Business Finance Vocabulary Essentials

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Current Asset

Back

assets that either cash / likely to be turned into cash within 12 months

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Collateral security

Back

an assets which a business pledges to a lender and which must be sold off to pay a debt if the loan is not repaid

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Current liabilities

Back

debts that ussualy have to be paid within one year

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Liability

Back

Financial obligation

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Liquidity

Back

The ability of a business to pay its short term debts.

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Revenue

Back

Income from sales

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Microfinance

Back

financial service for poor and low income customers who do not have access to the banking services such as: bank loans.

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Profit

Back

Revenue minus expenses

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Cash Flow

Back

Movement of cash

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Balance Sheet

Back

Financial statement of position