Business Glossary Post - Get 25 Points for Every Business Term and Meaning that You Post

This is just like the inspirational quote post, but with business terms. All you need is a word related to anything having to do with business and its definition or meaning. Feel free to grab words and their meanings from business dictionaries or just give your own interpretation.

Post as many unique words and their meaning as you can and get 25 points for every post.

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Example Post:

Accounts Receivable - amounts due the company on account from customers who have bought merchandise or received services.

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Permalink Reply by Debbie on November 12, 2008 at 3:19pm: Collateral: property or goods used as security against a loan and forfeited to the lender if the borrower defaults.; ▶ Reply to This

Permalink Reply by DreamLifeCreator on November 12, 2008 at 3:20pm: Accelerated cost recovery system: A system used in computing the depreciation of some assets acquired before 1986 in a way that reduces taxes
.; ▶ Reply to This

Permalink Reply by DreamLifeCreator on November 12, 2008 at 3:20pm: Accelerated depreciation: A system used for computing the depreciation of some assets in a way that assumes that they depreciate faster in the early years of their acquisition.; ▶ Reply to This

Permalink Reply by DreamLifeCreator on November 12, 2008 at 3:20pm: Account balance: The difference between the debit and the credit sides of an account.; ▶ Reply to This

Permalink Reply by DreamLifeCreator on November 12, 2008 at 3:20pm: Accounting period: A time interval at the end of which an analysis is made of the information contained in the bookkeeping records. Also the period of time covered by the profit and loss statement.; ▶ Reply to This

Permalink Reply by DreamLifeCreator on November 12, 2008 at 3:21pm: Accounts payable: Money which you owe to an individual or business for goods or services that have been received but not yet paid for.; ▶ Reply to This

Permalink Reply by Debbie on November 12, 2008 at 3:21pm: Current assets: Valuable resources or property owned by a company that will be turned into cash within one year or used up in the operations of the company within one year. Generally includes cash, accounts receivable, inventory and prepaid expenses.; ▶ Reply to This

Permalink Reply by DreamLifeCreator on November 12, 2008 at 3:21pm: Accounting rate of return: the ratio of profit before interest and taxation to the percentage of capital employed at the end of a period. Variations include using profit after interest and taxation, equity capital; ▶ Reply to This

Permalink Reply by Debbie on November 12, 2008 at 3:21pm: Current liabilities: Amounts owned that will ordinarily be paid by a company within one year. Generally includes accounts payable, current portion of long-term debt, interest and dividends payable.; ▶ Reply to This

Permalink Reply by DreamLifeCreator on November 12, 2008 at 3:22pm: Agent: A person who is authorized to act for or represent another person in dealing with a third party.; ▶ Reply to This

Permalink Reply by DreamLifeCreator on November 12, 2008 at 3:22pm: Amortization: To liquidate on an installment basis; the process of gradually paying off a liability over a period of time.; ▶ Reply to This

Permalink Reply by Debbie on November 12, 2008 at 3:22pm: Credit: Another word for debt. Credit is given to customers when they are allowed to make a purchase with the promise to pay later. A bank gives credit when it lends money.; ▶ Reply to This