- Documents that show financial situation of a business.
YEAR - In language
of accounting, any consecutive twelve-month period.
ASSETS - Assets,
such as buildings, machinery and land held for use within the firm to
revenue making activities; assets that are unlikely to be turned into
within one year.
COSTS - Costs
of doing business that remain unchanged, regardless of the level of
These could include rent, salaries and utility bills.
EXPENSES - Those
costs that don't vary from one period to the next (expenses that are
affected by the volume of business - rent for example )
RATE - An interest
rate that remains the same for the term of the loan.
- The value
of a cheque that has not yet cleared the account on which it was
This means the issuer of the cheque has value for the money until the
An agreement to exchange one currency for another at a specified date
the future at an agreed-upon rate.
- The privilege
or right to deal in a certain line or brand of goods and services.
- A person
or company who give a franchise.
- A person
or company who agrees to run a business according to certain standards
prescribed by the franchisor.
LOAD - A
fee for buying shares or units af a mutual fund.