Adjustment Bond Definition

Adjustment Bond Definition

What is Adjustment Bond? Adjustment bond is a new security issued for the outstanding debt of a corporation facing bankruptcy that needs to recapitalize its debt structure. Understanding Adjustment Bond An adjustment bond is issued by a corporation when it restructures its debts to cope with financial difficulties or potential bankruptcy. During restructuring, holders of existing

Adjustment Bureau Definition

Adjustment Bureau Definition

What Is an Adjustment Bureau? An adjustment bureau is an organization that focuses on helping businesses to collect outstanding debts from delinquent debtors. Adjustment bureaus are also known as collection agencies. Most adjustment bureaus earn a percentage of the outstanding debt upon successful collection. An adjustment bureau is not a loan agency or a debt

Adjustment Date

Adjustment Date

What Is an Adjustment Date? An adjustment date is the date when a financial change under a contract or transaction is scheduled to occur. All parties involved in a transaction will agree on the adjustment date. Many real estate deals include adjustment dates. Adjustment dates also refer to the dates when interest rate changes are scheduled

Management Bond Definition

Management Bond Definition

What Is an Administration Bond? An administration bond is a bond that is posted on behalf of an administrator of an estate to provide assurance that they will conduct their duties according to the provisions of the will and/or the legal requirements of the jurisdiction. The bond covers any financial losses to the estate due

Administrative Accounting Definition

Administrative Accounting Definition

What Is Administrative Accounting? Administrative accounting handles and reports internal factors and figures that influence decision making, operational control, and managerial planning. An administrative accountant is usually responsible for accomplishing a company’s administrative goal. Tasked with managing and tracking incomings and outgoings, the duties of these professionals may extend to assisting companies with internal operational

Further Cardholder Definition

Further Cardholder Definition

What Is Additional Cardholder? An additional cardholder is an authorized secondary user added to an account by the primary cardholder. The additional cardholder generally gets to enjoy all the benefits of a debit or credit card account without any liability, which remains the responsibility of the primary cardholder. As a result, cardholders need to be