What Is a Debit Ticket? A debit ticket is an entry by a bookkeeper or an accountant that indicates a sum of money that is owed but not yet paid by the business. It reduces the balance of the general ledger by that sum. When payment is received a corresponding credit is entered to cancel
What Is Debris Removal Insurance? Debris removal insurance is a section of a property insurance policy that provides reimbursement for clean-up costs associated with damage to property. Policies with a debris removal provision typically only cover debris resulting from an insured peril, such as charred wood or twisted metal from a building fire. How Debris
What Is the Debt-to-EBITDA Ratio? Debt/EBITDA—earnings before interest, taxes, depreciation, and amortization—is a ratio measuring the amount of income generated and available to pay down debt before covering interest, taxes, depreciation, and amortization expenses. Debt/EBITDA measures a company’s ability to pay off its incurred debt. A high ratio result could indicate a company has a
What Are Debt Accordions? A debt accordion, also known as an incremental facility, is a provision that allows a borrower to expand the maximum amount allowed on a line of credit (LOC), or to add a term loan to an existing credit agreement. Key Takeaways Debt accordions are provisions that allow a borrower to increase the maximum
What Is a Debt Avalanche? A debt avalanche is a type of accelerated debt repayment plan. Essentially, a debtor allocates enough money to make the minimum payment on each source of debt, then devotes any remaining repayment funds to the debt with the highest interest rate. Using the debt avalanche approach, once the debt with the highest interest
David Ricardo (1772–1823) was a classical economist best known for his theory on wages and profit, the labor theory of value, the theory of comparative advantage, and the theory of rents. David Ricardo and several other economists also simultaneously and independently discovered the law of diminishing marginal returns. His most well-known work is Principles of
David Tepper is regarded as a prominent investor and hedge fund manager. In 1993, Tepper co-founded Appaloosa Management L.P. With a net worth exceeding $16.7 billion, David Tepper is recognized as one of the world’s prominent billionaires. Key Takeaways David Tepper is a renowned hedge fund manager and co-founder of Appaloosa Management L.P.He is the
What is the Davos World Economic Forum? The Davos World Economic Forum brings together business leaders, politicians, and journalists once a year to discuss current global economic and social challenges. It is the annual meeting of the World Economic Forum and is usually held in January in the ski town of Davos, Switzerland. The COVID-19
What Is Day-Count Convention? A day-count convention is the system used on debt securities, such as bonds or swaps, to calculate the amount of accrued interest or the present value when the next coupon payment is less than a full coupon period away. Key Takeaways A day-count convention is a standardized methodology for calculating the
What Is a Day Cycle? A day cycle is the time period allotted for the delivery of Automated Clearing House (ACH) debits and credits from an originator to its processor. It is intended to allow financial institutions to settle transactions within the same day. The day cycle is also sometimes referred to as the daytime
