What is Bank Deposits?DefinitionBank deposit refers to the money an account holder keeps (deposits) in the bank for safekeeping to be accessed at a later date. The account holder has full rights to ac...
What is a Bank Credit?Definition‘Bank Credit’ is a financial term used to refer to the amount of money a business or individual can borrow from a bank. It is also referred to as the money tha...
What is Bait and Switch?DefinitionThe bait and switch is a dubious sales tactic used to lure or attract a customer by advertising a low-priced item to the customer then maneuvering them to buy a ...
What is a Benefit-Cost Ratio (BRC)?DefinitionThe benefit-cost ratio is an indicator used in a cost-benefit analysis to give an overview of a project or proposal showing the relationship between t...
What is Backup Withholding (BWH)?It is expected of every taxpayer with certain kinds of income payments to report these payments on an information return (federal income tax return). The income paymen...
What is a Bad Credit? Bad credit is a historical bad report on a person's debt payment. The record states the person's inability to pay his or her debt when it was expected and the likelihood tha...
What is Back To Back Letter Of Credit?A back to back letter of credit is made of two letters of credit (LCs) used together to finance a business transaction. The two LCs are opened in favor of th...
Acceptable Quality Level (AQL) The Acceptable Quality Level (AQL) is an industrial metric that determines the quality level of a good product or service that is the least tolerable. The accep...
The Americans with Disability Act, abbreviated as ADA is a law that prohibits discrimination against people living with disabilities. It covers several areas including employment, public accommodat...
The American Opportunity Tax Credit (AOTC) The American Opportunity Tax Credit (AOTC) is a tax credit for education expenses for a qualified student (who is a taxpayer) for the first four...