clearing account
A general ledger account which serves to summarize similar transactions. For example, all of the closing entries involving operating expenses might be posted to an operating expense clearing (or summary) account.
CLEARING ACCOUNT - in banking, is a bank account used by a mortgage servicing company for the temporary...
CLEARING AND SETTLEMENT - The process whereby banks collect or pay out for items drawn on or paid into ...
Clearing Account: An account at the clearing bank that will receive a member's credit or debit for net settlement.
clearing account
An account used to accumulate total charges or credits so that they can be distributed later among the accounts to which they are allocable, or so that the net differences can be transferred to the proper account.
Clearing account - Usually a temporary account containing costs or amounts that are to be transferred to another account.
Clearing Account
A demand deposit account maintained by an FI with the clearing and settlement authority -- typically the central bank.
A clearing account that the Federal Reserve maintains to facilitate fund transfers between the 12 Federal Reserve banks located throughout the country. The account is domiciled in Washington D.C.
Clearing account
Closure by stealth
Cloud computing consulting
Collateral Billing number
College Bellhop
Commission on the Accreditation of Healthcare Management Education
Common fund
Company scrip
Compliance training ...
Swing.
Margin of credit allowed on a bilateral clearing account beyond which all trade exchanges stop and cannot be resumed until the swing imbalance is reduced.
Because the Factory Overhead account is just a clearing account (not a financial statement account), the remaining balance must be transferred out.
Countertrade may take different forms, including barter, buy-back or compensation, counterpurchase, offset requirements, swap, switch, evidence or clearing accounts.
countries that agree to purchase specific amounts of each other's products over a certain period of time, using a designated "clearing currency" in the transactions; Switch arrangements that permit the sale of unpaid balances in a clearing account to ...
 See also: Expense, Banks, Administration, Compensation, Invoice
  
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