Allowance For Credit Losses Definition.

The “Allowance for Credit Losses Definition” refers to the specific amount of money that a company sets aside in order to cover any potential losses that may occur from customers who are unable to pay their debts. This allowance is typically a percentage of the total receivables that a company has on its books. Is … Read more

What Is a Dual Banking System?

A dual banking system is a banking system in which both commercial banks and central banks exist. Central banks are responsible for monetary policy, while commercial banks are responsible for lending money to businesses and individuals. The two types of banks work together to ensure that the financial system is stable and that money is … Read more