Above par
See: Premium bond.
Absolute priority
Definition: The rule which says that, with regard to being paid back, lenders and creditors
Accelerated Cost Recovery System (ACRS)
Definition: Standing for Accelerated Cost Recovery System, a law that allows depreciation of equipment (and
Accelerated depreciation
Definition: A depreciation method that allows the recording of depreciation in excess of the amount
Account reconciliation
Definition: A process a bank account owner takes to make sure that what it believes is