Sentences with phrase «operating accounts with»

To manage the risk associated with the loan, the bank requires that your business have an operating account with the bank as a condition for obtaining the loan.

Not exact matches

Operating an LLC with a personal bank account all but defeats its purpose, according to Horwitz.
Operating profit, which rose 1 % in 2016, was down 16 % from January to September, reflecting losses from storms such as Hurricanes Harvey, Irma and Maria, and the accounting for a transaction with American International Group (aig).
Elk Hills is CRC's lowest cost operating area and with a 100 % ownership interest would have accounted for approximately 43 % of its 2017 pro-forma production.
In addition to the results provided in accordance with US Generally Accepted Accounting Principles («GAAP») in this press release, the Company provides measures adjusted for Special Items, which include Adjusted Operating Profit, Adjusted Diluted Earnings Per Common Share, Adjusted Effective Tax Rate and Adjusted EBITDA, which we define as net income including noncontrolling interests adjusted for income tax, interest income, depreciation, amortization and other items, including store impairment charges.
Companies focused on building and operating launch vehicles dominated first quarter investments, accounting for more than 72 percent with about $ 700 million, due to SpaceX's heavy fundraising.
Newer clients without a trading history now operate on a pre-pay system, with the remainder on account, roughly a 50 - 50 split.
At the hearings, Kim Wong, president of Eastern Hawaii Leisure, which operates a number of VIP rooms in Manila - area casinos, including the Solaire, testified that he'd set up the RCBC accounts along with Ding's business partner, Gao, and the Jupiter branch manager at the time, Maia Deguito.
The National Association of Real Estate Investment Trusts («NAREIT») defines funds from operations («NAREIT FFO») as net income / (loss) attributable to common shareholders computed in accordance with generally accepted accounting principles in the United States («GAAP»), excluding gains or losses from sales of operating real estate assets and change in control of interests, plus (i) depreciation and amortization of operating properties and (ii) impairment of depreciable real estate and in substance real estate equity investments and (iii) after adjustments for unconsolidated partnerships and joint ventures calculated to reflect NAREIT FFO on the same basis.
Bristol had been operating under the supervision of a federal monitor — an arrangement that had been negotiated a year earlier with Chris Christie (then a U.S. Attorney for New Jersey) after the government had accused the company of accounting improprieties.
Adjusted Net Income is defined as net income excluding (i) franchise agreement amortization, which is a non-cash expense arising as a result of acquisition accounting that may hinder the comparability of our operating results to our industry peers, (ii) amortization of deferred financing costs and debt issuance discount, a non-cash component of interest expense, and (gains) losses on early extinguishment of debt, which are non-cash charges that vary by the timing, terms and size of debt financing transactions, (iii)(income) loss from equity method investments, net of cash distributions received from equity method investments, (iv) other operating expenses (income), net, and (v) other specifically identified costs associated with non-recurring projects.
The 2018 Outlook reflects the effects of adopting this new accounting standard for 2018, with an expected net decrease in 2018 revenue of approximately $ 5 million and an increase in 2018 operating expense of approximately $ 1.0 million.
These risks and uncertainties include competition and other economic conditions including fragmentation of the media landscape and competition from other media alternatives; changes in advertising demand, circulation levels and audience shares; the Company's ability to develop and grow its online businesses; the Company's reliance on revenue from printing and distributing third - party publications; changes in newsprint prices; macroeconomic trends and conditions; the Company's ability to adapt to technological changes; the Company's ability to realize benefits or synergies from acquisitions or divestitures or to operate its businesses effectively following acquisitions or divestitures; the Company's success in implementing expense mitigation efforts; the Company's reliance on third - party vendors for various services; adverse results from litigation, governmental investigations or tax - related proceedings or audits; the Company's ability to attract and retain employees; the Company's ability to satisfy pension and other postretirement employee benefit obligations; changes in accounting standards; the effect of labor strikes, lockouts and labor negotiations; regulatory and judicial rulings; the Company's indebtedness and ability to comply with debt covenants applicable to its debt facilities; the Company's ability to satisfy future capital and liquidity requirements; the Company's ability to access the credit and capital markets at the times and in the amounts needed and on acceptable terms; and other events beyond the Company's control that may result in unexpected adverse operating results.
The CIBC offers an Unlimited Business Operating Account which, as the name suggests, gives you unlimited transactions with a cash, coin and cheque deposit package for a $ 50.00 monthly fee.
