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A
Abandoned Option
An abandoned option is where an option is neither sold nor exercised, but allowed to lapse at expiry...
Absolute Physical Life
This is the period of use after which an asset has deteriorated to such an extent that it can no lon...
Absolute Priority
This is a term for a rule in bankruptcy proceedings that requires senior creditors to be paid in ful...
Absorbed
Used in context of general equities. Securities are "absorbed" as long as there are corresponding or...
Accelerated Depreciation
Any depreciation method that produces larger deductions for depreciation in the early years of an as...
Acceleration Clause
A contract stating that the unpaid balance becomes due and payable if specific actions transpire, su...
Acceptance
The writing of the word 'accepted' on the face of a bill of exchange by the drawee together with his...
Accepting House
In the UK, an organisation, usually a merchant bank, which accepts or guarantees bills of exchange....
Access
This was a former credit card system that was sold to Mastercard, who then chose to discontinue the ...
Accident Insurance
Insurance which pays benefits in the event of an accident. Items typically covered are medical expen...
Accidental Death Insurance
An insurance policy which pays a lump sum in the event of death of the insured being caused by an ac...
Account
In the context of bookkeeping, refers to the ledger pages upon which various assets, liabilities, in...
Account Balance
The sum of all credits minus debits at the end of a reporting period....
Account Party
The party who applies to open a bank for the issuance of a letter of credit....
Account Payee
Also referred to as 'account payee only'. In UK banking, this means: words written on the face of a ...
Account Reconciliation
The process of reviewing and adjusting of the balance in a personal chequebook to match your bank st...
Account Sale
A statement by a commodity broker to a client when a futures transaction is closed out. Sometimes re...
Accounting Earnings
Accounting earnings are the earnings of a firm as reported on its income statement....
Accounting Insolvency
Total liabilities exceed total assets. A company with a negative net worth is insolvent on the books...
Accounting Liquidity
Refers to the ease and quickness with which assets can be converted to cash....
Accounting Reference Date
The date to which accounts are made up for a company. When a company is incorporated, it will usuall...
Accounting Standards Board
This is a UK body that sets accounting standards. A subsidiary body of the Financial Reporting Counc...
Accounts Payable
Amounts owed by an organisation or individual to another for goods or services it has received....
Accounts Receivable
Amounts due to an organisation or individual from another for goods or services it has supplied....
Accounts Receivable Financing
A short-term financing method in which accounts receivable are used as collateral for cash advances....
