Biweekly mortgage is defined as an option of paying a mortgage, in which payments are made every 2 weeks as opposed to the traditional payment schedule in which 12 monthly payments are made every year.
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finance
blank endorsement
Blank endorsement is a kind of signature on a financial instrument. It has no designated payee, so the person who possesses it can demand payment, for example, a check made payable to cash and endorsed on the back with the signature of the...
blanket security lien
A blanket security lien is a type of security interest over the assets of an entire entity rather than an individual asset. While blanket liens can technically be placed on the assets of an individual person, they are more commonly seen on...
book account
A book account is a record of all the financial information of a person or business. It is a statement of the debit and credit of an individual which also shows the amount of debt a person owes at any given time. In terms of a business’s book...
bookkeeper
A Bookkeeper refers to a corporation’s or organization’s financial record keeper. This person will usually be in charge of keeping records of the company’s accounts, expenditures, earnings, profits, losses, receipts, etc. Bookkeepers and...
bookkeeping fraud
Overview
Bookkeeping fraud (also referred to as accounting fraud) refers to types of fraud committed by officers, accountants, and other employees that manipulate company finances and records to achieve some kind of personal gain. There are...
building and loan association
Building and loan associations were organizations that provided loans to members for buying homes. The organizations were formed by a community of low income members that made regular payments into the fund. Members owned shares in the...
business expense
Business expenses are the operating costs of a business. Whether a given cost qualifies as a business expense is relevant because business expenses are tax deductible while other forms of expenses are not. To qualify as a business expense,...
buyback
A buyback refers to when a corporation repurchases its own outstanding stock. By doing so, the number of overall shares in the market drops and the value of each individual share tends to increase. Issuing a buyback offer is not binding on...
calendar year accounting period
Calendar year accounting period is the accounting period that uses the calendar year, which is the common Gregorian calendar, and begins on January 1 and ends on December 31. An accounting period is an established time frame within which...