Forex

Forex

Foreign Exchange The simultaneous buying of one currency and selling of another in an over-the-counter market. Most major FX is quoted against the US Dollar.

Industry: Economy

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Forex

Net profit can mean different things so it always needs clarifying. Net strictly means 'after all deductions' (as opposed to just certain deductions used to arrive at a gross profit or margin). Net ...

profit and loss account

Economy; Forex

One of the three principal business reporting and measuring tools (along with the balance sheet and cashflow statement). The P&L is essentially a trading account for a period, usually a year, but ...

quick ratio

Economy; Forex

Same as the Acid Test. The relationship between current assets readily convertible into cash (usually current assets less stock) and current liabilities. A sterner test of liquidity.

reserves

Economy; Forex

The accumulated and retained difference between profits and losses year on year since the company's formation.

return on investment

Economy; Forex

Another fundamental financial and business performance measure. This term means different things to different people (often depending on perspective and what is actually being judged) so it's ...

share capital

Economy; Forex

The balance sheet nominal value paid into the company by shareholders at the time(s) shares were issued.

accounting information system (AIS)

Economy; Forex

A system, typically computer-based, used for storing, collecting, and analyzing a company's financial and accounting data. Accounting information systems are generally used by executives to make ...