Terms starting with
Installment
Installment is a partial payment made on a schedule toward settling a larger debt or purchase. Installments break down the total into manageable chunks, often…
READ MOREInterim Financial Statement
Financial reports prepared for a period shorter than a full fiscal year typically quarterly or monthly. They provide stakeholders with timely updates on performance and…
READ MOREInternal Control
Policies and procedures designed to safeguard assets, ensure accurate financial reporting, and promote compliance with laws. Internal controls reduce the risk of fraud, errors, and…
READ MOREIntangible Asset
A non-physical asset that adds value to a business, such as trademarks, copyrights, patents, brand reputation, or goodwill. These assets can be purchased or developed…
READ MOREInterest
Interest is the cost of borrowing money, or the return earned on invested funds. It's usually expressed as a percentage (interest rate) of the principal.…
READ MOREInvestment
The allocation of money into assets, projects, or ventures with the expectation of generating income or value over time. Investments can include stocks, real estate,…
READ MOREInvoice
Invoice is a formal document sent to a customer requesting payment for goods or services provided. It details the amount owed, payment terms, due date,…
READ MOREInventory
Inventory is a goods a business holds for sale or use in production. It includes raw materials, work-in-progress, and finished goods. Inventory is a current…
READ MOREIncome
Income is a money a business or individual earns from activities like sales, services, investments, or wages. For businesses, income usually refers to revenue, which…
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