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The debt service coverage ratio ( DSCR ), also known as "debt coverage ratio" (DCR), is a financial metric used to assess an entity's ability to generate enough cash to cover its debt service obligations, such as interest, principal, and lease payments. The DSCR is calculated by dividing the operating income by the total amount of debt service due.
The Bank of America Corporation (often abbreviated BofA or BoA) is an American multinational investment bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina, with investment banking and auxiliary headquarters in Manhattan. The bank was founded by the merger of NationsBank ...
Statement credits (5%): A handful of cash back cards also offer monthly, ... For example, a card might offer 1% cash back on all purchases. If you spend $100, you'd earn $1 back in rewards ...
Double-entry bookkeeping, also known as double-entry accounting, is a method of bookkeeping that relies on a two-sided accounting entry to maintain financial information. Every entry to an account requires a corresponding and opposite entry to a different account. The double-entry system has two equal and corresponding sides, known as debit and ...
Motley Fool Transcribing, The Motley Fool. July 16, 2024 at 4:00 PM. Logo of jester cap with thought bubble. Image source: The Motley Fool. Bank of America (NYSE: BAC) Q2 2024 Earnings Call. Jul ...
Standout examples include the Bank of America® Customized Cash Rewards credit card that earns you 3 percent cash back in the category of your choice — one of which is online shopping. While the ...
A customer's periodic bank statement generally shows transactions from the bank's perspective, with cash deposits characterized as credits (liabilities) and withdrawals as debits (reductions in liabilities) in depositor's accounts. In the company's books the exact opposite entries should be recorded to account for the same cash.
Financial regulation. Reserve requirements are central bank regulations that set the minimum amount that a commercial bank must hold in liquid assets. This minimum amount, commonly referred to as the commercial bank's reserve, is generally determined by the central bank on the basis of a specified proportion of deposit liabilities of the bank ...