What does MAC stand for in banking?

What does MAC mean in finance?

material adverse change
In the fields of mergers and acquisitions and corporate finance, a material adverse change (abbreviated MAC), material adverse event (MAE), or material adverse effect (also MAE) is a change in circumstances that significantly reduces the value of a company.

What does Mac abbreviation mean?

Mac is an abbreviation for Macintosh, and used to describe the line of Apple computing products that includes the MacBook Pro, iMac Pro, MacBook Air and the iMac. MAC, in all caps, is an acronym for media access control address.

What is abbreviation in banking?

List of Banking Related Abbreviations

Abbreviation Full Form
ATM Automated Teller Machine
BACS Bankers Automated Clearing System
BCBS Basel Committee On Banking Supervision
BCP Branch Credit Plan

•Feb 17, 2015

What does MAC stand for in sales?

The Moving Average Cost (MAC) is how QuickBooks Commerce determines the cost of a product at any point after a Purchase Order, or Stock Adjustment has been made, or when a Sales Order has been shipped.

What is the MAC clause?

Material Adverse Change (MAC) clauses are most commonly used in acquisitions and project financing transactions. MAC clauses are a common means of allocating the risks presented by adverse business or economic developments occurring between the signing and the closing of an acquisition agreement.

What is MAC contract?

A Multi-Agency Contract (MAC) is a task-order or delivery-order contract established by one agency for use by Government agencies to obtain supplies and services, consistent with the Economy Act. MACs include contracts for information technology established pursuant to 40 U.S.C. §11314(a)(2).

Does MAC stand for anything?

MAC started out as a two-person startup created by makeup artist and photographer Frank Toskan and salon owner Frank Angelo. MAC is just an acronym for their original name, Makeup Art Cosmetics. …

What is SGL and BR in banking?

All the transactions put through by a bank, either on outright basis or ready forward basis and whether through the mechanism of Subsidiary General Ledger (SGL) Account or Bank Receipt (BR), should be reflected on the same day in its investment account and, accordingly, for SLR purpose wherever applicable.

What is AFC in finance?

The full form of AFC is Asset Finance Company. An Asset Finance Company (AFC) is a type of Non-banking Financial Company (NBFC).

What does MAC mean in SAP?

Definition. MAC-SAP. Media Access Control Layer – Service Access Point.

What does change averse mean?

Change aversion is the negative short-term reaction to changes in a product or service. … But keep in mind that at some point the balance may shift, and people who are happily using your product will react negatively to changes — unless you've planned ahead to minimize their change aversion.

What does materially adverse mean?

Materially Adverse means, with respect to a person, a fact, circumstance, event or term, or change in a fact, circumstance, event or term that is or would reasonably be expected to materially and adversely affect the condition (financial or otherwise), operations, results of operations, business, assets, Liabilities or …

What is rep and warranty?

What are Reps and Warranties? Reps and warranties refer to statements of fact that a seller makes as part of trying to persuade a buyer to purchase their business. Each of the parties in the transaction relies on the other to provide true information about the transaction.

What is a Mac in legal terms?

Related Content. In the context of the acquisition of a target company or business, a clause which aims to give the buyer the right to walk away from the acquisition before closing, if events occur that are detrimental to the target company.

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