DEFINITION of 'Nonmonetary Transaction'. Transactions that do not result in a transfer of funds between accounts. Nonmonetary transactions can be something as simple as a change of address or can refer to more complex transactions in the financial sector. For example, a $0 deposit to initiate an automated clearing house transaction (e.g., direct deposit or auto-withdrawal) would be considered a nonmonetary transaction. The even exchange of assets (e.g., transferring property or inventory) is a nonmonetary transaction. In cases of property exchange, the fair values of the underlying assets need to be determined, if possible.
1 Because Minky is made of polyester, you donât need to worry about prewashing, however if you are using other fabrics in your quilt, itâs imperative that you do prewash these. 2  Never iron Minky directly. 3  It will ruin the nap and any embossing like dots or dimples in the fabric.
If youâre sewing a blanket with minky and cotton, for example, keep the heat on low even if ironing on the cotton side to prevent any damage to the minky. Too much heat can ruin any dots or other embossing on the minky.