transactions – Page 13 – itho's internet resources

Branch Banking: Definition, Advantages, vs. Unit Banking

By Itho November 7, 2008

[ad_1] What Is Branch Banking? Branch banking is the operation of storefront locations away from the institution's home office for the convenience of customers. Since the 1980s, branch banking…

Canceled Check Definition and How To Get a Copy

By Itho October 31, 2008

[ad_1] What Is a Canceled Check? A canceled check is a check that has been paid or cleared by the bank it was drawn on after it has been deposited…

Electronic Bill Payment & Presentment (EBPP): Definition, Types

By Itho October 28, 2008

[ad_1] What Is Electronic Bill Payment and Presentment? Electronic bill payment and presentment (EBPP) is a process that companies use to collect payments electronically through systems like the Internet, direct-dial…

Due From Account vs. Due To Account: Understanding Key Differences

By Itho October 27, 2008

[ad_1] What Is a Due From Account? A due from account is a critical asset account in the general ledger, tracking deposits held at other companies. In contrast, due to…

How Government Spending Impacts Private Investment

Understanding the Role of a Drawee in Banking Transactions

By Itho October 27, 2008

[ad_1] What Is a Drawee? "Drawee" is a legal and banking term used to describe the party that has been directed by a depositor to pay a certain sum of…

What Is a Disbursement?

By Itho October 24, 2008

[ad_1] What Is a Disbursement? A disbursement is a payment to an individual or entity from a private or public fund. It may also be a payment made on behalf…