InvestorDictionary.com
HomeDictionaryCategoriesBooks
Search for Terms:  
Browse by Category:  
Browse:  A  B  C  D  E  F  G  H  I  J  K  L  M  N  O  P  Q  R  S  T  U  V  W  X  Y  Z  # 

Contra asset

What's the definition?
An item that is entered on the asset side of an accounting ledger even though the item has a credit (negative) balance. For a thrift institution, contra assets include such items as deferred income and loans in process.





Deferred income
Loan


Browse:  A  B  C  D  E  F  G  H  I  J  K  L  M  N  O  P  Q  R  S  T  U  V  W  X  Y  Z  # 
The Financial Ad Trader
Copyright © 2008 InvestorDictionary.com - All rights reserved.