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Glossary

2023.11.03

CoinRank Finance Dictionary : Encumbered

Learn about Encumbered assets, used as collateral for loans, and their significance in financial transactions, risk assessment, and lending decisions.

2023.11.03

CoinRank Finance Dictionary : Employee Share Schemes

Explore Employee Share Schemes, initiatives that enable employees to buy shares in their company, fostering ownership, motivation, and commitment.

2023.11.03

CoinRank Finance Dictionary : Drawings

Explore the concept of Drawings, representing personal expenses paid from a business account, and its significance in financial management and accounting.

2023.11.03

CoinRank Finance Dictionary : Double-Entry Bookkeeping

Learn about Double-Entry Bookkeeping, a method that records financial transactions as debits and credits, ensuring accurate and balanced accounting records.

2023.11.03

CoinRank Finance Dictionary : Discount

Explore the concept of a Discount, a price reduction applied to full-priced goods or services, used to attract customers, boost sales, and enhance loyalty.

2023.11.03

CoinRank Finance Dictionary : Disbursements

Explore Disbursements, the financial transactions involving the allocation of funds by a business, crucial for financial management and maintaining operational stability.

2023.11.03

CoinRank Finance Dictionary : Depreciation

Discover Depreciation, a critical accounting practice that systematically allocates an asset's cost over its useful life, impacting financial reporting and tax considerations.

2023.11.03

CoinRank Finance Dictionary : Default

Learn about Default, a financial term denoting the failure to meet loan or debt obligations, and its potential consequences, including legal actions and credit score impact.

2023.11.03

CoinRank Finance Dictionary : Debtor

Learn about a Debtor, an individual or business obligated to repay a financial debt to another party, and the significance of the debtor-creditor relationship in financial and legal domains.

2023.11.03

CoinRank Finance Dictionary : Cash Incoming

Explore Cash Incoming, the monetary inflows that sustain businesses, including sales income, investments, and loans. Learn how it influences financial stability and growth opportunities.

2023.11.03

CoinRank Finance Dictionary : Debt Finance

Explore Debt Finance, the external funding provided by lenders like banks and building societies. Learn how this financial arrangement serves diverse purposes and the importance of understanding its implications for responsible financial management.

2023.11.03

CoinRank Finance Dictionary : Debt Consolidation

Learn about Debt Consolidation, a financial strategy that combines multiple debts to secure more favorable terms, reducing the financial burden and simplifying debt management.

2023.11.03

CoinRank Finance Dictionary : Debt

Explore the concept of Debt, which encompasses various financial obligations, including bills, loan repayments, and income tax liabilities. Learn about the significance of responsible debt management in personal finance and business operations.

2023.11.03

CoinRank Finance Dictionary : Debit

Discover the significance of a Debit in double-entry bookkeeping, where it represents asset or expense increases. Understand its role in maintaining balanced financial records and generating financial statements.

2023.11.03

CoinRank Finance Dictionary : Current Liability

Explore Current Liabilities, short-term financial obligations requiring payment within a year. Learn about their significance in financial management and maintaining liquidity.

2023.11.03

CoinRank Finance Dictionary : Current Asset

Learn about Current Assets, financial resources swiftly convertible to cash within a year, essential for meeting short-term financial obligations and sustaining daily business operations.

2023.11.03

CoinRank Finance Dictionary : Crowdfunding

Explore the concept of Crowdfunding, a method of financing business ideas through public donations, typically conducted online via crowdfunding websites. Learn how it fosters entrepreneurial initiatives and fosters financial support from a broader audience.

2023.11.03

CoinRank Finance Dictionary : Credit Rating

Discover the concept of Credit Rating, an evaluative score reflecting the creditworthiness of individuals or businesses based on their financial history. Understand its crucial role in lending decisions and financial transactions. Visit ASIC's MoneySmart website for more information on credit ratings.

2023.11.03

CoinRank Finance Dictionary : Credit Limit

Explore the concept of a Credit Limit, the monetary boundary for credit card use and loan accessibility. Understand its role in financial management and creditworthiness.

