It also can be somewhat daunting, even if youve done it before. Banking services services such as checking accounts, savings accounts, automated teller machines and online banking provided by individual banks. Balance sheet a financial statement that shows the assets, liabilities and owners equity at a particular date. Improve your financial literacy with this dictionary of financial terms. The following glossary is designed to help nonfinance experts understand some of the terminology used in public agency financial management. This glossary contains all terms defined in the 24 accrual basis international public sector accounting standards ipsass on issue as at december 31, 2006. Examples of accounts payable include invoices for goods or services, bills for utilities and tax payments due. The glossary of direct investment terms and definitions 148k pdf file is based on the methodology for compiling foreign direct investment fdi set out in the international standards, namely, the fifth edition of the imfs balance of paymentws. Such bonds are more marketable, and thus price better in the market, because certain financial institutions that purchase the bonds are given more favorable tax treatment on money they are deemed to have borrowed to carry.
Italicized terms within the definitions are themselves defined elsewhere in the glossary, for crossreference. As collections management throughout the usgs expands, this list of terms will grow and definitions may change. This article is an attempt to create a glossary of financial terms, which is both compact as well as comprehensive. Wright, director of the thomas willing institute for the study of financial markets, institutions, and regulations and the nef family chair of political economy, augustana college sd this work is not ed. A laymans guide to financial terms utsc university of toronto.
When an applicant, affiliate, andor principal has another application filed for the same disaster for. Your pocket guide to understanding financial terms. Bhw glossary terms and definitions overview of the glossary. An adverse opinion happens when the financial statements are misleading and do not fairly represent a companys financial position. It provides concise definitions of 8,000 terms with 18,000 useful links. Financial terms and definitions page 3 the economic times. Some terms may be defined in multiple ways by different programs due to their authorizing statutes and or the nature of training activities offered. Please see the updates section for more information on any revisions. An actuary is an expert on pension scheme assets and liabilities, life expectancy and. Learn about common it terms, technical jargon and information technology definitions in our comprehensive glossary. Bond a contract between a borrower and a lender in which the borrower promises to pay the face value at maturity and to pay interest at a specified rate at regular. This glossary of common financial terms was created and is used by the bureau for translating consumer education materials from english to spanish. Investopedias comprehensive financial terms dictionary with over,000 finance and. A key concept in financial planning and money management.
This glossary provides in one place a list of key terms with simple explanations of the ways in which they are technically used. The most comprehensive investing glossary on the web. Glossary of important business, economic, and financial history terms. Ad valorem is a latin term meaning according to value. Youll see a very large number of files purportedly created on the last day of 1969, when there was no such thing as pdf. Non current assets any asset that does not meet the definition of a current asset.
It has been compiled as an annotated text, building on material from a variety of sources and adapting it to the field of economics and. Go through the glossary of financial terms and know the meaning of all financial terms through their definitions here at the economic times. Agent the insurance company representative who sells policies on behalf of the insurer. Use the free adobe acrobat reader to view pdf files. 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. Some terms may be defined in multiple ways by different programs due to their authorizing statutes andor the nature of training activities offered. Glossary of cost accounting terms established in sffas 4, managerial cost accounting concepts and standards for the federal government activity the actual work task or step performed in producing and delivering products and services. Poverty defined with respect to an absolute material standard of living. Finding an integrated list of financial terms and definitions is only comprehensively possible with the aid of a financial dictionary. These glossary terms and definitionsare intended to be educational and may be different from the terms and definitions in your plan. This guide provides easytounderstand definition and explanation of financial terms.
Financial statements documents presenting accounting information. The bureau is publically sharing it in an effort to further the accessibility of financial information to limited english proficiency persons. How to talk the talk buying a home can be exciting. The forbes financial glossary defines hundreds of finance terms to help you decode the puzzle. Glossary of public finance terms 5 tions pursuant to section 265b of the internal revenue code in any calendar year. Glossary of financial terms and definitions wealth how.
Glossary of important business, economic, and financial history terms by robert e. This glossary does not include terms defined in the cash basis ipsas, financial. The cfpbs glossary of english chinese financial terms. The definitions are written for older youth to adult reading levels, unless otherwise specified, and some. Certain financial terms often mean different things to different organizations depending on their own particular accounting policies. Glossary of terms glossary of terms annual percentage rate apr the interest rate charged, expressed as a percent per year, for the use of credit assets possessions that have economic value some of which may provide an economic andor financial return atm automated teller machine.
