Time Deposit (aka Term Deposit) Definition and How Does It Work?

A time deposit, also known as a term deposit, is a type of bank deposit that has a specific maturity date. The money deposited cannot be withdrawn for the term of the deposit, typically ranging from one month to five years. Time deposits typically offer higher interest rates than regular savings accounts, but they are … Read more

What is cost accounting?

What are the different types of cost accounting? What are some examples of cost accounting? What is Cost Accounting? – Definition, Types and Examples What is basic costing? Basic costing is a costing method that includes all the costs associated with producing a product, including direct material costs, direct labor costs, and manufacturing overhead costs. … Read more

Thrusting Pattern.

A thrusting pattern is a technical analysis term used to describe a candlestick chart formation in which the prices move sharply higher or lower over a short period of time, followed by a period of consolidation. The thrusting pattern is considered to be a bullish signal if the prices move sharply higher, and a bearish … Read more

Written-Down Value.

The Written-Down Value (WDV) is the value of an asset after accounting for depreciation. The WDV is the original cost of the asset, minus any accumulated depreciation. The WDV is used in financial accounting to value assets for balance sheet purposes. The WDV is the value at which an asset is carried on the balance … Read more