banking

Capitalization has different meanings, referring to the allocation of costs in tax and accounting contexts and to capital structures in the corporate context.

As opposed to an ordinary (or operating expense), which covers the day-to-day costs necessary to keep a business running, a capitalized expenditure is an expense that is made to 1) acquire an asset (whether tangible or intangible) that has a useful life longer than a year or 2) improve the useful life of an existing

Capitalized interest refers to accrued interest on an asset or loan that is not immediately reported on the company’s income statement as an expense like other interests.

Capitalized value is the current worth of an asset, usually real estate, based on a calculation of expected income from the asset over the course of its economic lifespan. Capitalized value is a useful tool for investors to decide whether an asset is a good investment.

A cash flow statement is a business' financial statement that measures how much cash is entering and leaving the entity throughout a specific accounting period. 

A cashier’s check is a bill of exchange, drawn by a bank upon itself (the bank is the debtor), payable to another person, showing the payee’s authorization to receive the amount represented on the check from the bank.

[Last reviewed in June of 2021 by the Wex Definitions Team]

Certificate of deposit (CD) is a savings account that holds a fixed amount of money for a fixed period of time and during that time, the account accrues interest, which the issuing bank pays out. The lump sum deposited must be in the account for the allotted time, which is predetermined when deposited.

A certified check is a type of personal check that guarantees there will be enough funds available for the recipient by the issuing bank. A bank certifies the check and verifies that the account holder’s signature on the check is genuine.

Chapter 11 bankruptcy is the formal process that allows debtors and creditors to resolve the problem of the debtor’s financial shortcomings through a reorganization plan; see Tamir v.

In general, insolvent individuals have the choice of either a chapter 7 or chapter 13 bankruptcy, each governed by the United States Bankruptcy Code. Chapter 13 of the Bankruptcy Code is titled "Adjustment of Debts of an Individual with Regular Income" and, if available to the