Post-Closing Trial Balance: A listing of all real account balances after the closing process has been completed: provides a means of testing whether total debits equal total credits for all real accounts prior to beginning a new accounting cycle.

 

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Post-Closing Trial Balance: A listing of all real account balances after the closing process has been completed: provides a means of testing whether total debits equal total credits for all real accounts prior to begin . . . View Full Definition

Jolly Balance: A spring balance used in the determination of specific gravity.

International Six Day Trial (ISDT): Originally titled the International Six Day Trial, since 1980 it has been called the “ISD Enduro.” The (ISDE) is the oldest “off road” motorcycle event on the FIM Calendar. (See ISDE).

Industrials: A bond issued by local government agencies on behalf of corporations.

Industrialization: When used in agriculture, this term generally refers to the consolidation of farms into very large production units.

Longitude, Geographical Or Terrestrial: The distance in arc a given point on Earth lies east or west of the prime meridian, which passes through Greenwich, England (0° longitude). Geographical longitude is measured from 0° to 180° . . . View Full Definition

Low Balance Method: A method of calculating interest on the basis of the lowest balance of an account over the applicable period.

Off-Balance-Sheet Financing: Financing that is not shown as a liability on a company's balance sheet.

North American Trials Council (NATC): The mission of the NATC, Inc. is to establish and to administer a US National Trials Championship series that will produce a US National Champion. Included in the mission is the establishmen . . . View Full Definition

No Balance Billing Provision: A provider contract clause which states that the provider agrees to accept the amount the plan pays for medical services as payment in full and not to bill plan members for additional amount . . . View Full Definition