MONEY | notes and coins |
ACCEPTANCE HOUSE | institution that accepts financial instruments & agrees to honour them should the borrower default |
ACCOUNT | a structured record of transactions |
ACCOUNTANCY | the practice of accounting |
ACCOUNTANT | a professional person who maintains and checks business records |
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 MANUAL | a collection of accounting instructions |
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 |
AGED DEBT | a debt that is overdue by one or more given periods |
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 |
AMORTISE | to reduce the value of an asset gradually by writing off its cost |
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 |
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 |
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 | a debt which is considered to be uncollectable |
BAD DEBT RESERVE | money that a company sets aside to cover bad debts |
BAD WILL | negative goodwill |
BALANCE | the state of an account |
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 |