Business Finance Services - Glossary

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Financial Services Glossary

The 'language of finance' can be daunting. We therefore thought that a simple explanation of many of the terms might be helpful, so here goes!


Glossary Index

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AllAccounting TermsBanking Terms


Accounting bases
The (sometimes alternative) methods that have been developed for applying basic accounting concepts to business transactions and for measuring certain items in the accounts, e.g. various methods for calculating depreciation of fixed assets.

Accrued income
Income earned but not yet received

Accrued Interest
Interest due but not yet paid.

Acid Test
The ratio between current assets (Less inventory) and current liabilities as shown on the balance sheet. This test gives some indication of a entity's liquidity.

Affidavit

Agreement

APR

Asset
Any property or rights owned by a company that have monetary value.