Finance
netting
paying only the difference
Source board
This definition comes from the board below. Open it to see the term in context.
The PipesFinanceAlso defined on The Netting Window.
More terms from this board
- acquirerthe shop's bank
- authorisationthe issuer agrees to pay later, and holds the amount
- clearingworking out who owes whom
- double-entryevery movement written twice, out of one account and into another
- issuerthe cardholder's bank
- ledgerthe book of entries
- networkthe rails between them
- reconciliationchecking your book against theirs
- settlementthe money actually moves