These glossary terms and definitions are intended to be educational and may be different from the terms and definitions in your plan or health insurance policy. An aggregation of actions performed within an organization that is useful for purposes of activitybased costing. Learn the most commonly used terms in finance, business and the stock market. Barter this is a way of paying for things, without using money, by exchanging goods. The cfpbs glossary of english spanish financial terms. Glossary of insurance terms actuary a professional trained in the mathematics of insurance and risk management, including the calculations of premiums, policy reserves and other values. Glossary of financial terms and definitions alphabetically.
Cash equivalents shortterm, highly liquid investments that are. This suggests that the dates are taken from the file description, not the pdf file itself. The purpose of this glossary is to provide definitions of terms that are. The definitions are written for older youth to adult reading levels, unless otherwise specified, and some include ageappropriate versions for younger ages. They are based on uk company balance sheet, profit and loss account, and cashflow statement conventions. Abstract of judgment a condensation of the essential provisions of a court judgment. Having launched it originally in 2004 we have now updated it with modern. Bank a state or federally chartered forprofit financial institution that offers commercial and consumer loans and other financial services. You will deal with mortgage options, credit reports, loan applications, contracts, points, appraisals, change orders. Measures net income or loss over a defined period of time. Pdf the dictionary of financial and economic terms is the first dictionary that is entirely dedicated to providing concise definitions and simple. A common vocabulary with clear definitions promotes effective communication.
Just because you passed an audit, it does not mean that your company is in good financial shape. Learn the language of paying for college with this comprehensive glossary of college finance terms. Paul sticht, professor of international business at duke university. This glossary of common financial terms was created and is used by the bureau for translating consumer education materials from english to chinese. This az pocket guide to understanding financial terms is just one of the achievements of ebss partnership with nala.
This glossary contains general definitions for terms that are used throughout bhw. One of the top five investment banks in new york, bear stearns was one of the. Accounts payable accounts payable refers to the amount the snp owes, but has not yet paid, for goods delivered and services. Accounts receivable a record of all shortterm less than 12 months expected. Noncurrent assets any asset that does not meet the definition of a current asset. The glossary contains also concise definitions in english to give our readers an.
The bureau is publically sharing it in an effort to further the accessibility of financial information to limited english proficient persons. Investopedias comprehensive financial terms dictionary with over,000 finance and investment definitions. Account a fiscal and accounting entity with a selfbalancing set of general ledger codes in which cash and other financial resources, together with all related liabilities and residual equities or. Glossary of health coverage and medical terms page 1 of 4 glossary of health coverage and medical terms this glossary has many commonly used terms, but isnt a full list. Abatement of nuisance extinction or termination of a nuisance. Accounting equation the relationship between assets, liabilities and ownership interest. Glossary of finance terms national association of counties. Glossary of financial terms clute wealth management. Financial terms and definitions the economic times. These financial terms definitions are for the most commonly used uk financial terms and ratios.
The glossary below is the most recent version as of september 10, 2019. Public agency financial management frequently involves terms that are unfamiliar to nonexperts, the definitions of which also involve other unfamiliar. Some of these definitions are based on external sources, adapted for this ppp certification guide. This information is proprietary, privileged and confidential and should not be distributed electronically or in any other means to those unauthorized to view university of illinois advancement content. Battered by the mortgagemarket downturn, lehman files for bankruptcylaw. This excellent guide will help ordinary people understand financial, tax and legal documents. The balance sheet is typically accompanied by notes that explain the organizations liquidity, debt. From 401ks to zerosum investments, the glossary is an evolving reference for investors and. Most community and family activities are also extracurricular. The glossary contains short definitions of terms you will find on this website and links to the relevant sections for more detailed descriptions. This includes our due process, our internal organisational structure and advisory bodies, and terminology related to our standards and interpretations. This information provides a succinct overview of the financial strength of an organization in terms of its liquidity, flexibility and short and longterm obligations or debt. The following terms and definitions are often associated with and provide a common, working language for adls educational antibias programs and resources. Know the glossary of financial terms and definitions alphabetically, which are most commonly use in indian finance.
This glossary contains nontechnical descriptions of all the terms in economics for everyone highlighted in small capitals. One of the main sources of financial dictionary is the financial glossary by campbell r. Glossary of health coverage and medical terms this glossary defines many commonly used terms, but isnt a full list. It will also help and encourage those who write such documents to. Glossary the following glossary of terms has been prepared by the authors. Bare trustee a bare trustee holds property on trust for another person until asked to return the property. A list of these ipsass is located on the inside back cover of the glossary. It terms glossary information technology definitions.