet customer service levels while minimizing total ordering and holding costs.","These can reduce expenses, generate cash flow, or improve sales for businesses.","In quality management, the degree of freedom from error or the degree of conformity to a standard.","COGS includes the direct costs of creating goods, including materials and labor, and it excludes indirect costs, such as distribution expenses.","It may also include some types of life insurance, legal services, and other benefits.","This also includes companies that provide services that control or could impact the security of cardholder data.","The main difference is in the source of funds.","Carrier payment to its customers when ships, rail cars, or trailers are unloaded or loaded in less than the time allowed by contract and returned to the carrier for use.","The base station contains a transmitter and receiver for communication with the terminal.","Internationally, most countries use the International Financial Reporting Standards.","By means of this document, the carrier certifies that the firm or individual named in the certificate is the owner or consignee of the cargo.","The first four digits indicate an official University department or organization.","For federal student loans, a consolidation loan can also provide access to alternate repayment terms and the ability to lock in a rate on older variable rate student loans.","This action is often taken to identify shortages, but it can lead to increased problems in availability and inventory accuracy.","To send goods and services to another country.","Revisit the basics of the General Ledger.","British Columbia, Saskatchewan, and Manitoba.","Penetration tests attempt to identify ways to exploit vulnerabilities to circumvent or defeat the security features of system components.","Not all programs are available to residents of all states.","This is the most common type of salary reduction plans.","The calculation is done by subtracting the investment value from the market value and dividing the difference by the investment value.","This refers to the settlement, through an actual transfer of funds, of the net effect of a series of financial transactions involving customers of two or more banks.","Dynamic discounting is a service for a buyer.","Leaf Group Media, All Rights Reserved.","Instruction by a physician to a pharmacist to provide the recipient with the prescription exactly as it was written, or not to substitute a generic form of the drug.","Navigate to the existing page and edit the page if you wish to modify its contents.","Returned Item Fee for each returned item.","The focus is on driving out limited value cost while protecting profit margins.","Certified Fraud Examiners come from various professions, including auditors, CPAs, fraud investigators, loss prevention specialists, attorneys, educators and criminologists.","Sometimes called benefit costs analysis, is a systematic approach to estimating the strengths and weaknesses of alternatives used to determine options which provide the best approach to achieving benefits while preserving savings.","Are you looking for a financial model template but it seems to be missing in our inventory?","Principal direction of movement for customer orders which originate at point of demand or use, as well as other flows, such as return product movements, payments for purchases, etc.","See the Network Segmentation section in the PCI DSS Requirements and Security Assessment Procedures for guidance on using network segmentation.","Sum of debit entries minus the sum of credit entries in an account.","An adjustment that is made to the Permanent Budget to address changes in future needs.","Generally provides a stated dollar amount per annual eye examination.","The network of supply chain participants engaged in storage, handling, transfer, transportation, and communications functions that contribute to the efficient flow of goods.","The removal or exchange of parts or assemblies from an item of equipment to replace a damaged or worn out part or assembly of another item of equipment.","They are the opposite of accounts receivable.","EDI usually takes the form of direct transactions between computers, databases and order systems.","Letters, numbers or other symbols placed on packaging used for identification purposes.","Indique solo n\u00fameros y una cifra decimal.","For industrial facilities, the determinants include logistics.","Category management in procurement is the segmentation of spend into groups of similar goods or services in order to identify potential value creation opportunities.","PCs are assembled on one line and at a low cost.","Industrial Development Authority to act as a conduit.","These invoice payment terms can be crucial for your business, depending on the transaction methods that you choose.","People who lack health insurance of any kind.","Some customers prefer to see the due date, as it clearly states the payment date.","We recommend moving this block and the preceding CSS link to the HEAD of your HTML file.","Simple database examples are tables and spreadsheets.","Assets intended to further production.","Use the find feature in your browser to speed the search.","Creditors typically hire a collection agency only after they have made efforts to collect the debt themselves, usually through letters and telephone calls.","Multiple line items on a single order with different planned delivery dates constitute multiple orders, and multiple planned delivery dates on a single line item also constitute multiple orders.","Outside of these specific instances, the word is not