It's the monthly charge for Scotiabank's Right Size Account for business (with transaction fees of $ 1.20 through $ 0.85 each depending on how many transactions you make each month), BMO's Business Start bank account which allows you seven free transactions a month and CIBC's Basic Business Operating Account which does not allow you any free transactions each month and charges $ 1.25 for each full - service transaction you make and $ 1.00 for each self - service transAccount for business (with transaction fees of $ 1.20 through $ 0.85 each depending on how many transactions you make each month), BMO's Business Start bank account which allows you seven free transactions a month and CIBC's Basic Business Operating Account which does not allow you any free transactions each month and charges $ 1.25 for each full - service transaction you make and $ 1.00 for each self - service transaccount which allows you seven free transactions a month and CIBC's Basic Business Operating Account which does not allow you any free transactions each month and charges $ 1.25 for each full - service transaction you make and $ 1.00 for each self - service transAccount which does not allow you any free transactions each month and charges $ 1.25 for each full - service transaction you make and $ 1.00 for each self - service transaction.
«It's arduous, and it's really not necessary, because as long as the platforms are okay with anonymity, and we assume that most people are operating in good faith, their basic checks are catching a fair amount of accounts,» DiResta, from the Data for Democracy nonprofit, told me.
These adjustments essentially convert all operating leases into on - balance sheet debt to make the financials of companies with differing accounting methods comparable.
Standard donor - advised fund accounts are invested in investment pools whose operating expenses vary with the underlying mutual funds.
This profile reflects in part the operations of the employment insurance (EI) program, with premium rates increasing to 2016 and falling thereafter, as the deficit in the EI Operating Account is «paid off».
Orders given and trades effected are deemed intended to be given or effected for the account of the customer with the Saxo Bank Group entity operating in the jurisdiction in which the customer resides and / or with whom the customer opened and maintains his / her trading account.
While Wells has received some heavy wrist - slapping for getting caught with its pants down, its seems based on the bloated compensation awarded to the CEO and the fact that, based on the true accounting below, Wells doesn't seem to mind continuing to operate with its pants and underwear draped like a pedophile around its ankles.
However, there is an issue with the new rate - setting proposal that will need to be addressed once the EI Operating Account is in balance.
Small LOCs (under $ 100,000) can operate like a credit card account, with advances made by using a credit card tied to the line of credit or by writing checks issued for the account.
Given the absence of a public trading market of our common stock, and in accordance with the American Institute of Certified Public Accountants Accounting and Valuation Guide, Valuation of Privately - Held Company Equity Securities Issued as Compensation, our board of directors exercised reasonable judgment and considered numerous and subjective factors to determine the best estimate of fair value of our common stock, including independent third - party valuations of our common stock; the prices at which we sold shares of our convertible preferred stock to outside investors in arms - length transactions; the rights, preferences, and privileges of our convertible preferred stock relative to those of our common stock; our operating results, financial position, and capital resources; current business conditions and projections; the lack of marketability of our common stock; the hiring of key personnel and the experience of our management; the introduction of new products; our stage of development and material risks related to our business; the fact that the option grants involve illiquid securities in a private company; the likelihood of achieving a liquidity event, such as an initial public offering or a sale of our company given the prevailing market conditions and the nature and history of our business; industry trends and competitive environment; trends in consumer spending, including consumer confidence; and overall economic indicators, including gross domestic product, employment, inflation and interest rates, and the general economic outlook.
Selected FY 2017 Results of Operations This news release references operating revenue before the change in accounting estimate and operating revenue before the temporary exigent surcharge, which are not calculated and presented in accordance with accounting principles generally accepted in the United States (GAAP).
Also in connection with the Stock Sale, effective as of June 7, 2017, (i) Deborah Thomas resigned as Chief Executive Officer, principal accounting officer and director of Croe and Elliott Polatoff resigned as Secretary and director of Croe; and (ii) Michael Poutre was appointed Chief Executive Officer and sole director, James Gilbert was appointed President and Ron Levy was appointed Chief Operating Officer.
Any failure to develop or maintain effective controls, or any difficulties encountered in their implementation or improvement, could harm our operating results, cause us to fail to meet our reporting obligations, result in a restatement of our financial statements for prior periods or adversely affect the results of management evaluations and independent registered public accounting firm audits of our internal control over financial reporting that we will eventually be required to include in our periodic reports that will be filed with the SEC.
Name: Chris Fowler, MA Title: President and Chief Executive Officer Areas of responsibility: Executive management, strategy Years with CWB Financial Group: 27 Career history: Has served at CWB in roles with increasing responsibility since 1991, including, commercial account management (1991 - 1995), credit risk (1995 - 2008), and joined the executive team in 2008 as Executive Vice President, Banking, and then President and Chief Operating Officer Education: Master of Arts Degree in Economics from the University of British Columbia Community involvement: Trustee for the University Hospital Foundation (University of Alberta), Member of the Canadian Bankers Association's Executive Council, director with the Art Gallery of Alberta's board of directors, and campaign cabinet member with the United Way of Alberta Capital Region
Our user accounts are secured with encryption that exceeds industry standards, and our servers employ the use of custom operating systems and software.
