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 | the amount that a company 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 not yet received |
accrued liabilities | money which is recorded although payment has not yet been made |
advanced payment | an amount paid before it is 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 | documents 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 | an electronic machine from which bank customers can withdraw paper money |
audit committee | 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 everythiong in securities |
barren money | money that is unproductive because it is not invested |
take a bath | suffer a serious financial loss |
bean counter | a derogatory term for an accountant |
bear market | a market in which prices are falling and in which a dealer is more likely to sell securities rather |
bid | an offer to buy all or a majority of the capital shares of a company |
bond | a promise to repay with interest on specified dates money that an investor lends a company or a gove |
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 a dealer is more likely to buy than sell |
cash discount | a discount offered to a customer who pays for goods with cash |
cash flow | the 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 and traditional stores |
collateral | property or goods used as security against a loan |
commodities | a good or service, e.g. cotton, wool or a laptop |
commission | a payment made to an intermediary often calculated as a percentage of the value of goods or services |
competition | rivalry between companies |
creative accounting | the use of accounting methods to hide aspects of a company's financial dealings in order to make the |
credit | a financial arrangement to buy goods or services and pay for that at a later date |
creditor | a person or entity to whom money is owed |
current assets | cash or assets that are readily convertible to cash |
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 it i |
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 owing money |