The summary of a firm's financial operations over a fiscal period that includes key figures and metrics which provide investors a clearer picture of its financial health.
In an account statement, balance or item for which details were provided in a previous statement.
Comparing an account statement (or bank statement) with one's own accounting records, to detect any discrepancies that may indicate leakage of cash, slack accounting controls, or an error.
Words added to the crossing on a check to ensure that check is paid only into the account of the entity to whom the check is made out. This step makes a check a non-negotiable instrument, and provides protection against its fraudulent conversion. The words 'not negotiable' have the same effect.
Code which identifies the holder of a bank account. Credit cards, for example, have a 16 digit account number as specified by both MasterCard and Visa organizations. Also called account code.
This determines values that are measured as dollars as products.
Request by a bank or a lender to the applicant's bank for a copy of the applicant's account history, in connection with credit approval or renewal of a loan facility.
Restriction placed by a bank (or by some other competent authority) on an account holder's ability to access his or her funds. This may happen when the balance in the account is pledged as a collateral, or when tax authorities or a court order places a lien on it. See also check hold.
