imported>Doug Williamson |
imported>Doug Williamson |
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| 1. ''Contract.'' | | 1. |
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| Failure to honour the terms of an agreement.
| | An accounting charge reflecting the estimated periodic cost to a business of a physical capital asset over its estimated useful economic life. Accounting depreciation seeks to ensure that the total accounting cost of a capitalised asset is appropriately |
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| For example, failure to honour the terms of a loan agreement, or an obligation under a futures contract.
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| | spread and matched to the economic benefits of using the asset. Methods of spreading the total accounting cost include Straight line, Reducing balance and Sum of the digits. |
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| 2. ''Borrowing and lending - documentation.''
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| In borrowing and lending, default clauses are the part of the documentation that protect the investor (lender).
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| Accordingly default clauses are incorporated into loan agreements and bond indentures.
| | More generally, any decrease in the value of an asset resulting from the passing of time. |
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| Examples of default by a borrower include failure to pay interest or principal on time, and breaching a covenant.
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| | | A decrease in the value of a currency. |
| 3. ''Systems design - behavioural economics - decision making''.
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| 'By default', or a 'default position', means a choice or determination that is made, when no other positive decision or initiative has been taken.
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| :<span style="color:#4B0082">'''''Taxation in Qatar'''''</span>
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| :"There are two separate tax regimes in operation in Qatar and an entity is under the remit of only one regime.
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| :By default an entity is under the State of Qatar regime.
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| :Alternatively, an entity is under the remit of the Qatar Financial Centre (QFC) regime if the entity is licensed with the QFC."
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| :''Qatar - the Treasurer's Wiki''
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| Another example of a default position is the cognitive ''status quo bias'' to favour pre-existing conditions or choices, whatever they are.
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| == See also == | | == See also == |
| * [[Acceleration]] | | * [[Accumulated depreciation]] |
| * [[Bond]] | | * [[Amortisation]] |
| * [[Bond indenture]] | | * [[Appreciation]] |
| * [[Breach of covenant]] | | * [[Assets]] |
| * [[Covenant]] | | * [[Capital allowances]] |
| * [[Credit event]] | | * [[EBITDA]] |
| * [[Cross default]] | | * [[Net book value]] |
| * [[Default bias]] | | * [[PPE]] |
| * [[Default fund]] | | * [[Reducing balance]] |
| * [[Deletion]] | | * [[Straight line]] |
| * [[Entity]] | | * [[Sum of the digits]] |
| * [[Event of default]]
| | * [[Tax depreciation]] |
| * [[Exposure At Default]]
| | * [[Writing down allowance]] |
| * [[Financial covenant]]
| | * [[CertICM]] |
| * [[Forbearance]]
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| * [[Forward contract]]
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| * [[Futures contract]]
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| * [[Grace period]]
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| * [[Interest]]
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| * [[Loss Given Default]] | |
| * [[Loan agreement]] | |
| * [[Materiality]] | |
| * [[Non-performing loan]]
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| * [[Principal]]
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| * [[Qatar]]
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| * [[Qatar Financial Centre]]
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| * [[Regime]]
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| * [[Risk]]
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| * [[Speculation]]
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| * [[Variation margin]]
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| * [[Waiver]]
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| [[Category:Accounting,_tax_and_regulation]]
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| [[Category:The_business_context]]
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| [[Category:Identify_and_assess_risks]]
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| [[Category:Manage_risks]]
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| [[Category:Risk_frameworks]]
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| [[Category:Risk_reporting]]
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| [[Category:Financial_products_and_markets]]
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1.
An accounting charge reflecting the estimated periodic cost to a business of a physical capital asset over its estimated useful economic life. Accounting depreciation seeks to ensure that the total accounting cost of a capitalised asset is appropriately
2.
spread and matched to the economic benefits of using the asset. Methods of spreading the total accounting cost include Straight line, Reducing balance and Sum of the digits.
3.
More generally, any decrease in the value of an asset resulting from the passing of time.
4.
A decrease in the value of a currency.
See also
