DEFICIENCY Definition

Bookmark and Share

DEFICIENCY is a shortcoming in an internal control or an opportunity to strengthen internal controls.

Learn new Accounting Terms

BEAR is an investor who expects share prices to fall and thus likely to sell short. More generally, a pessimist about the market outlook.

LETTER OF AWARENESS is a formal letter written to a lender, normally by a parent company, acknowledging its relationship with another group company and its awareness of a loan being made to that company. It is the weakest form of comfort letter. Such letters do not constitute a guarantee, but may nevertheless involve a significant moral commitment on the part of the writer.

Suggest a Term

Enter Search Term

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