abbreviated in general prose.","The portion of the production capability that is currently in use, or is scheduled for use.","Action in an electronic document.","Use of systems or processes that constantly oversee computer or network resources for the purpose of alerting personnel in case of outages, alarms, or other predefined events.","Person who is responsible for the administration of property owned by others.","Person who is automatically authorized to sign manual accounting documents on an account.","Total DEBITS must equal total CREDITS.","Sometimes merchants use codes or abbreviations that you may not recognize on your account activity or statement.","There was an error publishing the draft.","Like a home mortgage, the level dollar method divides the liability into equal dollar amounts over the selected number of years; each payment is part interest, part principal.","Financial aid is available for those who qualify.","The opposite of a credit, a debit is an accounting entry made on the left side of an account.","The current value of an asset based on its useful life in months.","Institute of Internal Auditors.","Each dimension has goals and measurements.","Example of a barter deal from the purchasing department of a football club: a beverage supplier provides a certain amount of drinks for the VIP area during home matches and in return receives perimeter advertising.","My Credit Controllers Ltd.","Net of cash receipts and cash disbursements relating to a particular activity during a specified accounting period.","The consumer makes equal monthly payments of principal and interest until the debt is paid in full.","The allocation of product among customers, or components among manufactured goods during periods of short supply.","The ability to move the product out of the warehouse door.","The University of Texas at Austin and other UT System components.","These cookies allow the collection of data to help us report on how visitors use the website and to help us improve it.","Distributor Channel and arrive at a retail outlet.","Recognized common set of accounting principles, standards, and procedures.","War And Peace is not required.","Weapons capable of inflicting mass casualties and destruction; including nuclear, biological and chemical weapons or the means to deliver them.","Order information in this channel may be transmitted by electronic means.","An export license is often required if a government has placed embargoes or other restrictions upon exports.","In transformation measures should be accompanied by change management.","Payment Application Data Security Standard.","AR basically tells you who owes you what.","Funds that a borrower must keep on deposit as required by a bank.","Net income is calculated by subtracting total expenses from total revenues.","Excess of current assets over current liabilities.","Where more than one supplier is used to buy the same item.","The primary objective of the Act and Regulation E is the protection of individual consumers engaging in electronic fund transfers.","Existing or taking place within, or administered into, a vein or veins.","The company must conform to state regulatory standards to legally sell insurance products in that state.","Talk to us today!","Discipline of mathematics and computer science concerned with information security, particularly encryption and authentication.","Calculate how much you could be owed.","In the context of PCI DSS, hashing must be applied to the entire PAN for the hash code to be considered rendered unreadable.","Cost of issuing new stocks or BONDS.","United States, Canada or any province or political subdivision of the foregoing.","Transfers are sometimes subjected to a Balance Transfer Fee.","RESPA also limits the amount of funds held in escrow for real estate taxes and insurance.","For manual key generation, conveyance, loading, storage, and retrieval, dual control requires dividing knowledge of the key among the entities.","Obligated to bear losses from uncollectible accounts.","Abbreviation for Request for Quotation.","An incentive plan that is tied to performance goals, objectives, and metrics.","The supplier gets to have its invoice paid much more quickly, which is very good for its cash flow.","These terms allow for additional information such as the type of payment expected, whether any discount will be provided, how the buyer can make the payment, as well as any special terms discussed during the sales process.","Publicly held companies must report to the Security and Exchanges Commission every three months, so they go through four accounting periods per year.","Mart, Best Buy, and Safeway, but also include the many smaller independent stores.","EDI in a given country.","Specially trained and often licensed health workers other than physicians, dentists, optometrists, chiropractors, podiatrists, and nurses.","Longer payment terms enable working capital improvements.","The bank is the lender to the third party if it merely finances the transaction or the assignee of the third party if it purchases the lease.","An offer of cargo for transport by a shipper.","The process of determining the overall sales plan to best support customer needs and operations capabilities, while meeting general business objectives of profitability, productivity, competitive customer lead times, and so on, as expressed in the overall business plan.","It is computationally infeasible to find two inputs that give the same hash code.","The other is the Direct Loan program.","This is another, shorter way of describing the payment type.","It is the value of cash, investments, and other