BEST ASK Definition

Bookmark and Share

BEST ASK is the lowest quoted offer of all competing Market Makers to sell a particular stock at any given time.

Learn new Accounting Terms

REVOLVING LINE OF CREDIT in commercial banking is a contractual agreement between a bank and, usually, a company where the bank agrees to provide loans up to a specified maximum over a specified period, usually a year or more. In consumer banking, it is a loan account requiring monthly payments less than the full amount of the loan, and the balance is carried forward with a finance charge on that balance. Also known as REVOLVING CREDIT.

LEGITIMACY THEORY posits that businesses are bound by the social contract in which the firms agree to perform various socially desired actions in return for approval of its objectives and other rewards, and this ultimately guarantees its continued existence.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.