x	x
illiquid	not easily 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 death
insolvency	the inability to pay debts
interest	the rate that a lender charges for a loan
interim dividend	a dividend 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 the cost of product and requesting paymen
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
lessee	the person who uses a leased asset
quoted company	companies listed on a stock exchange
public debt	the money that the government owes
profiteer	an individual who aims to make excessive profits disregarding others
profit and loss account	the summary record of a company's sales revenues and expenses over a period
proceeds	an income from a transaction
parent company	a company with one or more subsidiary undertakings
principal	the original amount of a loan not including interest
pension	money received regularly after retirement
PIN	personal identification number
payslip	a small document showing details of money earned and tax and insurance paid
payroll	a list of employees who receive salaries or wages, together with the amounts due to each
overdraft	withdrawal of more money from a bank account than it contains
NYSE	New York Stock Exchange
near money	assets that can be quickly turned into cash, e.g. bank deposits, short-dated bonds
national debt	the total borrowing of a country's government
mortgage	a credit to finance the acquisition of land and real property
money laundering	the process of making money obtained illegally appear legitimate
market economy	an economy in which a free market in goods and services operates
margin	the difference between the cost and the selling price of a service
management buy-out	the purchase of an existing business by an individual manager or management group from within that b
majority shareholder	a shareholder with a controlling interest in a company
long-term liabilities	loans that are due after at least one year
loan shark	somebody who lends money at excessively high rates of interest
lessor	the person who provides the asset being leased
red tape	excessive bureaucracy
stock exchange	a registered market in securities
sleeping partner	a person or entity that invests money in a company but takes no part in the management of the busine
share issue	the offering for sale of shares in a business
shareholder	a person or entity that owns shares in a company
secondary market	a market that trades in existing shares rather than new share issues
savings account	an account with a bank that pays interest
salary	a form of pay given to employees at regular intervals for the work they have done
royalties	a proportion of the income from the sales of a product to its creator or owner, e.g. a land owner, i
rogue trader	a dealer in stocks and shares who uses illegal methods to make profits
revolving credit	a credit facility which allows the borrower to borrow or repay debt as required
revenue	the income generated by a product or service