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Definition
| Unsecured loans sold to the public, usually through professionally managed investments firms, as a means of borrowing short-term funds. |
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Definition
| A legal obligation that does not meet the technical requirements for recongintion as a libaility. |
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Definition
| The interest cost for two or more periods when after each period, the interest of that period is added to the amount on which interest is computed in future periods. |
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Term
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Definition
| A potential liability that arises from a past transaction and is dependent on a future event. |
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Term
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Definition
| Debts and obligations that a company expects to satisfy within one year or within the normal operating cycle, whichever is longer. |
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Term
| Definitely determinable liabilities |
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Definition
| Current liabilities that are set by contract or statute and that can be measured exactly. |
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Term
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Definition
| Definite debts or obligations whose exact amounts cannot be know until a later date. |
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Definition
| The amount an investment will be worth at a future date if invested at compund interest. |
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Definition
| The cost of using money for a specific period. |
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Definition
| An arrangement with a bank that allows a company to borrow funds as needed. |
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Definition
| Debts and obligations due beyond one year or beyond the normal operationg cycle. |
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Term
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Definition
| A series of equal payments made at the end of equal intervals of time, with compound interst on the payments. |
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Definition
| The amount that must be invested today at a given rate of interest to produce a given future value. |
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Term
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Definition
| Compensation of employees at a monthly or yearly rate. |
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Term
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Definition
| The interest cost for one or more periods when the amount on which the interest is computed stays the same from period to period. |
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Term
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Definition
| The cost or benefits derived from holding or not hoding money over time. |
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Term
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Definition
| Revenues received in advance for goods or services that will not be delivered during the current accounting period. |
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Term
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Definition
| Compensation of employees at an hourly rate. |
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Term
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Definition
How long, on average, a company takes to pay its accounts payable,
365 ÷ Payables Turnover. |
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Term
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Definition
The number of times, on average that a company pays its accounts payable in an accounting period;
(Cost of Goods Sold +/- Change in Merchandise Inventory)
÷
Accounts Payable. |
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