property belonging to a pension plan, as used by the actuary for the purpose of an actuarial valuation.","See Cardholder Data and Sensitive Authentication Data.","An organization may use KPIs to evaluate its success, or to evaluate the success of a particular activity in which it is engaged.","For every bank competitive exams and Insurance exams banking abbreviations plays a vital role.","Implementation of the program involves introducing each of the five elements in order, which reportedly generates multiple benefits, including product diversification, higher quality, lower costs, reliable deliveries, improved safety, and higher availability rate.","As with any technology, using ACH means embracing the pros and cons.","For example, when the CSR presents a camera case and accessories to a customer that is ordering a camera.","This amount represents a liability or income to the entity.","Type of malicious software that when installed without authorization, is able to conceal its presence and gain administrative control of a computer system.","Branch Payment Transfer of money between accounts at different bank branches IMO International Money Order Used to make payments abroad.","Also, a model set of legal rules governing commercial transmissions, such as sales, contracts, bank deposits and collections, commercial paper, and letters or credit.","The purchasing department guarantees fixed acceptances.","The amount that a department is required to pay before an insurance carrier will begin to reimburse for damage or loss.","The terms Project Director and Principal Investigator are synonymous.","The management of materials from suppliers and vendors into production processes or storage facilities.","GAAP standards is a good idea for every business.","More commonly used in Europe.","For a refinance transaction, a borrower has three working days from the signing of the loan documents to cancel the loan without penalties.","The person or organization to whom a check, draft, or note is made payable.","Discover four ways to avoid writing off bad debt.","OK, scary might be too strong of a word, but you get the idea.","Bachelor of Science degree upon graduation.","Note: The above examples are appropriate for persistent storage of cardholder data.","The authority to sign or approve accounting documents manually or electronically.","The process of recording financial transactions and keeping financial records.","When freight appears to be free of damage after being assessed it is said to be in apparent good order.","Synonymous with intensive or special care unit.","PM is a project manager.","Managing and monitoring of the flow of goods into and out of the warehouse.","Initiating this process requires consent by the individual seeking credit.","You can use the search function to find a specific definition or terms pertaining to a topic, or use the alphabetical listing with acronyms included as applicable.","The situation when a piece of equipment has reached its volumetric capacity before reaching the permitted weight limit.","Any progressive or serialized number applied for identification of freight bills, bills of lading, etc.","These terms state the agreed time frame inside which the buyer must pay, as well as the financial charges that will be levied in the event of late payment.","Securities, funds, and other assets can be held in escrow.","The conditions by which a purchaser of goods or services are contractually obliged to adhere to when buying on credit.","Method of authenticating a user whereby at least two factors are verified.","Usually refers to a forklift truck on which the operator must stand rather than sit.","Concept in statutes and regulations whereby a person who meets listed requirements will be preserved from adverse legal action.","As example, recent government legislation governing waste water discharge requirements has placed heavy burdens on many local municipal utilities and hence local taxpayers.","Systems which guide users such as warehouse personnel via voice commands.","An overdraft item is when you do not have enough available funds in your account to cover an item and we authorize and pay the item and overdraw your account.","Read this guide for top tips to help you master your business admin and truly take control.","Joint ownership by two or more persons giving each tenant equal interest and equal rights in the property, including the right of survivorship.","Includes both expected payments for losses relating to insured events that have occurred and have been reported to the insurance company, but not yet paid.","This refers to a code used to provide additional information to the receiving clearing member regarding the nature of a chargeback, subsequent presentment, fee collection, funds disbursement, or request for a source document.","The strategy of understanding issues before they become apparent and presenting the solution as a benefit to the customer, etc.","An organizational technique for involving employees in continuous improvement activities.","Assets that the State of Texas requires the Univeristy to monitor regardless of value.","Merrill Lynch is not responsible for and does not endorse, guarantee or monitor content, availability, viewpoints, products or services that are offered or expressed on other websites.","In simpler terms, if something can be exchanged for monetary value, then this will happen at a Point of Sale.","Material requisitions, purchasing, supplier quality engineering, inbound freight management, receiving, incoming inspection, component engineering, tooling acquisition, accounts payable.","EBT