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!
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An allowance against profits given for tax purposes in respect of expenditure on fixed assets.
The amount of long-term funds invested in or lent to a business and used by it to carry out its operations.
A method of accounting that shows expenses and income only when actually paid or received.
Income inflows and expenditure outgoins over a specific period of time.
A calculation of the amount of liquid funds that will be available to a company for the performance of its transactions, normally looking to the future.
A lease in which the Lessee has entered into the lease transaction for business or commercial purposes (also referred to as a business lease).
Intro to Commercial Mortgages
Interest calculated on the sum of the principle plus accrued interest due at the date of calculation.
A promise to do something or that certain facts are true.