Write out what each of the following abbreviations stands for: 1. EOB 2. A/R 3. A/P 4. NSF 5. TILA 6. FTC 7. APR 8. PIN 9. POS 10. EFT 11. RTN 12. ACH
Understand the Problem
The question is asking to identify and write out the meanings of various abbreviations related to finance or accounting. Each abbreviation needs to be expanded to its full term or definition.
Answer
EOB - Explanation of Benefits, A/R - Accounts Receivable, A/P - Accounts Payable, NSF - Non-Sufficient Funds, TILA - Truth in Lending Act, FTC - Federal Trade Commission, APR - Annual Percentage Rate, PIN - Personal Identification Number, POS - Point of Sale, EFT - Electronic Funds Transfer, RTN - Routing Number, ACH - Automated Clearing House.
The abbreviations stand for: EOB - Explanation of Benefits, A/R - Accounts Receivable, A/P - Accounts Payable, NSF - Non-Sufficient Funds, TILA - Truth in Lending Act, FTC - Federal Trade Commission, APR - Annual Percentage Rate, PIN - Personal Identification Number, POS - Point of Sale, EFT - Electronic Funds Transfer, RTN - Routing Number, ACH - Automated Clearing House.
Answer for screen readers
The abbreviations stand for: EOB - Explanation of Benefits, A/R - Accounts Receivable, A/P - Accounts Payable, NSF - Non-Sufficient Funds, TILA - Truth in Lending Act, FTC - Federal Trade Commission, APR - Annual Percentage Rate, PIN - Personal Identification Number, POS - Point of Sale, EFT - Electronic Funds Transfer, RTN - Routing Number, ACH - Automated Clearing House.
More Information
These abbreviations are commonly used in financial, medical, and general business contexts.
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