program used by state welfare programs.","National banks conduct some of their banking activities through companies called operating subsidiaries.","The process of moving an outstanding balance from one credit card to another.","The interest rate and the payment remain the same over the life of the loan.","CIF contract stipulates that the seller is responsible for the insurance and all other associated shipping costs.","An economic resource that is expected to be of benefit in the future.","The lawyer hires the CPA to do the investigation and determine the amount of money stolen or understated.","This is caused by the serial nature of communicating orders up the chain with the inherent transportation delays of moving product down the chain.","Direct material costs are costs of raw materials and components used to create products.","EXPENDITURES for making good or whole the portions of property that have deteriorated through use or have been destroyed through accident.","May be permanent or temporary.","Implied volatility is not the same as the actual volatility.","Stock bonus plan of an employer that acquires SECURITIES issued by the plan sponsor.","Business abbreviations and acronyms are shortened versions of words and phrases used to convey meaning in a business or professional message or correspondence.","Internet Engineering Task Force.","Harmonization means, for example, that numbers are unified using a newly defined method.","The total value of goods produced and services provided in a country during one year.","The sum of the product and transportation costs.","Payment terms can apply to any party in the sale, from the wholesaler to the individual consumer.","Maintaining a high quality of health care by constantly measuring the effectiveness of the organizations that provide it.","This concept implies that since a past outlay is the same regardless of the alternative selected, it should not influence the choice between alternatives.","Supply chain management encompasses the planning and management of all activities involved in sourcing and procurement, conversion, and all logistics management activites.","Can You Still Buy Time by Floating Checks?","This transaction method requires that payment be made before the goods are even ordered, which is technically a credit extension by the customer to the seller.","In marketing, dividing potential markets by characteristics of potential customers, such as age, sex, income, and education.","Inflow of revenue during a period of time.","The federal agency that administers federal safety regulations governing air transportation.","Please do not copy, reproduce, modify, distribute or disburse without express consent from Sage.","Interest is the amount paid on a loan or line of credit that exceeds the repayment of the principal balance.","TCO is the combined hard and soft costs of owning networked information assets.","Who Regulates My Bank?","BIC stands for Bank Identifier Code.","By expediting this material into the buffers, the system helps avoid idleness at the constraint and missed customer due dates.","The last three digits divide the official unit into subunits, which may indicate individuals, such as Principal Investigators, or other programs or projects within the official unit.","Find out about the new system of European banking supervision and get an overview of its main aims and features.","The government uses the use tax money to pay for the construction, maintenance, and policing of highways.","Programmed to distinguish legitimate packets for various connections, only packets matching an established connection will be permitted by the firewall; all others will be rejected.","What are business abbreviations and acronyms?","Because payment card transactions are entered manually, virtual payment terminals are typically used instead of physical terminals in merchant environments with low transaction volumes.","Bureau of Labor Statistics.","CFO stands for Cancel Former Order.","Number of times the average inventory has been sold during the year.","Shipping dangerous goods may require special documentation or packaging to ensure safety.","Internet, instead of direct connections by physical wires.","Expense allowance made for wear and tear on an asset over its estimated useful life.","This includes costs associated with creating and pricing configurations to order and preparing customer order documents.","Terms used in procurement can be quite complex and there are many concepts to familiarize oneself with.","The reduction over time in the value of an asset held by a company, often due to wear and tear.","It includes assets, liabilities, equity, revenue and expenses.","In the context of PCI DSS, security events identify suspicious or anomalous activity.","Create payment experiences that help drive more commerce.","The FA will confirm that the message contained the correct number of lines, etc.","Transferable agreement to deliver or receive during a specific future month a standardized amount of a commodity.","Process of converting information into an unintelligible form except to holders of a specific cryptographic key.","If we return the item unpaid, this typically results in a NSF: Returned item fee.","This is great for cash flow and can boost business significantly.","This feature is available only to borrowers who are not currently on active payroll status.","One of two parts of the Medicare program that covers inpatient hospital services and services furnished by other health care providers such as nursing homes, home health agencies, and hospices.","The assistance may be paid in one lump