bank confirmation

Fin
verification of a company’s balances requested by an auditor from a bank

The ultimate business dictionary. 2015.

Look at other dictionaries:

  • bank confirmation — A request made by an auditor to a bank to confirm details of an audit client s bank accounts, together with any other assets held by the bank, and any other financial information …   Accounting dictionary

  • Bank Confirmation Letter - BCL — A letter confirming that a line of credit has been secured from a financial institution or bank. The bank confirms that a person is eligible for a specified amount of borrowed funds to be used for a predetermined purpose. A bank confirmation… …   Investment dictionary

  • confirmation — A technique used by an auditor to obtain third party evidence in support of information supplied by a client. For example, confirmation may be sought from a bank of balances held by a client (see bank confirmation). See also: circularization of… …   Accounting dictionary

  • confirmation — con·fir·ma·tion /ˌkän fər mā shən/ n 1: the act or process of confirming, assuring, or upholding seeking confirmation of the agreement; specif: the ratification of an executive act by a legislative body senate confirmation of the Supreme Court… …   Law dictionary

  • Confirmation — The written statement that follows any trade in the securities markets. Confirmation is issued immediately after a trade is executed. It spells out settlement date, terms, commission, etc. The New York Times Financial Glossary * * * confirm… …   Financial and business terms

  • confirmation — The document used to state in writing the terms of a trade that were previously agreed to orally by the buyer and the seller. American Banker Glossary The written statement that follows any trade in the securities markets. Confirmation is issued… …   Financial and business terms

  • confirmation letter — A written response to an auditor’s request to confirm the existence or value of an item. Examples of commonly requested confirmation letters include the *circularization by external auditors of an organization’s customers to confirm *accounts… …   Auditor's dictionary

  • confirmation — /ˌkɒnfə meɪʃ(ə)n/ noun 1. the act of making certain ♦ confirmation of a booking the act of checking that a booking is certain 2. a document which confirms something ● She received confirmation from the bank that the deeds had been deposited …   Marketing dictionary in english

  • ACLEDA Bank — Infobox Company company name = ACLEDA Bank Plc company vector company type = Private genre = foundation = Cambodia (1993) founder = location city = location country = location = Phnom Penh, Cambodia origins = key people = area served = Nationwide …   Wikipedia

  • balance confirmation — bank account balance verification …   English contemporary dictionary

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