Controlled disbursement
A service that provides for a single presentation of checks each day (typically in the early part of the day). |
Similar financial terms
Risk controlled arbitrageA self-funding, self-hedged series of transactions that generally utilize mortgage securities as the primary assets.
Controlled Foreign Corporation (CFC)
An offshore company which, because of ownership or voting control of U.S. persons, is treated by the IRS as a U.S. tax reporting entity. IRC 951 and 957 collectively define the CFC as one in which a U.S. person owns 10 percent or more of a foreign corporation or in which 50 percent or more of the total voting stock is owned by U.S. shareholders collectively or 10 percent or more of the voting control is owned by U.S. persons.
Remote disbursement
Technique that involves writing checks drawn on banks in remote locations so as to increase disbursement float.