sum or over a period not to exceed ten years in equal, unequal, or declining balance amounts.","The ultimate recipient of a shipment.","The animated examples really are the best example i have seen by far.","Compensation arrangement, generally in writing, used by employers in addition to salary or wages.","Down arrows to advance ten seconds.","The coverage also includes machinery and equipment used in the course of construction and to materials incidental to construction.","Asset Care Enterprise Ltd.","World Wide Web intentionally hidden from search engines that is not generally accessible without special browser software that disguises IP addresses, enabling users to operate anonymously, often for nefarious purposes such as the unlawful trade of illegally obtained credit card data.","Global System for Mobile Communications.","Returned item is when we decline and return the item unpaid.","An inventory management technique in which material enters a plant and is processed through the plant into finished goods without ever having entered a formal stock area.","Similar to equity, the excess of assets over liabilities.","An instruction written by a medical practitioner that authorizes a patient to be provided a medicine or treatment.","Traditionally, the supply chain was pushed; manufacturers produced goods and pushed them through the supply chain and the customer had no control.","The partitions may or may not be configured to communicate with each other or share some resources of the server, such as network interfaces.","FTP can be implemented securely via SSH or other technology.","Cubic volume of space being used or available for shipping or storage.","The agreement of a buyer to an offer submitted by a seller.","These policies may be renewable for multiple periods.","Data offers a wide range of debit processing and ATM solutions.","For example, individuals are customers of a department store which in turn is the customer of a producer who is the customer of a material supplier.","Now superseded by TLS.","An individual who advises The University on how to undertake a project, such as a contractor who is hired to advise us on how to remove asbestos from University buildings.","Certified Professional Purchasing Manager.","An eligible Appointee designated by one of the ten University campuses, Office of the President or, LBNL as eligible to apply for a loan under the UC Home Loan Program.","Gross Profit indicates the profitability of a company in dollars, without taking overhead expenses into account.","Acronymn for Restriction of Hazardous Substances.","APR: Annual Percentage Rate hence A rate of interest payable over a year.","Defined as the total revenue divided by the number of subscribers.","The note may specify a maturity date or it may be payable on demand.","When an owed payment is delayed before being credited to an account.","Companies are provided with realistic estimates of when the material will arrive.","Enrolled Agents are generally sought out to complete business tax filings to ensure compliance with the IRS.","The unloading of cargo from a container or other piece of equipment.","This demand may come from a new customer or from existing customers whose own demand is increasing or decreasing.","Information Technology usually refers to the department that handles computer operations.","The practice of assigning an employee multiple tasks which are performed concurrently.","Person who takes on the risks of starting a new business.","Monitoring and recording shipment movements from origin to destination.","An individual can claim a refund back to whatever year it was due but it will only be paid three years back or less.","The maximum amount states can pay providers for Medicaid services.","Canada Revenue Agency sales tax guide.","The part of the Medicare program that covers prescription drug coverage.","Title passes at origin, and buyer has total responsibility over the goods while in shipment.","CFPs are not regulated by a governmental authority.","It must also be filed within the timeframe allotted or the refund may be lost.","Cost drivers do not necessarily need to be quantified; however, they strongly influence the selection and magnitude of resource drivers and activity drivers.","Kat is planning food excursions to discover the best Taiwanese beef noodle soup in NYC.","Marks and numbers placed on goods used to identify a shipment or parts of a shipment.","Our Financial Terms Glossary will help you learn the most common financial terms, words and phrases, as well as the meaning for dozens of legal terms.","The forgone profit companies associate with a stockout.","There is another form of invoicing terms that does not particularly extend credit to the client.","Government Accounting Standards Board intended to represent the actuarially determined annual contribution necessary for a given jurisdiction in order to amortize its Unfunded Liability for OPEB benefits.","Method of bookkeeping by which revenues and expenditures are recorded when they are received and paid.","Investments with original maturities of three months or less qualify under this definition.","UT Board of Regents.","Buyers can flexibly decide from case to case which invoice they want to release for early payment.","Computers that are designed to handle very large volumes of data input and output and emphasize throughput computing.","In the absence of standards similar to those the GASB enacted for pensions, most governments do not report the full cost of the OPEB earned by their employees each year.","There are two types: bridge and stacker.","Principal and Interest