LOAN - A
fee for selling or redeeming shares or units of a mutual fund.
owned to you or your business that you can't collect.
- The amount
of money remaining in an account.
SHEET - The
financial statement that shows what a business owns and owes (the
value of the assets, liabilities and owner's equity) at one point in
(on a specific date).
- The accounting equation reported in the balance sheet.
- The claim of a bank against the total assets of the borrowing
- The rate
set each week by the bank.
POINT - One
one-hundredth of one per cent.
A loan payment, consisting of principal and interests, that is the same
each month. Because the total payment amount remains fixed, the amount
applied against principal each month varies. An example is a mortgage
process of classifying and recording business transactions in the
VALUE - The accounting
value of an asset.
The level of business at which the revenue (income) exactly equals the
- A plan expressed
in money terms.
- In the accounting, a business transaction is a financial event
or more of
the fundamental elements of the accounting equation.