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Forex
Foreign Exchange The simultaneous buying of one currency and selling of another in an over-the-counter market. Most major FX is quoted against the US Dollar.
Industry: Economy
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Forex
accounting equation
Economy; Forex
A form of double entry bookkeeping which identifies the debit and credit elements in a transaction.
account reconciliation
Economy; Forex
The process of matching all checkbook debits and credits to the final bank statement.
accounts receivable
Economy; Forex
An amount of money that a firm is owed by another party for goods sold or services rendered.
accounts receivable financing
Economy; Forex
The selling of a firm’s accounts receivable, at a discount, to a factor, who then assumes the risk of the account debtors and receives cash as the debtors settle their accounts.
account statement
Economy; Forex
Any document designed to summarize and record all transaction activity in a given accounting period.
accreted value
Economy; Forex
The price a bond would fetch in the open market assuming current market interest rates were held constant.
accrual basis accounting
Economy; Forex
A method of accounting that tracks revenues and expenses as they are incurred.
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