Financial Terms Dictionary – Page 10 – itho's internet resources

What Is an Ex Gratia Payment? Understanding Non-Liability Funds

By Itho July 28, 2015

[ad_1] What Is an Ex Gratia Payment? An ex gratia payment compensates an individual for damages or claims without admitting liability. It is made by an organization, government, or insurer. Ex…

Delivered-at-Place (DAP) Definition, How It Works, and Obligations

By Itho July 23, 2015

[ad_1] What Is Delivered-at-Place (DAP)? The buyer is responsible for paying import duties and any applicable taxes, including clearance and local taxes, under the terms of a delivered-at-place (DAP) agreement.…

Understanding the Effective Interest Rate Method for Bond Amortization

By Itho June 30, 2015

[ad_1] What Is the Effective Interest Rate Method of Amortization? The effective interest rate method is an accurate accounting approach for amortizing bonds issued at a discount or premium, gradually adjusting…

Boundary Conditions: What They are, How They Work

By Itho June 21, 2015

[ad_1] What are Boundary Conditions? Boundary conditions are the maximum and minimum values used to indicate where the price of an option must lie. Boundary conditions are used to…

Backdoor Roth IRA: Advantages and Tax Implications Explained

By Itho June 20, 2015

[ad_1] What Is a Backdoor Roth IRA? The backdoor Roth IRA is a maneuver that allows high earners to contribute indirectly to a Roth IRA when their incomes disqualify…

Chart of Accounts: Definition, How It Works, and Example

By Itho June 19, 2015

[ad_1] What Is a Chart of Accounts? A chart of accounts (COA) is an index of all of the financial accounts in a company's general ledger. In short, it is an…