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Archive for May, 2011

Liquid

Definition: Having lots of cash or assets easily converted to cash. Read more

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Ledger

Definition: A record of business transactions kept by type or account. Journal entries are usually transferred to ledgers. Read more

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Goodwill

Definition: In accounting, it is the difference between what a company pays when it buys the assets of another company and the book value of those assets. Read more

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Arm’s Length Market

Definition: A financial market consisting of parties that have no relationship or contact with one another aside from the transaction at hand. Read more

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Bird-Death Ratio

Definition: A figure that represents the net number of jobs provided from newly started businesses (births) and business closings (deaths) during a period of time, typically a month in conjunction with government-sponsored jobs reports. Read more

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