Non-dilutable refers to a financial instrument or equity provision that prevents an investor’s percentage ownership from decreasing when new shares are issued. This protection, often embedded in preferred stock or convertible notes through anti-dilution clauses, ensures early investors maintain their proportional stake. Understanding non-dilutable terms is essential for negotiating venture capital and equity financing agreements.
Incorrect merchant info refers to mismatched or erroneous data about a merchant entered during a card‑present or online transaction. Such discrepancies can cause declines, alerts, or chargebacks, and they often stem from typographical errors, outdated records, or mismatched merchant category codes.
In accounting and banking, “posted to suspense” indicates a transaction temporarily held in a suspense account due to unidentified details or discrepancies. This temporary holding place allows bookkeepers to balance books while investigating the proper classification. Once clarified, funds are moved to the correct permanent account.
Uncollected funds refer to money deposited into a bank account that is not yet available for withdrawal because the bank is still processing the deposit. This status typically arises with certain types of deposits such as checks, where there is a hold period before the funds become accessible.
Code 766 on an IRS transcript indicates that the Internal Revenue Service has not received a filed tax return for the reported year. The code signals a missing return, not a penalty, and prompts taxpayers to file or locate the return.
The mortgage acquisition date generally refers to the specific date a lender or servicer obtains ownership or servicing rights to a loan. For borrowers, this term is often confused with the closing date, though it technically pertains to institutional transfers. Understanding this date is crucial for tax reporting, servicing transitions, and regulatory compliance within the housing finance sector.
In North Carolina, a Nomap Bond is a financial guarantee required by local governments when a developer wishes to begin construction before a subdivision plat is officially recorded. It ensures that required public improvements (roads, utilities, drainage) will be completed even if the plat is never finalized.
FR cancellation typically refers to the process of canceling a financial request or transaction, often in banking or telecommunications contexts. It involves nullifying a previously initiated action to prevent its completion or reverse it. The specific meaning varies depending on the industry and application.
In accounting, a reclass (reclassification) is the process of moving an amount from one ledger account to another to correct its classification. It ensures that financial statements reflect accurate information and comply with reporting standards.
Tertiary insurance refers to the third layer of coverage in an insurance risk management strategy, providing supplemental protection beyond primary and secondary policies. It acts as a safety net for high-risk exposures or gaps in initial insurance plans, often used in complex risk structures like corporate insurance programs or personal asset protection strategies.