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.

Certification in a subject. It ensures integrity of an agency and is awarded to organizations as well.

A periodic increase in the value of an ASSET or LIABILITY originally issued, granted, or sold at a discount to FACE VALUE. In general, the contract will increase on a straightline basis

How a company or asset grow due to the addition of an external source. It is used to expand company size.

A general accounting method that reports income when it is earned and expenses when they are incurred. See also CASH BASIS.

The interest on a BOND or LOAN that has been earned but not yet paid. Interest payable/receivable accumulates between COUPON payment periods; once a periodic interest payment is made, accrued interest reverts

Profit earned in current period but will be collected in the next period. AKA unrealized revenue.

In marine insurance when the value of goods is increased if shipments accumulate without an insured parties knowing.

A trust or mutual fund when divident income is reinvested to increase the amount of the total investment.

Honestly agreeing and practicing standards of due diligence. Financial statements are verified for correctness. Refer to precise.

An option in trading that can be called upon at a later date if the owner so chooses. This is also called a hermaphrodite option.

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

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,

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

The institue of chartered secretaries and adminstrators associate.

Stating that something is true or factual. When a buyer agrees to pay for their purchase. A message that confirms a communication was recieved. An oath done in public. Ensuring a shipment

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

When a residential area is grouped in one of the 39 ranks. It is done by age, facilities, composition, household size, marital status, income, transportation mode, job, car ownership, and home ownership.

The activity or inactivity of a person in a contract.

Administrative costs including acquiring credit reports, proofing the paperwork, identifying proper insurance coverage etc. When a lease is set up.