This is the value of a fixed asset, such as a building or machine, as recorded in an organisations books. Investment terms glossary of terms online report consulting group the change in a financial instrument. Accountant a person who trained to prepare and maintain financial records. So called because assets must equal or in other words be in. This glossary of terms has been produced to aid beginning traders in the challenging task of becoming familiar with new vocabulary and terminology. The accounting officer for a government department is usually the permanent secretary. The equation that is the basis of the balance sheet. This glossary of common financial terms was created and is used by the bureau for translating consumer education materials from english to chinese. Books of account these are the books which a business must keep to record its financial transactions accurately.
An undergraduate program that terminates in the awarding of a postbaccalaureate degree or the simultaneous awarding of a baccalaureate and post baccalaureate degree. Glossary of business terms adjective adj headwords for adjectives followed by information in square brackets only before a noun and not before a noun show any restrictions on where they can be used. A form of corporation, allowed by the irs for most companies with 35 or fewer shareholders, which enables the company to enjoy the benefits of incorporation but be taxed as if it were a partnership. Working on this glossary, we went through many authoritative glossaries to pick up the useful contemporary words for the readers of this. Wright, director of the thomas willing institute for the study of financial markets, institutions, and regulations and the nef family chair of political economy, augustana college sd this work is. The annuitant and the annuity owner arent necessarily the same person.
Glossary of public finance terms 5 tions pursuant to section 265b of the internal revenue code in any calendar year. When firms make purchases on credit, the money owed is recorded as accounts payable. A record that holds the results of financial transactions. The form usually provides for acceptance of offered aid, possible declination of all or part of offered aid, and some means of requesting an appeal, if that is desired, to modify the award. From 401ks to zerosum investments, the glossary is an evolving reference for investors and. Property tax property tax is paid by owners and assessed by the local authorities. A contract between sba and the borrower that spells out the terms and conditions of the loan.
A taxadvantaged savings plan designed to help families save money for future educational costs. This glossary focuses in particular on financial terms relevant to the uk government. A comprehensive glossary is a valuable reference tool that can be used when attending seminars, watching or listening to financial programs and reading financial market material. This financial glossary gives better, more precise, and simpletounderstand meanings of financial terminology. Individuals sometimes use accountants for tax returns. This article is an attempt to create a glossary of financial terms, which is both compact as well as comprehensive. Glossary of important business, economic, and financial history terms by robert e. A contract between an independent living resident and a property manager that.
The forbes financial glossary defines hundreds of finance terms to help you decode the puzzle. Glossary of general terms and jargon accountant a professional who maintains accounts for businesses and individuals. Target retirement funds glossary of financial terms 2 ssar finania terms 457b and 401a plans retirement plans established by your employer so employees can contribute a certain percentage of wages earned into a taxdeferred account to save and invest for retirement. It has been compiled as an annotated text, building on material from a variety of sources and adapting it to the field of economics and. Earnings within the 457b and 401a plans accrue on a taxdeferred basis. Basic investment terms annuity a financial product sold by financial institutions pay out a stream of payments to the individual at a later point. It is usually the amount paid for the asset less an amount for depreciation.
An actuary is an expert on pension scheme assets and liabilities, life expectancy and probabilities for insurance purposes the likelihood of things happening. Glossary of terms glossary of terms annual percentage rate apr the interest rate charged, expressed as a percent per year, for the use of credit assets possessions that have economic value some of which may provide an economic andor financial return atm automated teller machine. This az pocket guide to understanding financial terms is just one of the achievements of ebss partnership with nala. Glossary of mutual fund and other related financial terms adviser. As a resource for conference attendees, nic has compiled this glossary of frequently used real estate and financial terms in the seniors housing and skilled nursing industry. Promissory note a promissory note is a legal agreement that specifies the terms of a financial transaction so that money is payable on a certain date or on demand.
Glossary of investment terms agency securities securities issued by u. A slang term used to refer to something favorable that has happened in business. The written acknowledgment by the student of receipt of an award letter. This glossary provides in one place a list of key terms with simple explanations of the ways in which they are technically used. The cfpbs glossary of english chinese financial terms. Wright, director of the thomas willing institute for the study of financial markets, institutions, and regulations and the nef family chair of political economy, augustana college sd this work is not ed. Pdf account payable an amount due for payment to a supplier of. If there are termsacronyms you recommend be added, please email. This glossary contains terms you may find useful when teaching youth financial literacy. This publication, a glossary of public finance terms for.
Amortization amortization is a decrease in the value of assets with time, which is normally the useful life of tangible assets. Organizations qualifying under this section include religious, educational, charitable, amateur athletic, scientific or literary groups, organizations testing for public safety or. The idea of writing a guide like this was conceived when i first taught an introductory finance course at the university of saskatchewan in 1992. Glossary of financial terms sydney financial planning. Glossary of financial terms and definitions wealth how. However, since banking is a significant part of our business and personal life, it is useful for consumers to learn some common banking terms.
