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Banking

Proportionate Consolidation

The consolidation of the accounts of joint ventures (JVs). This involves the combination of an investor's share of a venture's...

PnL Account

An abbreviation for profit and loss account; one of the primary financial statements of an entity that presents its revenues...

P/L Account

An abbreviation for profit and loss account; one of the primary financial statements of an entity that presents its revenues...

Profit and Loss Account

One of the primary financial statements of an entity that presents its revenues and expenses during the reporting period. It...

Omnibus Account

An account that is carried by a futures commission merchant (FCM) to aggregate the transactions of two or more individual...

Sweep Account

An account whereby a brokerage firm may automatically transfer- or sweep- a client's surplus funds (unused cash) into a specific...

Segregated Account

An account that is maintained by brokers to hold their customers' funds separate from the funds of the brokerage firm....

Drawing Account

A temporary contra equity account with a "debit balance" that decreases the typical "credit balance" of an owners' equity capital...

DDA

It stands for demand deposit account; a type of bank account that allows its holder to withdraw money from it...

Unnamed Contract

A class of contracts to which shari’a neither assigned specific names nor handled in details their respective rules and stipulations....