ALLOWANCE FOR NOTES RECEIVABLE LOSSES is an account maintained at a level considered adequate to provide for probable losses. The provision is increased by amounts charged to earnings and reduced by net charge-offs. The level of allowance is based on management's evaluation of the portfolio, which takes into account prevailing and anticipated business and economic conditions and the net realizable value of securities held.
LIBID is the London Interbank Bid Rate, the rate that a bank is willing to pay for funds in the international interbank market.
NOT-FOR-PROFIT ORGANIZATION see NONPROFIT ORGANIZATION.
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