Glossary of finance terms national association of counties. A period of time which conforms to a commonly accepted. Regulatory reform also brought with it an alphabet soup of acronyms and terms with which we all have had to become familiar. Net production is the companys share of total production after deducting both royalties paid to landowners and a governments agreedupon share of production under a psc. List of important banking terms download in pdf banking terms and concepts are many and can sometimes be difficult to figure out, even for the industry professionals. While lecturing on certain topics, i would occasionally observe puzzled faces upon mentioning some basic financial terms.
Government agencies, such as the federal home loan bank. Broker an agent who handles the publics orders to buy and sell securities, commodities or other property. Pdf on jan 1, 2001, roger stern and others published oecd glossary of statistical terms find, read and cite all the research you need on researchgate. Noun n the codes c and u show whether a noun, or a particular sense of a noun, is countable an agenda, two agendas or uncountable. An actuary is an expert on pension scheme assets and liabilities, life expectancy and. The account value is a total value that is expressed in monetary terms. The a to z of financial terms plain english campaign. This brief glossary is intended to serve as a helpful summary of frequently used terms. Pdf glossary of financial terms bond download pdf glossary of financial terms bond read online his glossary defines various budgetary and economic. County officials, should become a resource for all county leaders.
The bureau is publically sharing it in an effort to further the accessibility of financial information to limited english proficiency persons. Anyone, anywhere, can open a pdf file, as long as they have the free acrobat reader software. Capital asset an economic resource that is owned or controlled by an entity or person. Financial terms glossary consumer financial protection. A financial security whose payments are derived solely. Agent the insurance company representative who sells policies on behalf of the insurer. A laymans guide to financial terms utsc university of toronto. Phone 2015680249 glossary of utility finance and accounting terms used in our seminars letters in parenthesis, preceding the definition, identify the sources used in compiling the glossary.
Finding an integrated list of financial terms and definitions is only comprehensively possible with the aid of a financial dictionary. The bureau is publically sharing it in an effort to further the accessibility of financial information to limited english proficient persons. This brief glossary is intended to serve as a helpful summary of. Capital gain an increase in the value of a capital asset, calculated. Some examples include cash, securities and real estate. Glossary financial and banking terms a nongaap fnancial measure used to assess allowance for credit losses. Glossary of financial terms clute wealth management. The most comprehensive investing glossary on the web. A yearly report or record of the financial position and operations of an investment or company. Financial accounting a term usually applied to external reporting by a. The time you spend contributing to your annuity is the accumulation phase. Accounts payable accounts payable refers to the amount the snp owes, but has not yet paid, for goods delivered and services.
Accounting a system for keeping score in business, using dollars. Financial manager top level professional who may have final responsibility for aspects of a business financial activity accountant professional who produces and examines financial records, prepares financial reports and tax returns. A service that oversees, measures, and evaluates financial information for decision making purposes. Total allowance for credit losses consists of counterpartyspecifc, collectively assessed allowance for. Glossary financial and banking terms adjusted results. The amount due depends on the value of land and real estate. Acknowledge indicates the acceptance of a document, agreement, proposal or a negotiable instrument by authenticating it with the help of a seal or a signature. In operation, the branch account on the home office books will be debited when the home office account on the branch books is credited, and vice versa.
Glossary of insurance terms actuary a professional trained in the mathematics of insurance and risk management, including the calculations of premiums, policy reserves and other values. Terms for the updated glossary have been compiled from other entities, including the federal housing finance agency, department of. In this section, we have listed the a to z of definitions in order to demystify the sometimes confusing world of finance for you. Naco is committed to helping counties meet these challenges. For example, an employee receiving a raise may reply with the words cool beans, upon receiving the news. This glossary of common financial terms was created and is used by the bureau for translating consumer education materials from english to spanish. These securities have high credit ratings but are not backed by the full faith and credit of the u.
Mortgage dictionary adjustablerate mortgage an adjustablerate mortgage arm is a product with a floating or variable rate that adjusts based on some index. An independent agent represents more than one company. Such bonds are more marketable, and thus price better in the market, because certain financial institutions that purchase the bonds are given more favorable tax treatment on money they are deemed to have borrowed to carry. The bureau created a glossary translating common financial terms into spanish in october 2015 and has updated it in 2018 with additional terms. Assets resources with economic value owned by a company, fund, or individual. These terms are used throughout the classroom activities and can help students better understand financial literacy concepts. Pdf the dictionary of financial and economic terms is the first dictionary that is entirely dedicated to providing concise definitions and simple. Businesses use accountants for services such as maintaining financial records, tax affairs and payroll services. It is by no means comprehensive, and should be read with our. A nongaap financial measure used to assess each of the. Having launched it originally in 2004 we have now updated it with modern. This glossary is for anyone who wants and needs to learn the terms related to the field of money and banking. Accounting officer the senior official ultimately responsible for all spending of a government department or arms length body.
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