GAP

over9five

Moderator
Staff member
Seems UPS will delete your secondary direct deposit if you attempt to change it, unless its one of the following:
What the heck is "GAP"?
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Its_a_me

Well-Known Member
Guaranteed Asset Protection (GAP) is insurance for the difference between the loan amount and what an asset is currently worth. Lease a new car drive it off the lot and continue use it until right before 1st payment comes due and then wreck it. Insurance isn’t going to pay 100% of loan. GAP insurance covers it.

Generally Accepted Accounting Practices (GAAP) refer to a common set of accounting rules, standards, and procedures issued by the Financial Accounting Standards Board (FASB). Public companies in the U.S. must follow GAAP when their accountants compile their financial statements.

Nice job finding the typo.
 

Its_a_me

Well-Known Member
FYI...it should be Principles not Practices.

...and it means you can't send money to Russian Mobsters Bank where they bribe, torture, cheat, and steal and thus risk the accreditation of the company sending them money. That's why they need the account to follow GAAP standards.

It's all about not messing up their audit compliance. Not about protecting your 2nd deposit from bad actors.
 
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