NOMINAL CAPITAL Definition

Bookmark and Share

NOMINAL CAPITAL is total face value of authorized issuable capital.

Learn new Accounting Terms

VOSTRO ACCOUNT is a local currency account maintained with a bank by another bank. The term is normally applied to the counterpartys account from which funds may be paid into or withdrawn, as a result of a transaction.

CORPUS FUND is the capital of the organization; the funds generated and kept for the existence and sustenance of the organization. Normally a corpus fund denotes a permanent fund kept for the basic expenditures needed for the administration and survival of the organization.

Suggest a Term

Enter Search Term

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