ACCEPTANCE HOUSE	institution that accepts financial instruments & agrees to honour them should the borrower default
ACCOUNT	a structured record of transactions
ACCOUNTING COST	the cost of maintaining and checking business records
ACCOUNTING CYCLE	the regular process of formally updating a firm's financial position
ACCOUNTING CODE	a number assigned to a particular account
ACCOUNTING EVENT	a transaction recorded in a particular book of account
ACCOUNTING FEES	payments paid to an accountant for preparing accounts
ACCOUNTING INSOLVENCY	the condition that a company is in when its liabilities exceed its assets
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
ACTUAL CASH VALUE	the amount of money, less depreciation, that it would cost to replace something damaged
ACTUAL TURNOVER	the number of times during a particular period that somebody spends the average amount of money
ACTUARY	a statistician who calculates probable lifespans so that insurance premiums could be accurate
ADJUSTED BOOK VALUE	the value of a company in terms of the current market values
ADVANCED PAYMENT	an amount paid before it is earned
AGGREGATE INCOME	the total of all incomes in an economy without adjustments for inflation or taxation
AGGREGATE-SUPPLY	the total of all goods and services produced in an economy
ALIEN CORPORATION	companies which are based in one country but registered in another
AMALGAMATION	the process of two or more organisations joining together
ANGEL INVESTOR	an individual or a group willing to invest in an unproven but well-researched e-business idea
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
APPRECIATION	the increase in value of certain assets over time
APPROVED ACCOUNT	financial reports that have been accepted by the company's board of directors
ARBITRAGE	buying & selling of foreign currencies or products between 2 or more markets to make profit
ARMCHAIR ECONOMICS	economic forecasting or theorising based on insufficient data
ASSET	any tangible or intangible item to which a value can be assigned
ASSET ALLOCATION	investment strategy that distributes investments in a portfolio so as to achieve the highest return
ASSET RESTRUCTURING	the purchase or sale of assets
ASSET STRIPPER	a company that acquires another company and sells its assets to make a profit
ASSOCIATE COMPANY	a company which is partly owned by another company
AUDIT COMMITTEE	a company's board of directors that monitors the company's finances
AVERAGE ACCOUNTING RETURN	the percentage return realised on an asset
AVERAGE COST OF CAPITAL	the average of what a company is paying for the money it borrows
BABY BELL	one of the regional phone companies that was established after the demise of AT&T in 1984
BAD DEBT RESERVE	money that a company sets aside to cover bad debts
BALANCE OF PAYMENTS	a list of a country's credit and debit transactions
BALANCE SHEET	a financial report stating the total assets and liabilities at a given date