Provision and Real-time gross settlement system: Difference between pages

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1. ''Financial reporting - balance sheet - liabilities''.  
(RTGS).  


A form of liability where there is uncertainty as to the amount and timing of final settlement.
''Funds transfer''.


Relevant accounting standards include IAS 37 and Section 21 of FRS 102.
A gross settlement system in which processing and settlement take place in real time (continuously).
 
 
2. ''Accounting - noun''.
 
A reduction in the carrying amount, or net book value, of an asset to recognise an estimated reduction in value.
 
Examples include bad debt provisions and provisions for depreciation.
 
 
3. ''Accounting - verb''.
 
To create an accounting provision, or increase the amount of a provision.
 
 
4. ''Law''.
 
A significant individual part of a law, for example a tax anti-avoidance provision.
 
 
5. ''Contract law''.
 
A significant individual part of a contract, for example a clause or a term in a contract.




== See also ==
== See also ==
* [[Accrual]]
* [[EONIA]]
* [[Anti-avoidance provision]]
* [[Fedwire]]
* [[Bad debt provision]]
* [[Gross settlement system]]
* [[Big bath]]
* [[Interlinking]]
* [[Book reserve]]
* [[NSS]]
* [[Call provision]]
* [[Real-time transmission, processing or settlement]]
* [[Carrying amount]]
* [[Trans-European automated real-time gross settlement express transfer]]
* [[Contract]]
* [[Deficit]]
* [[Depreciation]]
* [[FRS 102]]
* [[General provision]]
* [[IAS 37]]
* [[Liabilities]]
* [[Make whole provision]]
* [[Net book value]]
* [[Prudence]]
* [[Reserve]]
* [[Term]]
* [[Zero rate provision]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Cash_management]]
[[Category:Compliance_and_audit]]

Revision as of 18:40, 4 December 2013

(RTGS).

Funds transfer.

A gross settlement system in which processing and settlement take place in real time (continuously).


See also