Filter by Categories
Accounting
Banking

Defalcation

Misappropriation of bank funds in a way or another. For example, a bank teller may fraudulently abstract money from a...

Denomination Transformation

A type of transformation that is performed by banks and other depositary institutions (financial intermediaries) whereby the small amounts deposited with them are transformed...

Daily Interest

Interest is considered accrued when it is added to the balance on the account, which accrues on loans such as...