2023.11.03

CoinRank Finance Dictionary : Credit

Explore the concept of Credit, a financial arrangement enabling deferred payment for goods and services. Understand its varied forms and the importance of prudent management in financial well-being.

2023.11.03

CoinRank Finance Dictionary : Creditor

Understand the concept of a Creditor, a party that extends credit for goods or services or to whom a debt is owed, and the various forms they can take, including suppliers, lenders, and individuals.

2023.11.03

CoinRank Finance Dictionary : Cost of Goods Sold

Explore Cost of Goods Sold (COGS), the sum of direct expenses related to goods production or service delivery. Understand its significance in determining gross profit and its role in operational efficiency and pricing strategies.

2023.11.03

CoinRank Finance Dictionary : Contingent Liability

Understand Contingent Liability, a financial obligation dependent on specific, uncertain events, and its importance in financial risk assessment and disclosure.

2023.11.03

CoinRank Finance Dictionary : Commercial Bill

Explore the concept of a Commercial Bill(or Bill of Exchange), a financial instrument tailored for short-term commercial loans. Understand its features, including interest terms and security requirements, and how it serves businesses' short-term financing needs.

2023.11.03

CoinRank Finance Dictionary : Chattel Mortgage

Discover Chattel Mortgage, a business financing arrangement where ownership of the asset begins from the start. Learn how it combines regular payments with the flexibility of a final 'balloon' payment, allowing businesses to acquire assets while preserving cash flow.

2023.11.02

CoinRank Finance Dictionary : Chart of Accounts

Learn about the Chart of Accounts, a structured index of accounts that classifies transactions into categories like assets, liabilities, income, and expenses. Discover its significance in maintaining financial accuracy and generating comprehensive financial statements.

2023.11.02

CoinRank Finance Dictionary : Cash Outgoing

Discover Cash Outgoing, the financial outflows necessary for businesses, including operating costs, salaries, and loan repayments. Understand how it influences financial sustainability and cost control.

2023.11.02

CoinRank Finance Dictionary : Cash Flow

Understand the significance of Cash Flow, a vital financial metric that assesses the real movement of funds within a business, offering insights into liquidity, financial stability, and investment decisions.

2023.11.02

CoinRank Finance Dictionary : Cash Book

Learn about the Cash Book, a daily record of cash, credit, and cheque transactions in businesses, essential for tracking cash flow, financial management, and reporting.

2023.11.02

CoinRank Finance Dictionary : Cash Accounting

Explore Cash Accounting, an accounting approach that records transactions upon the actual receipt of payments, offering simplicity and a real-time view of cash flow for small businesses and individuals.

2023.11.02

CoinRank Finance Dictionary : Cash

Explore the concept of Cash, encompassing various forms of liquid monetary assets, vital for everyday financial transactions and liquidity management in personal finance, businesses, and financial institutions.

2023.11.01

CoinRank Finance Dictionary : Capital Growth

Explore Capital Growth, the augmentation in an asset's value over time, essential in investments and wealth accumulation.

2023.11.01

CoinRank Finance Dictionary : Capital Gain

Explore Capital Gain – realized profit from selling assets above the purchase price. Learn its significance in investments and potential tax implications.

2023.10.30

CoinRank Finance Dictionary : Capital Cost

Learn about capital costs - significant, one-time expenses for assets like equipment, land, and buildings. Vital in finance and investment.

2023.10.30

CoinRank Finance Dictionary : Capital

Learn about 'Capital' in economics and business – the wealth in money and assets used to drive economic growth and business activities.

2023.10.25

CoinRank Finance Dictionary : Budget

Optimize financial planning with a budget—your roadmap for planned income and expenditures, fostering efficiency and informed decision-making.

2023.10.25

CoinRank Finance Dictionary : Balloon Payment

Learn about balloon payments – final lump sums due on loans. Discover how loans with larger balloon payments provide lower regular repayments, impacting financial planning.

