PARENT ENTITY Definition

Bookmark and Share

PARENT ENTITY see PARENT COMPANY.

Learn new Accounting Terms

ENTITY CONCEPT is the concept that financial accounting and reporting relates only to the activities of a specific business entity and not to the activities of the owners of that entity.

BILLS PURCHASED, in trade finance, allows a seller to obtain financing and receive immediate funds in exchange for a sales document not drawn under a letter of credit. The bank will send the sales documents to the buyers bank on behalf of the seller.

Suggest a Term

Enter Search Term

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