Amortization the repayment time period of a loan or debt the number of years over which youll repay the loan or debt apr annual percentage rate a standard calculation by lenders to show what the interest rate and fees are on a credit product e. Finance is then often split per the following major categories. In the case of a mortgage, the collateral would be the house and real property. First on the list of financial terms, assets are the economic resources a business has. Letter of credit conditional bank commitment issued on behalf of a customer to pay a third party in accordance with certain terms and conditions. This article is an attempt to create a glossary of financial terms, which is both compact as well as comprehensive. Go through the glossary of financial terms and know the meaning of all financial terms through their definitions here at the economic times. A slang term used to refer to something favorable that has happened in business. The accounting officer for a government department is usually the permanent secretary. Glossary of personal financial terms my money coach. Paul sticht, professor of international business at duke university.
The terms and definitions of the pathways to economic advancement pay for success contract. The following glossary is designed to help nonfinance experts understand some of the terminology used in public agency financial management. This glossary of common financial terms was created and is used by the bureau for translating. One of the main sources of financial dictionary is the financial glossary by campbell r. It terms glossary information technology definitions. Italicized terms within the definitions are themselves defined elsewhere in the glossary, for crossreference.
Pdf the dictionary of financial and economic terms is the first dictionary that is entirely dedicated to providing concise definitions and simple. While managing your finances, you may come across terms you dont understand. Asset allocation plan the process of dividin g investments among different kinds of assets, such as stocks, bonds, real estate and cash, to optimize the riskreturn tradeoff based on an individuals or institutions specific situation and goals. Accounting terminology guide over 1,000 accounting and. This az pocket guide to understanding financial terms is just one of the achievements of ebss partnership with nala. So called because assets must equal or in other words be in. Draft final glossary of terms and definitions iotc. In many states,if a judgment is recorded against a seller only minutes before a deed to the buyer is recorded, then the buyers new property is subject to the lien.
Glossary of international trade terms 24 hour rule. Having launched it originally in 2004 we have now updated it with modern. It outlines the main terminology and acronyms used to describe public finance in. These are generally broken down into six different types of assets. Aged debtors report an aged debtors report lists amounts owed to a business by trade debtors and analyses how long the amounts have been due. The forbes financial glossary defines hundreds of finance terms to help you decode the puzzle. For example, an employee receiving a raise may reply with the words cool beans, upon receiving the news. Budget surplus this financial situation occurs if a government plans to spend more than it forecasts to. A term referring to the refund of previously paid prop erty taxes due to the overvaluation of property. Balance sheet a financial statement that shows the assets, liabilities and owners. A laymans guide to financial terms utsc university of toronto. Financial terms and definitions page 3 the economic times. From 401ks to zerosum investments, the glossary is an evolving reference for investors and.
A charge that appears on a periodic statement associated with an extension of credit e. Investopedias comprehensive list and definitions of business terms that start with f. The american institute of certified public accountant has defined financial accounting as. Basic accounting concepts n matching n revenues and expenses shown on the income statement must be matched for the period. Person or entity that has the right to use property under the terms of a lease. Cscmps definition of logistics management logistics management is that part of supply chain management that plans, implements, and controls the efficient, effective forward and reverses flow and storage of goods, services. It includes the amount of interest you will pay during the terms of the loan, origination points and certain other items. Finding an integrated list of financial terms and definitions is only comprehensively possible with the aid of a financial dictionary. The fee charged for services performed, usually based on a percentage of the price of the items sold such as the fee a real estate agent earns on the sale of a house. Glossary search download full glossary csv file download full glossary pdf file. Learn and know the meaning of these finance terms by their definitions here at the economic times. If you dont understand the terminology, you might not have a full grasp of the process. An actual budget deficit occurs if actual public spending exceeds actual tax revenues.
This financial glossary gives better, more precise, and simpletounderstand meanings of financial terminology. Introduction listening and serving consumers is central to the bureaus mission of ensuring that all. Glossary of financial terms and definitions alphabetically. Thumbnails document outline attachments find more documents from this course finance finance 1. If you have any suggestions, corrections or improvements, please do contact us. In a broad sense, assets include everything your company owns that has some economic value. Glossary of finance terms national association of counties. Glossary of financial terms and definitions wealth how. Subscribe to term of the day and learn a new financial term every day. Internet explorer and firefox have options for defining both memory and disk cache. Lessor owner of property, the temporary use of which is transferred to another lessee under the terms of a lease. Calculations have been performed for appropriate finance charges, minimum payment due, and new balance. Dictionary of finance and investment terms barrons.
