Business / Finance Glossary

Abusive Tax Shelter: A limited partnership that the IRS judges to be claiming tax deductions illegally.

Accelerated Cost Recovery System (ACRS): Schedule of depreciation rates allowed for tax purposes.

Accelerated Depreciation: Any depreciation method that produces larger deductions for depreciation in the early years of a asset's life. Accelerated cost recovery system (ACRS), which is a depreciation schedule allow . . . View Full Definition

Acceleration Clause: A contract stating that the unpaid balance becomes due and payable if specific actions transpire, such as failure to make interests payments on time.

Acceptance: Contractual agreement instigated when the drawee of a time draft 'accepts' the draft by writing the word 'accepted' thereon. The drawee assumes responsibility as the acceptor and for payment . . . View Full Definition

Accommodative Monetary Policy: Federal Reserve System policy to increase the amount of money available to banks for lending. See: Monetary policy.

Account: In the context of bookkeeping, refers to the ledger pages upon which various assets, liabilities, income, and expenses are represented. In the context of investment banking, refers to the st . . . View Full Definition

Account Balance: Credits minus debits at the end of a reporting period.

Account Executive: The brokerage firm employee who handles stock orders for clients. See: Broker.

Account Reconciliation: The reviewing and adjusting of the balance in a personal checkbook to match your bank statement.

Account Statement: In the context of banking, refers to a summary of all balances. In the context of securities, a summary of all transactions and positions (long and short) between a broker/dealer and a clien . . . View Full Definition

Accountants Opinion: A signed statement from an independent public accountant after examination of a firm's records and accounts. The opinion may be unqualified or qualified. See: Qualified opinion.

Accounting Earnings: Earnings of a firm as reported on its income statement.

Accounting Exposure: The change in the value of a firm's foreign currency-denominated accounts due to a change in exchange rates.

Accounting Insolvency: Total liabilities exceed total assets. A firm with a negative net worth is insolvent on the books.

Accounting Liquidity: The ease and quickness with which assets can be converted to cash.

Accounts Payable: Money owed to suppliers.

Accounts Receivable: Money owed by customers.

Page: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314