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Accounting
Banking

Bank Transfer

A form of electronic payment that involving sending money directly from one bank account to another, via a clearing house....

For Further Credit

An instruction that is set by a bank to receive a wire transfer, specifying a second beneficiary as to the...

FFC

An abbreviation for "for further credit"; an instruction that is set by a bank to receive a wire transfer, specifying...

For Benefit Of

An instruction that is set by a bank to receive a wire transfer, specifying the account name on file with...

FBO

An abbreviation for "for benefit of"; an instruction that is set by a bank to receive a wire transfer, specifying...

APS of a Loan

It stands for absolute prepayment speed; the monthly prepayment (in relation to an ABS (asset backed security) or a loan...

ABS Absolute Prepayment Speed

The monthly prepayment (in relation to an ABS (asset backed security) or a loan or lending arrangement or similar structure/...

Payment Lag

In relation to a transfer system, it refers to the span of time (lag) between the acceptance of the transfer...

Settlement Lag

In relation to a transfer system, it refers to the span of time (lag) between the acceptance of the transfer...

NCC

It stands for net credit cap; an upper or maximum limit (cap) that is placed on the credit exposure (credit...