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Thursday, August 4, 2011

Finace Glossary

t/t (telegraphic transfer): International banking payment method: a telegraphic transfer payment, commonly used/required for import/export trade, between a bank and an overseas party enabling transfer of local or foreign currency by telegraph, cable or telex. Also called a cable transfer. The terminology dates from times when such communications were literally 'wired' - before wireless communications technology.

Ad Rotation: Describes the rotation of advertisements on a web page - each time a user clicks on a different page or returns to a page they've viewed previously in the same session, a different advert appears on the screen.

Nerve Centre: A place from which an organization or activity is controlled or managed

Addendum: An added section of information in a letter or report.