It can be argued that 'profit' does not always give a useful or meaningful picture of a company's operations.Readers of a company's financial statements might even be misled by a reported profit figure.For the purposes of the capital framework, a CCP is a financial institution; (b)client of a clearing member - a party to a transaction with a CCP through either a clearing member acting as a financial intermediary, or a clearing member guaranteeing the performance of the client to the CCP; (d)counterparty credit risk (CCR) - the risk that the counterparty to a transaction could default before the final settlement of the transaction’s cash flows.An economic loss would occur if the transactions or portfolio of transactions with the counterparty has a positive economic value at the time of default; (f)credit-event payment - the amount that is payable by the credit protection provider to the credit protection buyer under the terms of a credit derivative contract following the occurrence of a credit event.
“Agreement” means this Operating Agreement, including the schedules and exhibits hereto, as amended from time to time.
Accounting helps keep a track of the financial position of the business and forms the basis for good financial planning.
While studying accountancy, you may come across several terms that you may not be familiar with.
Absorb/Absorption Absorb indicates that one account or group of accounts combines the amounts from similar or related accounts or groups of accounts.
Thus, the combined account is a new entity, while the old ones are removed.