Zonnya The term “Bid Wanted In Competition (BWIC)” is used when an institution wants to sell a large block of bonds and solicits bids from a number of dealers. The institution will usually specify the minimum amount they are willing to accept for the bonds, and the dealers will then submit their bids. The institution will … Read more
A personal identification number (PIN) is a numerical code used to authenticate a user of a system. PINs may be used with banking systems to authenticate the identity of the cardholder at an ATM or point of sale, or to authorize electronic transactions. What is an example of a personal identification number? A personal identification … Read more
A payee is the person or organization to whom a payment is made. The payee is typically the recipient of goods or services. What is Payee Verification? Payee verification is the process of verifying that the recipient of a payment is the intended recipient, and that the payment amount is correct. This can be done … Read more
In a reverse takeover (RTO), a private company acquires a public company in order to become public without going through an initial public offering (IPO). The process is often quicker and less expensive than an IPO, and it can be used by companies that would not be able to go public through an IPO due … Read more
