Fixed Deposit
A financial instrument offered by banks where a sum of money is invested for a fixed term at a predetermined interest rate. It provides guaranteed returns and is recorded as an investment asset in accounting. Businesses use fixed deposits to park surplus funds while maintaining liquidity and earning steady interest.
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Finance Charge
The total cost incurred for borrowing money or using credit. It includes interest, service fees, and other related costs. In…
Foreign Exchange Gain or Loss
The financial impact resulting from changes in currency exchange rates during international transactions. When exchange rates fluctuate between the transaction…
Financial Leverage
The use of borrowed funds to increase the potential return on investment. While leverage can amplify profits, it also magnifies…
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