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Banking

Currency Convertibility Option

The right of the holders of a given local currency to dispose of their currency holdings in exchange for goods…

Currency Convertibility Option

The right of the holders of a given local currency to dispose of their currency holdings in exchange for goods…

Measurement

The determination of the monetary amount at which an asset/ liability is to be recognized in the balance sheet using...

BEL

It stands for best estimate liability; an estimation of the liability value of a portfolio of insurance policies. It refers...

Best Estimate Liability

An estimation of the liability value of a portfolio of insurance policies. It refers to the unbiased estimate of the...

Unfunded Debt Obligation

A liability (debt obligation) for which there are no sufficient funds set aside to settle. In other words, unfunded liabilities...

Unfunded Liability

A liability for which there are no sufficient funds set aside to settle. In other words, unfunded liabilities are those...

Bankrupt Shell Corporation

A public shell corporation that has been formed either through issuance of shares following a bankruptcy (these shares are publicly…

Dain Mustaqir

Arabic (دين مستقر) for debt (dain) that represents an established liability on a debtor (madeen). In other words, payment or…

Contra Liability Account

A liability account which is expected to carry a debit balance. It decreases other liabilities on the balance sheet by...