"Lehman brothers and the securitization of american express charge card receivables" Essays and Research Papers

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    Pickett's Charge

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    Battle of Gettysburg at the end of the three days. Pickett’s Charge was the highest point of the Battle of Gettysburg. The charge took place on the third day of the battle. Robert E. Lee ordered Pickett’s Charge. It involved an infantry assault of approximately 15‚000 Confederate soldiers against Union Major George Meade’s troops (History Net). This was along Cemetery Ridge‚ manned by 6‚500 Federals (History Net). The whole point of this charge was to fire cannon the entire time. The ill-fated assault

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    Goals of Receivable Management The basic goal of credit management is to maximize the value of the firm by achieving a trade off between the liquidity (risk and profitability). The purpose of credit management is not to maximize sales‚ nor to minimize the risk of bad debt. If the objective were to maximize sales‚ then the firm would sell on credit to all. On the contrary‚ if minimization of bad debt risk were the aim‚ then the firm would not sell on credit to anyone. In fact‚ the firm should manage

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    GLOBAL FINANCIAL CRISES AND THE FUTURE OF SECURITIZATION Contents 1. Introduction……………………………………………………………………...3 2. Overview………………………………………………………………………...3 3. Structured-finance securitization ………………………………………………..5 4. Key segments of the securitization market………………………………………6 5. Rating Agencies Deficiencies....................………………………………………8 6. Future of Structured-finance securitization……………………………..……...10 7. Conclusion................................................…………………………………...…11

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    customers. A firm grants trade credit to protect its sales from the competitors and to attract the potential customers to buy its products at favourable terms. Trade credit creates accounts receivable or trade debtors that the firm is expected to collect in the near future. The customers from whom receivable or book debt have to be collected in the future are called trade debtors or simply as debtors and represent the firms claim or asset. A credit sale has three characteristics: First‚ it involves

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    Charge Nurse

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    Charge nurse page 1. Running head: Charge nurse competencies A qualitative study of charge nurse competences Charge nurse p 2. A qualitative study of charge nurse competencies This is a research critique of a qualitative study concerning the charge nurse role in medical-surgical and intensive care units. The purpose of this article is

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    Receivables Turnover Ratio interpretation Receivables Turnover Ratio is one of the efficiency ratios and measures the number of times receivables are collected‚ on average‚ during the fiscal year. Receivables Turnover Ratio formula is: Receivables Turnover Ratio formula Receivables turnover ratio measures company’s efficiency in collecting its sales on credit and collection policies. This ratio takes in consideration ONLY the credit sales. If the cash sales are included‚ the ratio will be

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    Credit Card

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    | Credit Cards | A credit card is the only form of payment card that offers a revolving line of credit in addition to its function as a means of electronic payment.  In contrast‚ charge cards as offered by American Express must be paid off monthly. How does a credit card work in practice?  Suppose you buy a TV and present a Visa card‚ bearing the logo of the issuer‚ say Citibank‚ in payment.  You swipe your card through a card reader‚ which reads the data on the magnetic stripe and adds information

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    Total Accounts Receivable

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    improve some of the internal controls over its revenue cycle procedures. Existence or Occurrence From Bradmark’s data files on sales invoices‚ cash receipts and list of customers‚ the ACL software was used to compute and determine the Accounts Receivable balances of customers in the books. January 20‚ 2005 United City 920 4 th Street Bridgewater‚ New Jersey 8807 Dear Sir/Madam‚ In connection with an examination of our financial statements by Ross & Specter Co.‚ Certified Public Accountants

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    Registration of Charges

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    “Registration of Charges” What is meant by a charge? The word ‘charge’ is to used to mean any form of security for debt‚ unless the word is used otherwise. A company having power to borrow money is empowered also to charge its assets‚ subject however to any limitations in its Memorandum or Articles. Under Companies Act‚1956(S.124)‚ the expression ‘charge’ includes ‘Mortgage’. What is meant by a fixed and a floating charge? A ‘fixed charge’ is also called a ‘specific charge’. It extends over

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    Charge Nurse

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    Charge Nurses - Are they adequately trained? Melissa Bogle Nursing Research 4003 November 15‚ 2012 Abstract Charge Nurses have a very difficult and demanding job. This is true for anyone‚ especially for a new graduate. It’s scary enough just to be a new nurse but assuming a charge nurse position is terrifying. Do you have the skills or knowledge it takes to be in charge? The charge nurse role is not often discussed while in nursing school. Leadership qualities are the key to making a great

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