Consumables Definition.

A consumable is a product that is used up or destroyed in the course of use. The term is most commonly used in reference to products that are consumed in the course of normal operation, such as printer ink or toner cartridges. In business, consumables are often defined as expendable items that are not covered … Read more

Fixed Income Clearing Corporation (FICC).

The Fixed Income Clearing Corporation (FICC) is a clearing house that provides clearing and settlement services for the majority of fixed income securities traded in the United States. FICC is a unit of the Depository Trust & Clearing Corporation (DTCC). FICC was created in 2003 as a result of the merger of the Government Securities … Read more

What is a creditor?

A creditor is that person or who receives money that has been owed as a result of the concession of a good or service. It is thus understood that the concept of creditor refers to that natural or legal person who must respond to the demand for obligations. For its part, the bankruptcy is a … Read more