NEW SHEKEL (SHEQEL, SHEQALIM, SHEKALIM) Definition

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NEW SHEKEL (SHEQEL, SHEQALIM, SHEKALIM) is a currency of Israel.

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ACCOUNTING SYSTEM is the set of manual and computerized procedures and controls that provide for identifying relevant transactions or events; preparing accurate source documents, entering data into the accounting records accurately, processing transactions accurately, updating master files properly, and generating accurate documents and reports.

SETTLEMENT, in securities, is the conclusion of a securities transaction; a broker/dealer buying securities pays for them; a selling broker delivers the securities to the buyer's broker.

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