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The term clawback or claw back refers to any money or benefits that have been given out, but are required to be returned (clawed back) due to special circumstances or events, such as the monies having been received as the result of a financial crime, or where there is a clawback provision in the executive compensation contract.
The "cash-for-questions affair" was a political scandal of the 1990s in the United Kingdom.. It began in October 1994 when The Guardian newspaper alleged that London's most successful parliamentary lobbyist, [1] Ian Greer of Ian Greer Associates, had bribed two Conservative Members of Parliament to ask parliamentary questions and perform other tasks on behalf of the Egyptian owner of Harrods ...
The following is a list of services generally offered by banks and utilized by larger businesses and corporations: [5] Account reconciliation Bank reconciliation can be difficult for a very large business: since it issues so many checks, it can take a lot of human effort to work out which checks have not cleared and therefore what the company's true balance is.
The Public Sector Net Cash Requirement (PSNCR), formerly known as the Public Sector Borrowing Requirement (PSBR), is the official term for the Government budget deficit in the United Kingdom, that is to say the rate at which the British Government must borrow money in order to maintain its financial commitments.
A chargeback is a return of money to a payer of a transaction, especially a credit card transaction. Most commonly the payer is a consumer.The chargeback reverses a money transfer from the consumer's bank account, line of credit, or credit card.
The UK Permanent Committee on Geographical Names recognises "United Kingdom", "UK" and "U.K." as shortened and abbreviated geopolitical terms for the United Kingdom of Great Britain and Northern Ireland in its toponymic guidelines; it does not list "Britain" but notes that "it is only the one specific nominal term 'Great Britain' which ...
Fiat money generally does not have intrinsic value and does not have use value. It has value only because the individuals who use it as a unit of account – or, in the case of currency, a medium of exchange – agree on its value. [1] They trust that it will be accepted by merchants and other people as a means of payment for liabilities.
Rah or yah is a pejorative term referring to a stereotypical affluent young upper class or upper-middle class person in the United Kingdom. [1] The term "rah" originated as a contraction of "Hoorah Henry" (sometimes "Hoorah Henries and Henriettas"), a pejorative description of a social stereotype similar to the Sloane Ranger stereotype also recognised in the UK, though a rah is generally ...