ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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ELECTRONIC FUNDS TRANSFER Definition
ELECTRONIC FUNDS TRANSFER is a payment executed through computers.
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DIRECT FINANCING LEASE is one in which the lessor's only source of revenue is interest. The lessor (generally a bank or other financial institution) buys an asset and leases it to the lessee. This transaction is an alternative to the more customary lending arrangement in which a borrower uses the loan proceeds to purchase an asset. A direct financing lease is the functional equivalent of a loan.
SMALL-CAP is a stock with a capitalization, meaning a total equity value, of less than $500 million.