The registration process takes no more than 10 minutes and as is common with any other trading platform, you must be over 18 years to legally operate a binary options trading account.
Their reputation spans global traders form all over the world operating trading accounts with this broker.
The management fee is a unified fee that includes all of the operating costs and expenses of the Fund (other than taxes, charges of governmental agencies, interest, brokerage commissions incurred in connection with portfolio transactions, distribution and / or service fees payable under a plan pursuant to Rule 12b - 1 under the Investment Company Act of 1940 and extraordinary expenses), including accounting expenses, administrator, transfer agent and custodian fees, Fund legal fees and other expenses.
It is possible, however, that some specific aspects of the Federal Reserve's operating framework will change; the Committee will be considering this question in the future, taking into account what it learned from its experience with an expanded balance sheet and new tools for managing interest rates.
If you're comfortable with opening a CD account at a bank that operates no physical branches and only accepts electronic transfers, consider starting your search for a certificate of deposit online.
Garff operates always with suspicion, never quite trusting Kierkegaard's account of things» either in his published work or in the many volumes of journals he left for posterity.
The religious act of belief offers a total structure of meaning; it is holistic, for within it everything occupies its proper place and is duly accounted for; it is the horizon of meaning within which rational or reflective thought operates; it provides us a reason to live and a reason to die; hence, the religious belief is a revealing structure.30 Or again, as Joachim Wach noted, religious belief serves as undergirding for the rational world of experience, conditioning it, endowing it with consistency.
Gravity from space (Einstein's relativity) operates on mass through space and matter interaction is a natural process like centrifugal force which made its appearance when a body is morning in circle Jean mass is the amount of matter that must be present before gravity becomes effective or felt, once this minimum amount of matter is reached or exceeded, gravity with mass interact with space - time to bring geodesics and gravity begin to control other bodies and then orbit around each other, another aspect of the twin effect of gravity and mass is the necessity to account for energy required to sustain gravitating mass and where does this energy originating from Einstein's field equation says from space but never refer to the origin of gravitation.
But the fact of the matter is that neo-Darwinism with its role for chance variation better accounts for how evolution operates for the most part.
It operated a factory that was shut down in July on account of mixing expired meat with fresh products.
With energy often accounting for over 15 % of operational expenditure, a robust energy management strategy can be one of the most effective ways to reduce operating costs and increase profits, while optimising efficiencies, processes and resources.
The report said the first lady of Ekiti allegedly received N100m, an amount which emanated from the Office of the National Security Adviser, ONSA, through an account which she jointly operates with her husband.
«Absent a universal licensing or registration requirement, no agency has a complete accounting of all the adult day service programs that are operating in the state,» DiNapoli said of programs that provide meals and social activities to seniors who typically are dealing with mobility issues.
The launch of mobile money payment interoperability system is expected to largely eliminate the difficulties associated with traditional banking services, such as the difficulty in opening bank accounts, the high costs associated with maintaining a bank account relative to customers» income levels, the need to have basic literacy, administration and record keeping abilities and English - language capacity to operate a bank account, and the sheer intimidating nature of banking halls.
Nobel laureate, Wole Soyinka, has pleaded with Nigerians to help squash «identity thieves» who impersonate him online and operate social media accounts in his name.
It was substantially edited from its original version, which called for the state committee to withhold support from IDC senators and denounced an arrangement the IDC has with the «notoriously corrupt» Independence Party that allowed the IDC to operate a soft money account.
«We were further informed that the Umbrella Trust Account is being operated with the Diamond Bank Plc..
Additionally, we are concerned about the transfer of funds from trust accounts to the operating budget and maintain that the County Attorney should have reviewed any potential legal issues with these transfers prior to approval.
Cuomo's budget division says it will cover most of the $ 3.5 billion deficit with unspecified cuts (and some accounting gimmicks, no doubt, like re-classifying certain spending programs) that hold operating spending growth to 2 percent.
DiNapoli's report found three agencies — those that operate large institutional facilities — saw steep increases in 2012, accounting for 67.3 percent of overtime hours statewide: the Office for People with Developmental Disabilities (OPWDD), the Office of Mental Health (OMH) and the Department of Corrections and Community Supervision (DOCCS).
The funds which were allegedly released to the accused persons between October, 2014 and March 19, 2015 were allegedly transferred from an account the office of the NSA operated with the Central Bank of Nigeria, CBN, to a First Bank of Nigeria Plc account owned by DAAR Investment and Holding Company Limited.
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