Annuity Due is a payment of receipt of a fixed amount of money at the beginning of each period for a specified number of periods. It is different from general/ordinary annuity in which the payments are made after the end of each payment cycle. One may find an Annuity Due ... Read More

A statement of account or account statement is a document that enlists transactions between a buyer and a seller. It is a summary of all transactions that take place within a specified period. Business managers use account statements to learn the productivity of their efforts and account statements are a ... Read More

There are two types of assets associated with a company - the real assets and the financial assets. Real assets are needed to continue operations and financial assets are non-physical assets that can be converted to cash easily. Real assets are called real because they often have a real form ... Read More

Account numbers are numbers of accounts. An account number can be composed of letters, numbers or a mix of the two. Account numbers grant access to an individual holding that number. Account numbers are unique numbers such that no two persons can have access to the funds in the account ... Read More

A trust account is an account that is managed by a trustee who acts on behalf of a third party. The trustees are selected by the investors and they have to act their best for the best results to the beneficiary. Parents often open trust accounts for their children. The ... Read More

An acceleration clause is a covenant in loan agreements that are often found in property deals. In such clauses, the lender asks the borrower to repay the entire outstanding amount of the loan if certain conditions are not met. These conditions are usually mutually agreed upon during the negotiation phase ... Read More

If an entity can produce an equal amount of unit outputs using fewer inputs or if it can produce more outputs in a unit amount of time, it is known as the absolute advantage of the entity. For example, the extraction of crude oil is an absolute advantage of Saudi ... Read More

The A-B trust is a trust that has two portions - the A trust and the B trust. It is an estate planning tool that helps married couples avoid heavy taxes. The A-B trust splits into two portions when any one of the spouses dies. In A-B trust, both of ... Read More

Created by Athel Percy Andrus in 1958, the American Association of Retired Persons (AARP) is a nonprofit organization that deals with various issues retired persons face in their lives. Taking care of persons aged above 50, AARP has more than 38 million members. Although it is a nonprofit organization some ... Read More

Accounting is a way to record and organize transactions. Accounting is usually done for big companies and corporate houses, but some accountants also serve individuals with accounting. Accounting processes raw financial information and shows them in an organized and systematic manner. It also shows whether a business is making a ... Read More