Redemption value and Transposition error: Difference between pages

Revision as of 13:07, 14 August 2013

1. A simple error of data entry when two digits in a number are reversed (transposed).

When two adjacent digits are transposed the error will always be divisible by 9.

For example: If 3,460 should be 3,640 the difference is 180 (3,640-3,460=180) 180/9 = 20.

2. Similar errors with non-numerical data. For example ABC entered wrongly as ACB.

@@ Line 1: / Line 1: @@
-The amount of the cash payment or equivalent consideration to the holder, on the redemption of a security.
+.
+A simple error of data entry when two digits in a number are reversed (transposed).
+When two adjacent digits are transposed the error will always be divisible by 9.
+For example:
+If 3,460 should be 3,640
+the difference is 180 (3,640-3,460=180)
+/9 = 20.
+.
+Similar errors with non-numerical data.
+For example ABC entered wrongly as ACB.
 == See also ==
-* [[Redemption]]
+* [[Double counting]]
-* [[Face value]]
-* [[Par]]
-* [[Premium]]
-* [[Spens clause]]
-* [[Undated]]
-* [[Security]]