Bought Ledger

Business / Accounting / Bought Ledger: See Purchase Ledger .

Purchase Ledger

Business / Accounting / Purchase Ledger: A subsidiary ledger which holds the accounts of a business's suppliers. A single control account is held in the nominal ledger which shows the total balance of all the accounts in the purchase ledger. MORE

Overbought-Oversold Indicator

Business / Finance / Overbought-Oversold Indicator: An indicator that attempts to define when prices have moved too far and too fast in either direction and thus are vulnerable to reaction. MORE

Overbought

Business / Finance / Overbought: Used in the context of general equities. Technically too high in price, and hence a technical correction is expected. See: Heavy. Antithesis of oversold. MORE

Sales Ledger

Business / Accounting / Sales Ledger: A subsidiary ledger which holds the accounts of a business's customers. A control account is held in the nominal ledger (usually called a debtors' control account) which shows the total balance of all MORE

Self-Balancing Ledgers

Business / Accounting / Self-Balancing Ledgers: A system which makes use of control accounts so that each ledger will balance on its own. A control account in a subsidiary ledger will be mirrored with a control account in the nominal ledger. MORE

Trust Ledger

Business / Real Estate / Trust Ledger: Ledger where a property manager records monies paid out on behalf of an owner. MORE

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