Examlex
As compared to a default on the notional principle,a default on a swap
Crediting
The process of making an entry on the right side of an account in double-entry bookkeeping, indicating an increase in liabilities, equity, or revenue, or a decrease in an asset or expense.
Salaries Payable
A liability account representing amounts owed to employees for work performed and not yet paid.
Debit Postings
Entries made on the left side of an account, indicating an increase in assets or expenses or a decrease in liabilities, equity, or revenue.
Credit Postings
Entries made in the accounts to record increases in liabilities, revenues, or owner's equity and decreases in assets or expenses.
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