2023.10.25

CoinRank Finance Dictionary : Break-even Point

Explore the significance of the break-even point, a financial milestone where a business's revenue equals expenses, indicating neither profit nor loss. This insightful concept aids in decision-making, budgeting, and pricing strategies, applicable not only to businesses but also to projects and investments. Uncover the financial equilibrium critical for sustainable profitability and informed strategies.

2023.10.25

CoinRank Finance Dictionary : Bootstrapping

Achieve financial autonomy in business—bootstrapping fosters growth through personal funds and internal revenue, ensuring ownership control and sustainability.

2023.10.25

CoinRank Finance Dictionary : Bookkeeping

Elevate your business's financial clarity with precise bookkeeping—systematic recording for informed decisions and seamless regulatory compliance.

2023.10.25

CoinRank Finance Dictionary : Bill of Sale

Secure your asset transactions with a comprehensive bill of sale – a legally binding document detailing purchase specifics for transparency and protection.

2023.10.25

CoinRank Finance Dictionary : Benchmarking

Benchmarking is a strategic process that evaluates your business against industry peers, fostering improvement by adopting successful practices and enhancing efficiency, quality, and competitiveness.

2023.10.25

CoinRank Finance Dictionary : Benchmark

Discover the role of benchmarks – standards or criteria against which products, businesses, or services are measured. Essential for performance evaluation and continuous improvement.

2023.10.25

CoinRank Finance Dictionary : Bankruptcy

Navigate financial distress legally—bankruptcy empowers individuals by appointing a trustee to manage assets, offering a fresh start amid financial challenges.

2023.10.25

CoinRank Finance Dictionary : Bankrupt

Explore the concept of bankruptcy – a legal status for individuals unable to meet debts without creditor agreement. Learn about the legal processes and implications for financial recovery.

2023.10.25

CoinRank Finance Dictionary : Bank Reconciliation

Discover the significance of bank reconciliation – a meticulous cross-check ensuring alignment between your cashbook and bank statements. Vital for accurate financial records and fraud prevention.

2023.10.25

CoinRank Finance Dictionary : Bad Debts

Uncover the concept of bad debts – sums unlikely to be repaid soon. Learn how businesses manage this financial risk for accurate reporting and fiscal stability.

2023.10.25

CoinRank Finance Dictionary : Balance Sheet

Explore the significance of a balance sheet – a snapshot of a business's assets and liabilities, revealing its financial health and net assets. Essential for informed decision-making.

2023.10.17

CoinRank Finance Dictionary : Audit

Discover the significance of audits – precise examinations by auditors or tax officials ensuring accurate financial reporting. Enhance transparency and stakeholder confidence.

2023.10.17

CoinRank Finance Dictionary : Assets

Unlock future economic benefits with assets—current (cash, receivables, inventory) and non-current (PPE, intangibles, investments). Key to financial health and value creation.

2023.10.17

CoinRank Finance Dictionary : Amortisation

Explore the financial concept of Amortization, a strategic process distributing the cost of intangible assets over time. Enhance your understanding of accounting principles.

2023.10.17

CoinRank Finance Dictionary : Accrual Accounting

Enhance financial transparency with accrual accounting, recognizing revenue and expenses when incurred for a real-time snapshot of business finances. Unlike cash accounting, this method provides a nuanced and accurate portrayal, reflecting economic realities and fostering better financial planning across various sectors.

2023.10.17

CoinRank Finance Dictionary : Accounts Receivable

Optimize cash flow and financial stability with our comprehensive accounts receivable ledger. Effectively manage short-term accounts, track debtor invoices, and ensure timely payments for a robust financial future within a 12-month timeframe.

2023.10.17

CoinRank Finance Dictionary : Accounts Payable

Manage short-term financial obligations effectively with our comprehensive accounts payable ledger. Track and settle invoices, bills, and taxes within 12 months, ensuring transparency and fiscal responsibility for robust financial management.