Category: Finance Dictionary

When a bank asks for the applicants account history for credit approval or loan renewal.

Separating a companies accounts so cost and profits with each can be used individually.

The successful completion of tasks. Reaching higher than before to gain status.

Something done or not don intentionally by a person. AKA act of parliament or statute.

The production activity used to create overhead.

Internet ad term that represents the amount an ad has been clicked on.

A business type that helps start up businesses to gain financial and physical resources. Accelerators may choose to work with businesses who have been rejected by venture capital firms or other investors

Controling accident potential by preventing escalation, achieving a safe state, or balancing consequences.

A numeric or alphabetic code that identifies an account holder and the account records. AKA account code.

The term for financial accounting standards in the UK.

A solution with a ph below 7. It has a sour taste, releases hydorxyl, and makes litmus papers red. Strong acids are corrosive and weak ones are practically harmless. AKA mineral, inorganic,

A natural event that causes loss. No human force is used and the event cannot be controled. They are insured events. AKA act of nature. Refer to force majeure.

Assigning cost to an activity by using driver methods.

A committee that is created to supervise a task. This is the most common committee type.

A buyers realistic expectation of the cost of a product or service. This is based on the quality and benefits expected.

The calculated probability that an employee will be harmed at their job. This comes with machinery, electricity, fire, chemicals, and heavy objects.

The summary of transactions on an account with a customer over the last period of time. AKA statement of account and bank statement.

The connection beween unpaid bills and the companies total debt. If its high more funds should be borrowed. This is reported per accounting period.

When body fluids change to make them more acidic. It is caused by a bodily failure that maintains acid alkali level in blood.

A legal event that is caused by the way an individual acts.