| DEBIT
- In
the language of bookkeeping - left side of an account or an entry.
DEBIT
CARD - A bank
card that triggers an electronic transfer of funds. Debit cards are
used
to access automated banking machines and to make a retail payment by
transferring
money from the customer's to the merchant's bank account.
DEBT
- Something owed
to another; a liability or obligation to pay something.
DEBT
CAPITAL - Funds
which are borrowed to run a business - from yourself, other individuals
or financial institutions.
DEBT TO
EQUITY RATIO
- A measure of how much debt your business has in relation to amount of
equity, A high level of debt to equity means greater risk for
lenders.
DEBT TO
TANGIBLE NET WORTH
- Measures how much a business is borrowing in relation to the amount
of
equity invested in it. To calculate, divide total liabilities by
tangible
net worth.
DEFAULT
- Failure
to pay a debt or meet an obligation. Any debt is a trust and failure to
pay it is a violation of a high obligation.
DEMAND
- Ask for with
authority or claim as a right. In business we speak of paying debt on
"demand", this
means that
the obligation must be satisfied immediately when requested.
DEMAND
LOAN - A loan
on which the bank can demand full repayment at any time.
DEPRECIATION
- The
amount of such loss of value, or decrease in value through age, wear or
deterioration. It is a normal expense of doing business that must be
taken
into account. All of the equipment that you buy for a business begins
to
depreciate immediately and is worth something less as it continues to
be
used.
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