Debit Card Definition, Fees, and How They Work.

What is a Debit Card? A debit card is a card that allows you to spend money that you have already deposited in a bank account. When you use a debit card, the money is transferred immediately from your account to the merchant’s account. Debit cards are convenient because they can be used like credit … Read more

What is contingency?

The concept of contingency refers to uncertain situations that may or may not occur in the future. In accounting we speak of contingencies to refer to business situations that have a certain degree of uncertainty. Contingencies in accounting matters are used to indicate both the rights and the obligations future of companies. And, although it … Read more