payment expenses is divided by the gross monthly household income.","The monthly salary amount before taxes, withholdings, and expenses.","Stay informed and make smart financial decisions.","Title XVI of the Social Security Act.","Payment received by a carrier for transporting goods.","Furthermore, many foreign buyers are hesitant to buy goods before they are even able to see it and are more likely to choose better terms, such as COD.","This refers to the electronic equivalent of a paper check.","As noted above, they address accounting and financial reporting issues only.","Other areas can include IT development or complete management of the IT functions of the enterprise.","Obtaining money, or other agreed upon medium, for provision of goods or services.","Council of Logistics Management, now known as The Council of Supply Chain Management Professionals.","Network segmentation isolates system components that store, process, or transmit cardholder data from systems that do not.","Why Is the Census Bureau Monitoring Your Exports?","Note that this does not refer to an issuer declining authorization for payment on a transaction.","They do not include Expenses that make the product or deliver the service.","Typical PINs are used for automated teller machines for cash advance transactions.","Often used by people who do not have checking accounts.","CFEs are employed by most major corporations and government agencies, and others provide consulting and investigative services.","The amount of purchasing credit a customer has available.","Usually defined by the internal credit department and reduced by any existing unpaid bills or open orders.","UT business purposes and to be reimbursed for related travel expenditures.","Available on request for a small fee, credit reports assist lenders and businesses when making a decision regarding whether or not to offer credit to a potential customer.","We use cookies to give you a better experience.","International Organization for Standardization.","It will enable you to discuss your financial reports knowledgeably and do a good job of running your business.","Item master definition and control.","Sets the pace of production to match the rate of customer demand and becomes the heartbeat of any lean production system.","Examples are a characteristic, a score or grade of product or activity, or groupings of these items, and performance measures.","The buyer can obtain a writ of replevin issued by a judge to allow the buyer accompanied by an officer of the jurisdiction to enter the facilities and physically repossess the property.","Click here to search the whole site.","He is the Founder and CEO of Due.","It is a present value calculation that reflects the time value of each of those cash flows.","It categorizes net cash provided or used during a period as operating, investing and financing activities, and reconciles beginning and ending cash and cash equivalents.","In its capacity as an ACH network operator, NACHA is responsible for managing operating rules, enforcement and risk management, and network development.","Stock or securities for this purpose includes contracts or operations to acquire or sell stock or securities.","The use of a mobile device to pay for goods or services.","An official in charge of inspecting a particular institution or activity.","Also: fiscal year, financial year, tax period.","What Does ACH Do for Consumers?","Accounts receivable or payable from or to affiliated companies.","Likewise, a manufacturer that decides to take over distribution and perhaps sale to the ultimate consumer is said to be forward integrated.","Another word for risk in finance.","What is the Abbreviation for Credit?","All costs associated with the inspection and testing of received materials to verify compliance with specifications.","It permits financial services companies to merge and engage in a variety of new business activities, including insurance, while attempting to address the regulatory issues raised by such combinations.","In the case of assets not traded in a securities market, the prices may be updated on a less frequent basis, or derived from the work of valuation specialists.","If endowment income is higher than needed to fund the spending policy, the excess is shown below the subtotal for operating income.","An official listing of all accounting transactions occurring on an account.","In the context of international trade, intermodal container is usually synonymous with container.","Method of computing a deduction to account for a reduction in value of extractable natural resources.","You must refer to this list before you use an acronym or abbreviation.","The electronic transmission of business documents such as invoices, purchase orders and bills of lading.","The Truth in Lending Act requires disclosure of the finance charge.","The address where a purchased item will be shipped.","Also called operating profit.","North Carolina Public Health works to promote and contribute to the highest possible level of health for the people of North Carolina.","The area surrounding a city or town to which rate carriers quote for the city or town also apply; the ICC defines the area.","We just need some information from you so our specialists know how to assist you better.","Everthing else being equal.","The unit head for a subunit is an administrator assigned responsibility for a subdivision of the official unit.","Containers designed to conform to the inside of an aircraft.","How Do Automatic Debit Payments From My Bank Account Work?","Qualified bid or offer as a part which is necessary to conclude a contract."]