Mar 6, 2019 10:53 AM - The Lake County Regional Office of Education Foundation, Inc is awarding ten (10) scholarships of $1,000 each to ten deserving 2019.

A Banker's Glossary ABO See accumulated benefit obligation. ABS (1) Initials for asset-backed security. See asset-backed security. (2) The name for a convention used to express the rate of prepayments for an asset-backed security. Naruto shippuden english dubbed all seasons download.

ABS expresses principal prepayments as a percentage of the original number of loans or contracts in the pool of securitized loans that created the security. ABS is always expressed as a monthly rate. Absorption A term used by real estate lenders and developers to describe the process of renting up newly built or renovated office space or apartments. The term 'absorption period' is often used to describe the period of time necessary for absorption. Abstract of title A written report summarizing the history of title transactions and conditions of title that affect a given piece of land covering the period from the present back to a date in the past. A comprehensive, but cumbersome, and somewhat obsolete, method of verifying the ownership and encumbrances of a parcel, or parcels, of real estate.

Accelerated depreciation A group of methods for achieving periodic reductions in the book value of fixed assets that make larger reductions in the early periods and progressively smaller reductions in later periods. The offsetting entry is the depreciation expense. Acceleration Making demand for payment in full for a debt that has not yet matured. Usually a remedy provided in a loan document for the lender to use in the event of default by the borrower. Acceleration clause A provision in a loan document stating that the entire amount of unpaid indebtedness owed to the lender may become immediately due and payable if the borrower defaults. Acceptance A time draft that has been accepted for payment.

See banker's acceptance. Accessions Goods that are physically united with other goods in such a manner that the identity of the original goods is not lost. An example is a new motor in a piece of equipment. Accommodation maker Name used to refer to a co-maker who agrees to sign a note to induce the lender to make a loan, but who receives no direct benefit from the loan. Account analysis An analysis performed to determine the profitability of each demand account to the bank. The analysis may also be used to determine the profitability of a group of demand accounts with the same owner. Account analysis is normally performed by the bank, but can be done by anyone in the depositor's organization provided sufficient information is available.

The analysis identifies the net earnings based on the average daily ledger balance less reserved requirements and float. The net earnings can then be compared with the various activity service charges based on the volume of transactions and the per item price of the services. Account control agreement An agreement perfecting a creditor's interest in a securities account while allowing the securities to remain registered in the name of the owner.

An account control agreement is used to establish a security interest conforming to the requirements set forth in the UCC. Account debtor An individual or business that is obligated to pay on an account, chattel paper, contract right, or general intangible.