| pre-paid expense/deferred expense | a cost that is paid in advance of being incurred (rent, insurance) |
| liquidity | the degree to which assets can easily be sold, with a minimum loss of value |
| annual general meeting (AGM) | yearly meeting with the directors to which companies have to invite all shareholders |
| quorum | a minimumnumber of directors and shareholders who must be present(AMG) so that decision can be taken |
| break even | to make neither a profit nor a loss |
| bail out/bale out | to help an organization in a difficulty by lending it mmoney |
| accounts payable creditors | amounts od money owed to supliers for purchases made on credit |
| authorized share cpital | tha maximum amount of a particular type of share a company can issue according to its memorandum |
| book value/carrying value | the worth of an assets as recorded in a company's accounts(cost-accounted depreciation) |
| rate of return | the annual percentage amount of income provided by an investment |