Business Terms and Jargon Explained

What is Multicurrency

This is where more than one currency is used or a figure is expressed in a number of currencies.

e.g price 50 or $75

A company that uses and trades in different countries will use a different currency in each country. Their internal accounts will be in multicurrency and translated into one currency for reporting purposes.

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Covenant NAS Repo
B2C Garnishment Securitisation
Statement of Account Urlencode Public Key Infrastructure - PKI
Balloon Payment Audit Report Oxygen-move
Grey market Overwrite Procedure Ad Idem
JP Community Acquis Principal
Coin of the realm Account monitoring order Usufruct
Tax Exemption Umbrella Fund Quality circles
Dongle Usury Holdover Tenancy
Value billing Insider lending EDCS
N92 Civil Court form FOTRA Standing Order
NGO European Court of Justice Bad Debt Relief
Nominated court Advanced fee fraud Virement

Term created / updated 2006-08-31 17:17:51

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