Category: Finance Dictionary

When one party must report its activities and take responsibility for them. It is done to keep them honest and responsible.

The way of showing which customers pay on time and which don’t. How far behind is also added to this calculation. It is used to collect debts and establish credit.

The organization of the chartered institute of management accountants associate. Prevalent in the UK.

When a party in court exercises its legal rights by means of writ.

The removal or a tenant from a property through legal channels.

A computer system that has ads on it and maintains them for websites. They track and report statistics to help identify possible customers.

A large amount of inventory waste that may be caused process inefficiency. Eventually this leads to abnormal loss. Abnormal spoilage is another term for this. The same can be applied to computers.

Refuseal, from one bankruptcy court, to get involved with a matter of another court with jurisdiction

While not an exact term ‘about’ signifies not more or less than 10 percent of the stipulated amount, quantity, or unit price. Refer to the definition of approximately.

A written statement about a complex work that contains only the basic gist. It is usually written by another author. Other terms that might help are abridgment, digest, outline, pr

This occurs when the economy produces goods at a higher rate than normal. The level of normalcy is decided by the gross domestic product or the GDP. This causes the market to

Something that is harder to understand for those with only basic knowledge on the topic.

Risks whose nature is not technically calculatedly. Usually associated with the political climate, market variations, and price fluctuation.

The basic abuse of power that can occur when they become too manipulative with those around them and the trust given to them.

A good or service that is more costly that its competitors.

An index used to derive the value of a mortgages subprime. A credit default to exchange is used to help those with weak credit. It has four series each containing 20 bonds.

the voluntary relinquishment of all rights, title, or claim to property that rightfully belongs to the owner of the property. Stocks, bonds or mutual funds held in a brokerage account where the

1. Accounting: a record used to characterize income and expenses required to run a business that affect the profit, but not the capital, of the given company. 2. Advertising: exposure through the

This individual works and is bound by the laws of the Institute Of Chartered Accountants.

1. Commerce: a reduction in the amount of a bill due to factors such as demurrage, overtime penalty, or rent. 2. Environment: to reduce or eliminate polluting or hazardous substances. This is