Search results
Results from the WOW.Com Content Network
Functional currency refers to the main currency used by a business or unit of a business. It is the monetary unit of account of the principal economic environment in which an economic entity operates.
ASC 606 introduces a five-step model for recognizing revenue: Identify the contract: A valid contract exists when the parties are committed, the rights and payment terms are clear, and the contract has commercial substance.
The American Society of Cinematographers (ASC), founded in Hollywood in 1919, is a cultural, educational, and professional organization that is neither a labor union nor a guild. [2] The society was organized to advance the science and art of cinematography and gather a wide range of cinematographers to discuss techniques and ideas and to ...
Examples of the calculation of maximum initiation fees for different-size credit agreements. The service fee. The service fee is defined as a fee that may be charged periodically (usually monthly) by a credit provider in connection with the routine administrative cost of maintaining a credit agreement.
Cost-plus-incentive fee (CPIF) contracts have a larger fee awarded for contracts which meet or exceed certain performance goals, for example being on schedule and any cost savings. [1] Cost-plus-award fee (CPAF) contracts pay a fee based upon the contractor's product. An aircraft development contract, for example, may pay award fees if the ...
To distinguish between the Schedule to the Master Agreement and the Credit Support Annex, the schedules are numbered as Parts and CSA are numbered as Paragraphs. To customise the requirements of an OTC Transaction, the clauses which are required are added as Paragraph 11 (for London Agreements) and as Paragraph 13 (for New York Agreements).
The once esteemed financial services provider for military members seems to have lost its way.
A standard form contract (sometimes referred to as a contract of adhesion, a leonine contract, [a] a take-it-or-leave-it contract, or a boilerplate contract) is a contract between two parties, where the terms and conditions of the contract are set by one of the parties, and the other party has little or no ability to negotiate more favorable terms and is thus placed in a "take it or leave it ...