CURRENCY MEASUREMENT Definition

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CURRENCY MEASUREMENT is part of determining the "functional currency" that mainly influences sales prices for goods / services. It will often be the currency in which denominated and settled: a. of country whose competitive forces and regulations mainly determine sales prices for goods / services; b. that mainly influences labor, material and other costs of providing goods / services; or, as stated, c. will often be the currency in which transactions are denominated and settled.

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INSURANCE CLAIM is a written notification to an insurance company requesting payment of an amount due under the terms of the policy.

CHIPS is Clearing House Interbank Payment System. A computerized payment system for clearing checks in New York.

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