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Unrestricted Investment Account

An Islamic investment account that is subject to no restrictions as to the purpose, geographical distribution or way of investing...

RIA

It stands for restricted investment account; an Islamic investment account which is subject to certain restrictions imposed by the account...

Restricted Investment Account

An Islamic investment account which is subject to certain restrictions imposed by the account holder with respect to the purpose,...

Exceptions

The differences between the ledger balances of a bank and those of a correspondent bank. Exceptions arise from respondent- correspondent...

NOW Account

An abbreviation for negotiable order of withdrawal account; an interest bearing checking account. It is a type of transaction accounts...

Clubbing

Broadly, clubbing involves putting two accounts, or more, together in a major account for a more structured reporting. For example,...

Absorbed Cost

A cost that is actually borne by a business rather than passed on to its customers. Therefore, it is typically...

Open Account

A sale transaction where the goods are shipped and delivered, while payment is deferred for a future date, which is...

ZBA

It stands for zero-balance account; a checking account (current account) that requires no balance. Rather, it is designed to help...

Zero Balance Account

A checking account (current account) that requires no balance. Rather, it is designed to help companies control and manage their...