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A netting engine consolidates all of the pending payments into fewer single transactions. For example, if Bank of America is to pay American Express $1.2 million, and American Express is to pay Bank of America $800,000, the CHIPS system aggregates this to a single payment of $400,000 from Bank of America to American Express. The Fedwire system ...
Economic impact payment (disambiguation), a name for several different tax rebates, tax credits, or tax deductions from the U.S. government; EIP register, in the IA-32 architecture; Eipo language; Electoral Integrity Project; Enterprise information portal; Enterprise Integration Patterns, a book by Gregor Hohpe and Bobby Woolf
Transfer payments to (persons) as a percent of federal revenue in the United States Transfer payments to (persons + business) in the United States. In macroeconomics and finance, a transfer payment (also called a government transfer or simply fiscal transfer) is a redistribution of income and wealth by means of the government making a payment, without goods or services being received in return ...
Government final consumption expenditure (GFCE) is an aggregate transaction amount on a country's national income accounts representing government expenditure on goods and services that are used for the direct satisfaction of individual needs (individual consumption) or collective needs of members of the community (collective consumption).
The objectives for which government entities apply accountancy that can be organized in two main categories: - The accounting of activities for accountability purposes. In other words, the representatives of the public, and officials appointed by them, must be accountable to the public for powers and tasks delegated.
In government finance, a warrant is a written order to pay that instructs a federal, state, or county government treasurer to pay the warrant holder on demand or after a specific date. Such warrants look like checks and clear through the banking system like checks, but are not drawn against cleared funds in a checking account (demand deposit ...
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The First Pay Commission had a secretary but no member secretary. Since the First Pay Commission, all subsequent pay commissions have had a member secretary, typically selected from the Indian Administrative Service. [9] The final report of the Fifth Pay Commission was submitted for consideration before the Government of India in April 1997.