I'm working on a computer system that tracks Loans and Deposits this company makes. They are very similar things in that they have maturity dates, interest rates etc, they're just opposites - money in for interest paid (Loan) or money out for interest earned (Deposit).
I was wondering if there is a single financial term for the 'coin' that these two things appears to be opposite sides of?
thanks
Contracts?
In message , Bill Wilson writes
Account.
Thanks Jon and John.
In this company a "Contract" has another more legal-specific meaning.
I think "Account" is a little generic as they also have transaction or working accounts with daily deposits / withdrawals. The Loan and Term Deposits may need an additional adjective .. Term Account, Contract Account maybe.
There may well not be a specific term but suggestions still welcome.
Thanks
Bill Wilson
In message , Bill Wilson writes
I think the point is that whatever word(s) we come up with, we will be inventing it!
Balance
john boyle wrote
"Spurglenoot" it is then!
I can hear it now....
"And in today's financial news, Rupert Murdoch's News Limited dropped
15 points on news their spurglenoot department reported problems with foreign exchange spurglenoots and futures exchange..."Have something to add? Share your thoughts — no account required.
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