Bank Draft Definition & Example - InvestingAnswers
Oct 5, 2020 · To obtain a bank draft, a person must first deposit funds equal to the check amount with the issuing bank. The bank then generates a check to the payee drawn on the bank's own …
Traveler's Check Definition & Example - InvestingAnswers
Sep 29, 2020 · A traveler's check is a certified bank draft that travelers may use the same way they use regular paper currency. Traveler's checks may be used in place of cash for purposes …
Negative Pledge Clause Definition & Example | InvestingAnswers
Sep 29, 2020 · Later, Company XYZ wants to borrow $2 million from Bank B. Bank B wants Company XYZ to pledge $1 million of factory assets as collateral for the loan. Because …
Financial Guarantee Definition & Example - InvestingAnswers
Aug 8, 2020 · ABC Company would like to build a new plant and thus would like to borrow $10 million from a bank. The bank will probably require XYZ Company to provide a financial …
Negative Confirmation Definition & Example - InvestingAnswers
Oct 1, 2019 · Its auditor contacts a random sample of Company XYZ's vendors and asks them to reply only if they have discrepancies with Company XYZ regarding accounts payable or …
Consolidated Financial Statements | Examples & Definition
Aug 12, 2020 · Required Reporting for Consolidated Financial Statements . There are few consolidated financial statement reporting requirements for private companies, but public …
Coupon Bond Definition & Example - InvestingAnswers
Mar 16, 2021 · How Does a Coupon Bond Work? Actual coupon bonds are rare today because most bonds are not issued in certificate form; rather, they are registered electronically …
SEC Form 10-Q Definition & Example - InvestingAnswers
Sep 6, 2020 · How Does SEC Form 10-Q Work? The 10-Q is just one of many forms a company that is publicly traded in the U.S. must file with the SEC.
Forward Contract | Example & Meaning - InvestingAnswers
Jan 9, 2021 · Forward Contract Example. Old MacDonald had a farm, and on that farm, he grew corn – a lot of corn. This year, he expects to produce 500 bushels of corn that he can sell at …
Prospectus | Meaning & Examples - InvestingAnswers
Jan 9, 2021 · Sample Prospectus of a Company The best place to view sample prospect documents is through the SEC. By looking at a few that have already been filed, you can …