Glossary of Financial Terms
Generally Accepted Accounting Principles
The standards of financial accounting established and followed by the accounting profession.
A specified number of days determined by individual clients which allows their customers extra days after maturity of
a term account to affect the account before it renews.
A specified number of days determined by individual clients which allows their customers additional days to make a
loan payment. After the number of days has expired, the loan is considered delinquent and a late fee may be assessed.
An interest rate where a specified guaranteed return is given to investors who purchase loans.
An individual, or other party named by a court to manage the person and/or property of a minor or incompetent.
Didnít find the answer you were looking for? Speak with one of our knowledgeable & helpful representatives at