This guide provides easy tounderstand definition and explanation of financial terms arranged in. Poverty defined with respect to an absolute material standard of living. A form of corporation, allowed by the irs for most companies with 35 or fewer shareholders, which enables the company to enjoy the benefits of incorporation but be taxed as if. Your pocket guide to understanding financial terms. A read is counted each time someone views a publication summary such as the title, abstract, and list of authors, clicks on a figure, or views or downloads the fulltext. It also lists creditors who have been owed money for the longest period.
Glossary of financial terms clute wealth management. Here are 10 essential finance terms every entrepreneur needs to know. The basis of accounting under which revenues are re corded when earned and expenditures are recorded as soon as they. The following glossary is designed to help non finance experts understand some of the terminology used in public agency financial management. Some closing costs are not treated as finance charges. Wall street oasis aims to provide succinct definitions and understandable explanations of each of these financial terms you will find repeatedly in the.
An actuary is an expert on pension scheme assets and liabilities, life expectancy and. Instead, the definitions reflect the consensus of industry professionals about the general usage of these terms in the municipal market. Some loan and finance agreements have lower repayments than normal in return for a high final payment. More than 5,000 terms related to stocks, bonds, mutual funds, banking, tax laws, and transactions in the various financial markets are presented alphabetically with descriptions. A structured, consistent, and continuous process across the whole organization for identifying, assessing, deciding on responses to, and reporting on opportunities and threats that affect the achievement of its objectives. This glossary contains nontechnical descriptions of all the terms in economics for everyone highlighted in small capitals. Certified public accountant cpa accountants who meet specific educational requirements and pass a national examination auditor professional whose work involves checking on the accuracy of work completed by bookkeepers and accountants bank teller bank employee who handles deposits. References to quarters in this pfs contract, including all the schedules hereto, refer to calendar quarters following the service commencement date. Public agency financial management frequently involves terms that are unfamiliar to nonexperts, the definitions of which also involve other unfamiliar.
The act of storing data for fast retrieval is called caching. Adobe pdf file definitions of supply chain management. Glossary of terms learn the language of paying for college with this comprehensive glossary of college finance terms. Glossary of terms credit union notforprofit cooperatives of members with some type of common bond e.
All such documents are time and date stamped when received. Most comprehensive financial dictionary with over popular financial terms. This glossary focuses in particular on financial terms relevant to the uk government. Investopedias comprehensive financial terms dictionary with over 00 finance and. Having launched it originally in 2004 we have now updated it with modern terminology to meet with the increasing demand for the book. Many of these terms are also used in other segments of the securities industry and. When a pdf file is used, the transferred data is read only so it cannot be altered. Specifically, it deals with the questions of how an individual, company or government acquires the money needed called capital in the company context and how they then spend or invest that money. Finance definition is money or other liquid resources of a government, business, group, or individual. A glossary of terms october 2011 1175 ross burnside and allan campbell this briefing has been produced for new members of the finance committee, and msps generally wishing to familiarise themselves with commonly used public finance terminology. It provides concise definitions of 8,000 terms with 18,000 useful links. Complete economics dictionary complete economics dictionary. Effective december 2, 2002, carriers andor automated nvoccs nonvessel operating common carrier must submit a cargo declaration 24 hours before cargo is loaded aboard the vessel at a foreign port.
Below you will find an extensive and evergrowing list of finance terms and definitions, as well as financial abbreviations, often found in the forums of wall street oasis and in the finance community. The most comprehensive investing glossary on the web. An actuary is an expert on pension scheme assets and liabilities, life expectancy and probabilities for insurance purposes the likelihood of things happening. Accounting officer the senior official ultimately responsible for all spending of a government department or arms length body. Finance is the management of money, particularly in relation to companies, organisations, or governments. Iotc working party on the implementation of conservation and management measures wpicmm meeting session. Sometimes financial experts engaging in accounting or bookkeeping work use unfamiliar terms to explain and describe transactions such as loans or investments. It defines the relationship an employee has within a school. Finance charge skip to next word the cost of consumer credit expressed as a dollar amount. Know the glossary of financial terms and definitions alphabetically, which are most commonly use in indian finance. Complete economics dictionary to earn in tax revenues over the financial year. Download this document for finance at maastricht university for free and. The company repaid 400 eur shortterm loan and 20 eur interest. The guide is an important resource that will help to create a much greater understanding of.