ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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SALARY Definition
SALARY is scheduled wages and benefits an employee receives from an employer.
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BLOCK TRADE is a purchase or sale of a large quantity of stock of 10,000 shares or more. For purposes of NASD Rule 6541 regarding Limit Order Protection, a block trade is defined as one for 10,000 shares or more and greater than $20,000 in value.
BANK RECONCILIATION is the verification of a bank statement balance and the depositor's checkbook balance.
