Explore topic-wise fullforms in Accounts and Finance

INFO: Full form for CIFA is Certificate In Investment and Financial Advice in Accounts and Finance category
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The Uniform Commercial Code (UCC), first published in 1952, is one of a number of Uniform Acts that have been established as law with the goal of harmonizing the laws of sales and other commercial transactions across the United States through UCC adoption by all 50 states, the District of Columbia, and the Territories of the United States.

While largely successful at achieving this ambitious goal, some U.S. jurisdictions (e.g., Louisiana and Puerto Rico) have not adopted all of the articles contained in the UCC, while other U.S. jurisdictions (e.g., American Samoa) have not adopted any articles in the UCC. Also, adoption of the UCC often varies from one U.S. jurisdiction to another. Sometimes this variation is due to alternative language found in the official UCC itself. At other times, adoption of revisions to the official UCC contributes to further variation. Additionally, some jurisdictions deviate from the official UCC by tailoring the language to meet their unique needs and preferences. Lastly, even identical language adopted by any two U.S. jurisdictions may nonetheless be subject to different statutory interpretations by each jurisdiction's courts.

INFO: Full form for UCC is Unconfirmed Credit Contract in Accounts and Finance category
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INFO: Full form for WOC is Without Compensation in Accounts and Finance category
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INFO: Full form for FBS is Fixed Budget Selection in Accounts and Finance category
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INFO: Full form for FBS is Finance and Business Services in Accounts and Finance category
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INFO: Full form for NBT is Non- Billable Time in Accounts and Finance category
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INFO: Full form for AAI is Automatic Accounting Instructions in Accounts and Finance category
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INFO: Full form for GSL is Generic Spokane League in Accounts and Finance category
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INFO: Full form for NFL is Network of Finance Leaders in Accounts and Finance category
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INFO: Full form for NFL is Not Finishing Leases in Accounts and Finance category
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INFO: Full form for PVA is Present Value Analysis in Accounts and Finance category
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INFO: Full form for ASQ is Allowable Sale Quantity in Accounts and Finance category
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INFO: Full form for ASQ is Annual Saleable Quantity in Accounts and Finance category
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INFO: Full form for BSO is Budget Submitting Office in Accounts and Finance category
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The effective interest rate (EIR), effective annual interest rate, annual equivalent rate (AER) or simply effective rate is the interest rate on a loan or financial product restated from the nominal interest rate and expressed as the equivalent interest rate if compound interest was payable annually in arrears.

It is used to compare the interest rates between loans with different compounding periods, such as weekly, monthly, half-yearly or yearly. The effective interest rate sometimes differs in one important respect from the annual percentage rate (APR): the APR method converts this weekly or monthly interest rate into what would be called an annual rate that (in some parts of the world) doesn't take into account the effect of compounding.

By contrast, in the EIR, the periodic rate is annualized using compounding. It is the standard in the European Union and many other countries around the world.

The EIR is precise in financial terms, because it allows for the effects of compounding, i.e. the fact that for each period, interest is not calculated on the principal, but on the amount accumulated at the end of the previous period, including capital and interest. This reasoning is easily understandable when looking at savings: if interest is capitalized every month, then in every month the saver earns interest on the entire sum, including interest from the previous period. Thus if one starts with $1000 and earns interest at 2% every month, the accumulated sum at the end of the year is $1268.24, giving an effective interest rate of about 26.8%, not 24%.

The term nominal EIR or nominal APR can (subject to legislation) be used to refer to an annualized rate that does not take into account front-fees and other costs can be included.

Annual percentage yield or effective annual yield is the analogous concept used for savings or investment products, such as a certificate of deposit. Since any loan is an investment product for the lender, the terms may be used to apply to the same transaction, depending on the point of view.

Effective annual interest or yield may be calculated or applied differently depending on the circumstances, and the definition should be studied carefully. For example, a bank may refer to the yield on a loan portfolio after expected losses as its effective yield and include income from other fees, meaning that the interest paid by each borrower may differ substantially from the bank's effective yield.

INFO: Full form for AER is Annual Equivalent Return in Accounts and Finance category
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INFO: Full form for BVF is Business Vehicle Finance in Accounts and Finance category
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INFO: Full form for PVO is Provisional Variation Order in Accounts and Finance category
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INFO: Full form for PAF is Payment Approval Form in Accounts and Finance category
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The Open Payment Initiative, or O.P.I. for short, was launched to standardize the application interface between the EPOS application and any cashless payments solution installed on the EFT/PoS terminal. The specification for this interface focused mainly on international and cross-industry aspects. Today, the O.P.I. interface is already a de facto European standard, which is spreading from Germany to retailing projects throughout Europe.

The specifications, which were first published in 2003, and reference installations are based on the POS EPS specifications from IFSF (International Forecourt Standards Forum), which were developed for the service station industry and to which retail features have been added. The universal O.P.I. interface has made it possible to integrate varying EFT/PoS solutions in European POS projects for the first time.

INFO: Full form for OOR is Other Operating Revenue in Accounts and Finance category
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INFO: Full form for OBO is Off By One in Accounts and Finance category
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INFO: Full form for OBO is Or Best Offer in Accounts and Finance category
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INFO: Full form for OEC is Ordre Des Experts Comptables (france) in Accounts and Finance category
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INFO: Full form for NTO is Net Trap Or Other in Accounts and Finance category
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INFO: Full form for OAR is Overhead Absorption Rate in Accounts and Finance category
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