SELF-CHECKING DIGIT Definition

Bookmark and Share

SELF-CHECKING DIGIT is where an extra digit is added to a number. The extra digit is computed from the other digits in the number. The computer program can then check input by recomputing and comparing the check digit. This is a useful control over the input of account numbers.

Learn new Accounting Terms

GIVEUP is the opposite of "pickup." A reduction in yield as a result of a swap transaction in which one security is sold and another purchased. Yield declines rather than increases as a result of the transaction.

ACCRUED INCOME is income earned during a fiscal period but not paid by the end of the period.

Suggest a Term

Enter Search Term

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