Financial words
Liability – any financial expense or amount owed.
Line of credit – an agreement allowing a borrower to withdraw money from an account up to an approved limit.
Liquidate – to quickly sell all the assets of a company and convert them into cash.
Liquidation – the process of winding up an insolvent company..
Unique financial terms
Revenue is the money generated from normal business operations, calculated as the average sales price times the number of units sold.
It is the top line (or gross income) figure from which costs are subtracted to determine net income.
Revenue is also known as sales on the income statement..
Unique financial terms
Term can have multiple meanings based on context.
It can refer to the time period of an investment, the provisions of an agreement or contract, and lifespan assigned to an asset or liability.
The term (or maturity) of a product can play a significant role in assessing a security's riskiness..
Unique financial terms
There are several external methods a business can use, including family and friends, bank loans and overdrafts, venture capitalists. and business angels, new partners, share issue, trade credit, leasing, hire purchase, and government grants..
What are finance most important terms?
Net income
Arguably the most important financial words for any business owner – net income..
What are the basic terms of business finance?
Liability – any financial expense or amount owed.
Line of credit – an agreement allowing a borrower to withdraw money from an account up to an approved limit.
Liquidate – to quickly sell all the assets of a company and convert them into cash.
Liquidation – the process of winding up an insolvent company..
What is business financial details?
Simply put, financial information is anything related to the financial activities and performance of a business.
Most often, this information is collected through financial statements or reports that cover a specific aspect of a business's finances, such as cash flow and profitability..
What is financial terminology?
Basic Financial Terms.
The word 'terminology' refers to the language used in a specific field.
For example, health, science, and finance all have their own terminology.
Knowing the specific terminology of a subject is crucial to understanding industry reports and discussing relevant issues with your peers..
Why are financial terms important?
Why is it important to know financial terms? Knowing finance terms is important because it can help you understand and manage your personal financial health or the financial situation of a business.
This knowledge can be especially useful when meeting with industry experts, such as investors and accountants..
Why is the finance function important in a business?
The finance function has to enable decisions across the organization, requiring deeper, clearer insight into operations, customers, markets, and the external business environment..
