Examlex
A hedge using a put option contract completely offsets gains but only but only partially offsets losses on an FIs balance sheet.
General Journal
The general journal is a comprehensive record of financial transactions, arranged in chronological order, used in an entity's double-entry bookkeeping system.
Transaction Date
The date on which a trade or a financial transaction is completed or settled.
Debit
An accounting entry that increases asset or expense accounts, or decreases liability, equity, or revenue accounts.
Credit
Credit in finance represents a contractual agreement in which a borrower receives something of value now and agrees to repay the lender at a later date, often with interest.
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