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Accounting
Banking

Loan Impairment Losses

Losses that reflect the expected or potential credit losses that may arise as to an entity's financial assets due to...

PCL

An acronym for provision for credit losses; a provision that is created (set aside) by an entity, as an amount...

Provision for Credit Losses

A provision that is created (set aside) by an entity, as an amount deducted from income, to adjust its loan...

ACL

It stands for allowance for credit losses; an allowance that constitutes an estimate of a debt/ obligation (credit extended to...

Allowance for Credit Losses

An allowance that constitutes an estimate of a debt/ obligation (credit extended to customers/ buyers) that an entity determines and...

Lifetime ECL

It stands for lifetime expected credit losses; the expected credit losses (ECL) that would result from all possible default events...

Lifetime Expected Credit Losses

The expected credit losses that would result from all possible default events to occur over the entire expected life of...

ECL

It stands for expected credit losses; by definition, it denotes credit losses that are expected to result from default events...

Expected Credit Losses

Credit losses that are expected to result from default events associated with financial instruments, financing commitments and financial guarantee contracts,...