Break Even Point
The level of sales at which total revenue equals total costs, meaning the business makes no profit but also no loss. It’s a key metric for planning, pricing, and assessing risk. Once past the break-even point, every additional sale contributes to profit.
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Book Closure
A temporary suspension period during which a company’s share transfer books are closed. It determines eligible shareholders for dividends, rights…
Bank Draft
A payment instrument issued by a bank guaranteeing payment to a specified party. It is commonly used for secure transactions…
Bank Guarantee
Bank guarantee is a promise issued by a bank ensuring that a debtor’s obligations will be met if they default.…
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