| current assets | cash or assets that are readily convertible to casg |
| current liabilities | money owed which falls due for payment within one year |
| daisy chaining | creating artificial transactions in order to make a particular security appear more active than itis |
| dear money | money which has to be borrowed at a high interest rate |
| debt collection agency | a business that secures the repayment of debts for third parties |
| debtor | a person or entity owning money |
| deed | a legal document that details the transfer or sale of a property |
| deep pocket | a company or an individual that provides funds for another company |
| direct debit | a claim on an individual or organisation by a creditor and paid by the individual's or og's bank |
| discount | a reduction in the price |
| diversification | increasin the variety of business, service or product types |
| divestment | a proportional reduction in an ownership stake |
| dividend | an amount payable to shareholders from profits |
| downsizing | organisational restructuring |
| drop a bundle | lose a lot of money |
| dynamic pricing | pricing that changes in line with demand |
| embezzlement | a financial crime, fraud |
| endorse | to sign a bill or cheque on the back to show its onwnership has been passes on the another person |
| entrepreneur | somebody who sets up a business |
| exchange rate | the rate at which one currency can be exchanged for that of another country |
| excise duty | a tax on goods such as alcohol or tobacco |
| fill or kill | to carry out a client's order immediatly or else the order is cancelled |
| financial year | the twelwe-month period for which a company produces account |
| fixed asset | a long-term asset such as a machine or building |
| foreign currency | a currency used in a foreign country |
| GDP | Gross Domestic Product |
| gnomes of Zurich | a derogatory term for Swiss bankers |
| go-go fund | a unit trust that trades in high-return and high-risk investments |
| golden handcuffs | a financial incentive paid to emplyees to remain in an organisation |
| golden handshake | a sum of money given to a senior executive on his involuntary departure from a company |
| go public | to float the shares of a company |
| hard currency | a currency that is traded in a foreign exchange market and for which there is demand |
| haggle | to negotiate the price |
| hedge fund | a unit trust that takes considerable risk |
| hire purchase | method of paying for product or service in which buyer pays series of instalments over period of tim |
| hostile bid | a takeover bid that is opposed by the target company |
| hot issue | a new security that is expected to trade at a significant premium on its issue price |
| illiquid | not easly convertible into cash |
| IMF | International Monetary Fund |
| income tax | tax levied on any income |
| inflation rate | a rate at which the general price level increases |
| inheritance tax | tax payable on property inherited after somebody's dead |
| insolvency | the inability to pay debts |
| interest | the rate that a lender charges for a loan |
| interim dividend | a divided whose value is determined on the basis of a period less than a full fiscal year |
| Internal Revenue Service | tax office |
| invoice | a document that the supplier sends to a customer detailing cost of product and requesting payment |
| joint venture | a project undertaken by two or more parties |
| ledger | a book in which transactions are recorded |
| legal tender | banknotes and coins accepted within a given jurisdiction |
