Archives: Glossary

An agent is a person or business authorized to act on behalf of another person or company (called the principal).…

An agency relationship is a legal relationship in which one party (the agent) is authorized to act on behalf of…

An agency fee is the payment made to an agent for services performed on behalf of a principal. Simple Meaning:…

An agency agreement is a legal contract in which one person (the agent) is authorized to act on behalf of…

Age analysis is a method used to classify receivables or payables based on the length of time they have been…

Age allowance is a tax benefit or additional exemption given to senior citizens based on their age. Simple Meaning: It…

After sight refers to a period calculated from the date a bill of exchange is presented to and accepted by…

After date refers to a period calculated from the date written on a bill of exchange or promissory note, not…

An affinity card is a credit or debit card issued by a bank in partnership with an organization, such as…

An affiliate is a company that is related to another company, usually through ownership or control, but not fully owned.…