Truncation and Trussonomics: Difference between pages

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1.
''UK economics.''


''Banking''.
The economic policies and beliefs of Liz Truss, UK Conservative Prime Minister from September to October 2022.


A procedure in which the physical movement of paper payment instruments (for example paid cheques or credit transfers) within a bank, between banks or between a bank and its customer is curtailed or eliminated, being replaced, in whole or in part, by electronic records of their content for further processing and transmission.


==See also==
* [[Reaganomics]]
* [[Thatcherism]]
* [[Trumponomics]]
* [[United Kingdom]]


2.
The shortening of any piece of information, usually by removing the last part.
For example the number 9.876, truncated to one decimal place, would become 9.8.
It is poor practice to truncate numbers in this way.
It is better to round, if a simpler presentation is appropriate.
(9.876 would round to 9.88, or 9.9 or 10.)
== See also ==
* [[Cheque truncation]]
* [[Rounding]]
* [[Substitute check]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:The_business_context]]
[[Category:Technology]]

Revision as of 18:05, 25 October 2022

UK economics.

The economic policies and beliefs of Liz Truss, UK Conservative Prime Minister from September to October 2022.


See also