Receiving something of value in exchange for an obligation to pay back something of usually greater value at a particular time in the future.
Receiving something of value in exchange for an obligation to pay back something of usually greater value at a particular time in the future.
The part of a company's capital employed that is (1) not equity capital, (2) earns a fixed rate of interest instead of dividends, and (3) must be repaid within a specified period, irrespective of the company's financial position.
Taxation: Money or property the inclusion of which converts a non-taxable exchange into a taxable one, to the extent of its fair market value or the gain realized on transfer.
Manual-accounting ledgers to which the financial data from the 'books of original entry' is transferred. In computerized-accounting, data is entered only once and is automatically reflected in all associated 'books.'
Journals, ledgers, and other classified records comprising a firm's set of accounts.
An accounting term that measures the intrinsic value of a single share of a company's stock. Book value is calculated by totaling the company's assets, subtracting all debts, liabilities, and the liquidation price of preferred stock, then dividing the result by the number of outstanding shares of ...
The total accounts receivable minus the allowance for uncollectible accounts (bad debt). Also called the book value of accounts receivable.
