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Financial Terms

Across
The difference between cash coming in and cash going out of a business over a daily, weekly, monthly, or yearly basis
legal process by which a person, business, or government entity unable to meet financial obligations by having the court divide any assets among creditors, freeing the debtor to begin anew
A financial report showing a firm’s sources and uses of cash
a corporation created by the Banking Act of 1933 and operates as an independent agency. It insures deposits against bank failure, maintains public confidence, and ensures stability in the system through the promotion of sound banking practices
Compares the costs and benefits of each potential course of action
agreement between a buyer and a seller that provides for delayed payment for a product or service
owner’s equity
electronically transferring funds from one account to another rather than using paper checks or cash transfers
used to record all expenses
Banking online
Items that can be converted into cash within a company’s operating cycle (usually one year)
Payment cards that deduct funds from a checking or savings account to pay for goods and services without the need to carry checks
Restatement of selected income statement and balance sheet data in relative terms
Owner's equity
the total amount of money received from the sale of goods or services, as well as from other business activities
Costs such as plant, equipment, stores, advertising, and land that remain fairly standard over time
Down
a reproduction of an actual signature that can be saved and inserted into electronic documents or can be added by imprinting or stamping
a convenient way to pay recurring expenses
mandates that every publicly-held company in the United States must issue an annual cash-flow statement in addition to the usual financial reports
Two or more consecutive quarter of decline in the GDP
A post office box that is accessible by the bank and is used by an organization that wants the bank to collect its account receivables
Business financing provided by creditors
an electronic unit that allows customers basic financial transactions such as deposits, withdrawals, and the ability to check cash balances