10 Terms
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General accounting
Use this category for general accounting terms.
Industry: Accounting
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General accounting
earnest money
Accounting; General accounting
A deposit paid to show good faith is termed as earnest money in accounting and this deposit enhances affiliation.
arbitrage
Accounting; General accounting
Taking advantage of countervailing prices in different markets by the purchase or sale of an instrument and simultaneous taking of an equal and opposite position in a related market to profit from ...
balance of payments
Accounting; General accounting
A record of transactions with the rest of the world over a particular time period. These include merchandise, services and capital flows.
back Office
Accounting; General accounting
The departments and processes related to the settlement of financial transactions (i.e. written confirmation and settlement of trades, record keeping).
derivative instruments
Accounting; General accounting
Financial instruments where the value or change in value is derived from an underlying instrument. Examples of derivative instruments include options, forwards and swaps. Derivative instruments are ...
depreciation
Accounting; General accounting
The systematic allocation of the depreciable amount of an asset over its useful life. The depreciable amount is cost less residual value.
