money | notes and coins | |
account | a structured record of transactions | |
accountancy | the practice of accounting | |
accountant | a professional person who maintains and checks business records | |
accounting event | a transaction recorded in a particular book of account | |
accounting fees | payments paid to an accountant for preparing accounts | |
accounting department | a unit in a company that deals with accounts | |
accounts payable | amount that a companes owes for goods or services obtained on credit | |
accounts receivable | the money that is owed to a company for goods or services provided | |
accrued income | money that has been earned but yet not received | |
accrued liabilities | money which is recorded although payment has not been made | |
advanced payment | an amount paid before its earned | |
aggregate-supply | the total of all goods and services produced in an economy | |
amortise | to reduce the value of an asset gradually by writing off its cost | |
annual charge | a management fee paid yearly | |
annual report | document prepared each year to give a true and fair view of a company's state of affairs | |
asset | any tangible or intangible item to which a value can be assigned | |
ATM | ab electronic machine from which bank customers can withdraw paper money | |
audit commitee | a company's board of directors that monitors the company's finances | |
bad debt | a debt which is considered to be uncollectable | |
balance | the state of an account | |
balance sheet | a financial report stating the total assets and liabilities at a given date | |
bang for the buck | return on investment | |
bankruptcy | the condition of being unable to pay debts | |
barefoot pilgrim | an investor who has lost everything in securities | |
barren money | money that is unproductive becouse it is not inested | |
take a bath | suffer a serious financial loss | |
bean counter | a derogatory term for an accountant | |
bear market | a market in which a dealer is more likely to sell securities rather than buying | |
bid | an offer to buy all or a mojority of the capital shares | |
bond | a promise to repay with interest on specified dates money that an nivestor lends a company or govern | |
bookkeeper | a person responsible for financial records | |
books of accounts | ledgers and journals used in preparing financial statements | |
budget deficit | the extent by which expenditure exceeds revenue | |
budget surplus | the extent by which revenue exceeds expenditure | |
bull market | market in which prices are rising and in which dealer is more likely to buy than sell | |
cash discount | a discount offered to a customer who pays for goods with cash | |
cash flow | athe movement through an organisation of money that is generated by its own operations | |
category killer | a major organisation that puts out of business smaller companies | |
chartered accountant | a qualified professional accountant in the UK | |
cheap money | low interest rates | |
clicks and mortar | hybrid businesses involved in e-commerce annd traditional stores | |
collateral | property or goods used as scecurity agains a loan | |
commodities | a good or service, e.g. cotton, wool or a laptop | |
commission | a payment made to intermediary often calculated as percentage of the value of goods/service provided | |
competition | rivalry between companies | |
creative accounting | the use of accounting metods to hide aspects of a company's financial dealings | |
credit | a financial arrangement to byu goods or services and pay for that at a later date | |
creditor | a person or entity yo whom money is owed | |