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| A document used to determine the cash flow of an individual or family. |
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| the cost required for something; the money spent on something. |
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| is the starting point for determining Federal and stateincome tax of individuals, corporations, estates and trusts, whether resident or nonresident. "Except as otherwise provided" by law, Gross income means "all income from whatever source," and is not limited to cash received. |
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| money received, especially on a regular basis, for work or through investments. |
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| A financial statement that measures a company's financial performance over a specific accounting period. Financial performance is assessed by giving a summary of how the business incurs its revenues and expenses through both operating and non-operating activities. |
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| a practice or arrangement by which a company or government agency provides a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a premium. |
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| the charging of real (or personal) property by a debtor to a creditor as security for a debt (especially one incurred by the purchase of the property), on the condition that it shall be returned on payment of the debt within a certain period. |
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The overall improvement observed in some measure after all positive and negative influences have been fully accounted for. For example, the net gain in the overall value of a business after a year of operation can be used to assess its annual growth level.
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| The result that occurs when expenses exceed the income or total revenue produced for a given period of time. For tax purposes, net losses in one time period can be used to counteract the income/gains generated in another time period. |
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an economy of or reduction in money, time, or another resource.
"this resulted in a considerable saving in development costs" |
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| a useful or valuable thing, person, or quality. |
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| An asset or item that is purchased with the hope that it will generate income or appreciate in the future. In an economic sense, an investment is the purchase of goods that are not consumed today but are used in the future to create wealth. |
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| the state of being responsible for something, especially by law. |
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| the amount for which something can be sold on a given market. |
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| Assets in which the right to receive a fixed or determinable amount of currency is absent. This feature distinguishes nonmonetary assets frommonetary assets such as cash, bank deposits, and accounts and notes receivable, which can be converted into a fixed or determinable amount of currency. |
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| is a concept applicable to individuals and businesses as a key measure of how much an entity is worth. |
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| statement of financial position |
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| that summarizes a company's assets, liabilities and shareholders' equity at a specific point in time. |
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| an abundance of valuable possessions or money |
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| a group of people living in the same place or having a particular characteristic in common. |
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| money derived from paid work. |
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| paid when purchases are made on a specific good, such as gasoline |
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| tax levied by a government directly on income, especially an annual tax on personal income. |
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a list of a company's employees and the amount of money they are to be paid. |
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| is a levy on property that the owner is required to pay. The tax is levied by the governing authority of the jurisdiction in which the property is located; it may be paid to a national government, a federated state, a county or geographical region, or a municipality. |
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| a tax on sales or on the receipts from sales. |
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| a compulsory contribution to state revenue, levied by the government on workers' income and business profits or added to the cost of some goods, services, and transactions. |
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| is cash or in-kind benefits that people receive without being required to perform work or service. |
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| A transactional deposit accountheld at a financial institution that allows for withdrawals and deposits |
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| a machine that automatically provides cash and performs other banking services on insertion of a special card by the account holder. |
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| a bank that offers services to the general public and to companies. |
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| is a secure method for consumers to purchase products or services via debit, credit or smartcards (also known as chip cards), by using RFID technology. |
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| a nonprofit-making money cooperative whose members can borrow from pooled deposits at low interest rates. |
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| a card issued by a bank allowing the holder to transfer money electronically to another bank account when making a purchase. |
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| is a financial institution in the United States (such as a savings bank, commercial bank, savings and loan associations, or credit unions) that is legally allowed to accept monetary deposits from consumers. |
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| money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt. |
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| the proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding. |
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