Integrated circuit card and Reserves: Difference between pages

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imported>Doug Williamson
m (Spacing and italics added 22/8/13)
 
imported>Doug Williamson
(Added numbering to the two definitions and more spacing)
 
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(ICC/IC Card).  
1.  


Any pocket-sized card with embedded integrated circuits in plastic cards with embedded integrated computer chips.  
''Accounting''.


''Also known as a smart card or chip card.''
Reserves represent the amount of money ‘owed’ to the owner (shareholder) of the company.
 
In a profitable and conservative company, reserves will normally comprise a significant balance of accumulated undistributed profits.
 
 
2.
 
''Banking''.
 
Deposits maintained by non-[[central bank]] [[monetary financial institution]]s with their central bank in the latter's capacity as 'the bankers' bank'. Central banks may require institutions to maintain minimum balances with the central bank, in which case balances in excess of the minimum are known as 'excess reserves'.
 
Of course banks publish accounts and use the term in the accounting sense also - do not be confused by this.




== See also ==
== See also ==
* [[Chip card]]
* [[Interest on excess reserves]]
* [[Smart cards]]
* [[Merger reserve]]
* [[Official reserves]]
* [[Reserve requirements]]
* [[Special drawing rights]]
* [[Trapped cash]]


[[Category:Technology]]
[[Category:Long_term_funding]]

Revision as of 09:44, 30 May 2015

1.

Accounting.

Reserves represent the amount of money ‘owed’ to the owner (shareholder) of the company.

In a profitable and conservative company, reserves will normally comprise a significant balance of accumulated undistributed profits.


2.

Banking.

Deposits maintained by non-central bank monetary financial institutions with their central bank in the latter's capacity as 'the bankers' bank'. Central banks may require institutions to maintain minimum balances with the central bank, in which case balances in excess of the minimum are known as 'excess reserves'.

Of course banks publish accounts and use the term in the accounting sense also - do not be confused by this.


See also