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Counter credit refers to the cash deposit at the counter by paying a visit to the banks. Whenever anyone visits a bank and deposits cash it reflects as counter credit.
A counter credit is nothing more than a credit to an account that was made by walking into the bank, walking up to the counter, and handing the deposit to the teller that's standing on the other side of the counter.
Counter Deposit. Counter Deposit Meaning: In deposit terminology, the term Counter Deposit refers to the most direct way to make a deposit at a bank or financial institution. A Counter Deposit is generally made in person by the account holder over the banks counter and is received by a member of the banks staff.
Deposit Balance means the amount from time to time standing to the credit of the Deposit Account (excluding interest having accrued thereon)
Adjusting the Debit Balance Sometimes, a trader's margin account has both long and short margin positions. The adjusted debit balance is the amount in a margin account that is owed to the brokerage firm, minus profits on short sales and balances in a special miscellaneous account (SMA).
The amount of money in an account at the start of the business day, including all deposits and withdrawals posted the previous night, whether the funds. Encoding is the process of transforming information from one format into another. ... Pretended Check Deposits: a “Pretended Check” has the dollar amount.
CHAPS Clearing House Automated Payment System (a means of transferring money) CRE Credit payment. DDR Direct Debit. DR debit balance (overdrawn) IBAN International Bank Account Number (you can find this on your statement)
IBP — Inter-Branch Payment. INT — Interest. ITL — International. NDC — Non Dividend Counterfoil.
This new glossary guide demystifies the bank jargon to help you. There is an unknown DSD Spending withdrawal on my account.
A transaction code represents a type of payment or bank transaction. You must define a transaction code for each type of payment you plan to use, such as manual checks, system checks, electronic files, and bills of exchange. ... You will use cash payment transaction codes in the Accounts Payable application.
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