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Working capital loan: A short-term loan that is expected to be repaid from collections of accounts receivable. Maturity date: date when the loan is to be repaid. Revolving line of credit: A loan on which regular payments are to be made but which can be quickly increased up to a predetermined limit as additional funds must be borrowed. Note payable: a liability that arises from issuing a note; a formal promise to pay a stated amount at a stated date, usually with interest at a stated rate and sometimes secured by collateral. Can be short-term or long-term. Prime rate: is the term frequently used to express the interest rate on short-term loans. Proceeds: the amount of cash received in a transaction. Discount on Short-Term Debt account is a contra liability, classified as a reduction of Short-Term Debt on the balance sheet. Verspreiden niet toegestaan | Gedownload door Jordevie Uvs ([email protected])lOMoARcPSD
Current Maturities of Long-Term Debt: Principal payments on long-term debt that are scheduled to be paid within one year of the balance sheet date. Unearned revenue/deferred credit: A liability arising from receipt of cash before the related revenue has been earned. Gross pay: the total earnings of an employee for a payroll period. Net pay: Gross pay less payroll deductions; the amount the employer is obligated to pay to the employee. FICA tax. Financial leverage: refers to the difference between the rate of return earned on assets and the rate of return earned on owners’ equity.Bond/Bond payable: A long-term liability with a stated interest rate and maturity date, usually issued in denominations of $1000. Face amount: the principal amount printed on the face of the bond. Bond premium: the excess of its market value over its face amount; when a bond has a market value greater than its face amount. Bond discount: the excess of the face amount over market value. ROI: Income from operations / Assets ROE: Net income / Owners’ equityCallable bond: the issuer pay off the bonds before the scheduled maturity date. Bond indenture: contract between issuer and bondholders. Trustee of bond: often a bank trust department. Registered bonds: the name and address of the owner of the bond is known to the issuer. Coupon bond: owner not known to the issuer. Debenture bonds: are bond that are secured only by the general credit of the issuer and thus are considered to be unsecured debt securities because they are not secured by specific assets. Mortgage bonds: are secured by a lien against real estate owned by the issuer. Collateral trust bonds: are secured by the pledge of securities or other intangible property. Term bonds: require a lump-sum repayment of the face amount of the bond at the maturity date. Serial bonds: are repaid in installments. Convertible bonds: may be converted into stock of the issuer corporation at the option of the bondholder. Deferred tax liabilities: are provided for temporary differences between income tax and financial statement recognition of revenues and expenses. Verspreiden niet toegestaan | Gedownload door Jordevie Uvs ([email protected])lOMoARcPSD