POS Meaning in Finance and Commerce – Point of Sale POS meaning in finance is the physical point of sale location where a customer payment occurs and transaction data is captured for products or services. The point of sale refers to the location where a customer makes the payment for […]
Banking
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What Is Subordinated Debt? Subordinated debt is an unsecured obligation that ranks lower in terms of claims on assets or profits than more senior loans or obligations. This type of debt is also known as a subordinated debenture. It is an unsecured loan or bond that ranks lower in terms of […]
IFC News – What Is International Finance Corporation (IFC)? IFC news refers to global media coverage of International Finance Corp., an affiliate of the World Bank. The organization provides financing for private-enterprise investment in developing countries across the globe through loans and direct investments. International Finance Corp. is affiliated with […]
What Is Smurfing in Finance and Banking? A smurf is an insider term for a money launderer who tries to avoid detection by government agencies. Smurfing is the practice of dividing big transactions into smaller ones that are individually below the reporting threshold. Smurfing is a criminal offense with significant […]
What Is a Hard Money Loan? A hard money loan is shorter-term financing secured by a hard asset or real property. These loans are usually arranged through an individual or company as opposed to a bank. A hard money loan is a type of loan that is often secured by […]
Fullz – What Does It Mean? Fullz is a term in cyber theft meaning full or complete information. Criminals who steal credit card information use the word to refer to a comprehensive set of data on a potential fraud victim. A fullz information packet contains a person’s genuine name, address, […]