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Memo-posting is a banking practice used in traditional batch processing systems where temporary credit or debit entries are made to an account before the final balance update occurs during end-of-day (EOD) processing. The temporary entry created during memo-posting is reversed once the actual transaction is posted during batch processing.
It is an alternative to the older Memo Posting style. There are several characteristics that distinguish a real-time posting system: Transactions appear to customers and staff as soon as the item is posted and does not need to be re-processed at night to create the hard post. [1]
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Memo written by a White House staff member during the tenure of Jimmy Carter as US president. A memorandum (pl.: memorandums [1] [2] [3] or memoranda; from the Latin memorandum, "(that) which is to be remembered"), also known as a briefing note, is a written message that is typically used in a professional setting.
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Memo is short for memorandum, a document or other communication. Memo or The Memo may also refer to: ... "The Memo", by The Hard Lessons from Arms Forest, 2009; MEMO
There was another memo in the FDA file about the new label application for treating children with autism that put in perspective the limits of the drug and the grudging risk-benefit analysis the agency was making. Its message, albeit in FDA-speak, was that Risperdal didn’t actually treat autism or any other illness.
A credit memo, a contraction of the term "credit memorandum", is evidence of a reduction in the amount a buyer owes a seller under an earlier invoice. It can also be a document from a bank to a depositor to indicate the depositor's balance is being in the event other than a deposit, such as the collection by the bank of the depositor's note ...