A detailed plan which depicts the solution for paying off all outstanding debts that the company, or individual owes. Takes in to account the earning of the borrower and then sets up

A system developed to provide ease in transferring funds from the suppliers to the borrowers, or from payers to payees. An exchange of credits and debits take place between the financial institutions

A tool used for decision analysis which lists down all the pros and cons of any decision. It makes use of payoffs, and provides various combinations or alternatives, giving a better idea

Usually present in juvenile policies, this provision states that in case the person who is responsible for making payments on behalf of the minor dies, or gets disabled, the rest of the

The period between which benefits are received, under a set agreement.

A company owned by eBay, whose primary function is to process online payments and transfer money from individuals and companies. It was set up in 1998, and accepts 18 currencies at present.

The total amount of money that a company needs to pay its employees. Also in the form of a paysheet, which calculates all deductions and net payments.

The salary payments list that must be given by any employer to the bank.

The income tax or other deductions that are made by the employer on the employee’s gross salary.

The different between the gross payment and the wages, that are estimated for the employees.

An indicator used in the United States, for calculating the increase in average pricing for all domestic personal consumption. It is taken from the largest component of the GDP.

A commercial software program that is used for accounting purposes. Created and owned by the Sage Group’s software department.

The highest earnings, demands or point that can be reached during a given period of time.

The time of the day, or period during which the demand for goods and services is at its acme.

Such an endorsement provides larger coverage on the inventory that has been insured during the peaking seasons.

The unit of volume used traditionally for dry commodities. One peck is equal to 2 gallons.

Developed by Nicolas Majluf and Steward C. Myers, the Pecking Order Theory classifies people, birds, classes and nations in different categories, where financing sources are categorized.

A legal principle which states that if the owner of any property is getting construction done on it, the owner will stand responsible for any injuries that occur during the construction.

A position in which the prices used for production by any producer are affected favorably or unfavorably by the impact of other producers.

A judgement made by a peer group involving one or more of its members.