Discover key financial terms explained simply to help you make smarter money decisions.
Value of an asset if liquidated or abandoned
Reduction or exemption of taxes or fees
Ability to produce goods at a lower cost
Permanent transfer of ownership rights
Debt repayment rule in bankruptcy
Measure of an asset’s worth without context
Depreciation method for tax purposes
Faster depreciation method to reduce taxable income
Faster schedule for obtaining full ownership of benefits
Provision to speed up debt repayment
Consolidation of financial accounts in one place
Review of account activity to determine fees and service levels
Restriction on account access
Notice informing account holders of restricted access
Process of matching account records to identify discrepancies
Statement used to ensure accuracy in accounts
Amount owed to suppliers
Ratio measuring how effectively credit sales are collected
Summary of transactions in a financial account
Pension benefit earned to date
