Hi , my name is Emmanuel Fengy Vaval. I am a student at Ahuntsic college studying accounting. And for my english we had to find some words who have a meaning in our field of study. I choose some words which I personally had to learn their meaning.
capital
noun
Money and possessions, especially a large amount of money used for producing more wealth or for starting a new business.
Example: Merger would increase the CAPITAL available and lead to more investments and more product developments.
fr: Capital
cash cycle
noun
A working capital metric which expresses how many days it takes a company to convert cash into inventory, and then back into cash via the sales process.
fr: cycle de trésorerie
cash flow
noun
Refers to the net amount of cash and cash equivalents being transferred in and out of a company.
Example: NPV using a discount rate of 10% in 5 years horizon Since the discount rate is reduced to 10%, while the time considered remains at 5 years, NPV in all 3 projects should be expected to improve since the CASH FLOW after discounting in each year should be higher.
fr: des flux de trésorerie
charge off
noun
A debt, for example on a credit card, that is deemed unlikely to be collected by the creditor because the borrower has become substantially delinquent after a period of time.
fr: amortir
current assets
noun
Ash and other assets that are expected to be converted to cash within a year.
Example: Liquidity is an area of concern with short term debts increasingly outweighing CURRENT ASSETS.
fr: actifs circulants
debtor
noun
A person or institution that owes a sum of money.
Example: The DEBTORs turnover decreased just a bit from 10.1 to 9.71, while DEBTOR collection days and creditor payment period, whose data may be not reliable, all extended.
fr: débiteur
discount
noun
A reduction made from the gross amount or value of something.
Example: Pat commented that much of his profit is generated by selling value added products to his customers, such as hay, routine medicines and bedding all of which he buys in bulk at DISCOUNT prices but offers to his customers at slightly cheaper prices than they could find elsewhere.
fr: remise
equity
noun
The value of the shares issued by a company.
Example: Another way to obtain the cost EQUITY is by computing the PV of the firm's expected dividend payments, but then again an estimate of the firm's dividend yield and growth would be required.
fr: équité
functional currency
noun
Currency of the country (called the “primary environment”) in which a firm conducts its business
activities and generates most or all of its income and expenses.
Example: A British subsidiary of a US parent firm will declare that the pound is its functional currency, into which any foreign-currency income is translated.
fr: monnaie fonctionnelle
interest
noun
A charge for a loan, usually a percentage of the amount loaned.
Example: Thus, a low sensitivity of money demand to income (d1) and a high sensitivity of money demand to INTEREST rate (d2) contribute to a more effective fiscal policy.
fr: intérêt
liability
noun
An obligation that legally binds an indi- vidual or company to settle a debt.
Example: Nevertheless, the shareholders with different tax LIABILITY do not necessarily have the same preference.
fr: responsabilité
loan
noun
A thing that is borrowed, especially a sum of money that is expected to be paid back with interest.
Example: If the costs of default (Z ) are less than the principal plus interest of the LOAN contract (LR ) dishonest agents default.
fr: prêt
mortgage
noun
A legal agreement by which a bank or other creditor lends money at interest in exchange for taking title of the debtor's property, with the condition that the conveyance of title becomes void upon the payment of the debt.
Example: Speech by the Governor of the National Bank of Denmark, at the Annual Meeting of the Association of Danish MORTGAGE Banks, Copenhagen, 11 April 2002.
fr: hypothèque
net earnings
The total revenue in an accounting period minus all expenses during the same period .
Example: Each person's net income is then added together to calculate net income for child support purposes.
fr: bénéfice net
opening balance
noun
The new amount on their balance sheet after financial statements are completed.
fr: solde d'ouverture
shareholder
noun
An owner of shares in a company .
fr: actionnaire
solvency
noun
The ability to meet maturing obligations as they come due .
Example: The necessary condition for SOLVENCY: This says that in a world where the nominal interest rate, r, exceed the nominal growth rate of the economy, x, the government must make sure that the primary budget (g-t) has a surplus or that money creation is sufficiently high to stabilise the debt-GDP ratio.
fr: solvabilité
stock
noun
The capital raised by a business or corporation through the issue and subscription of shares .
Example: Rappaport & Mark L.Sirower (1999), " STOCK or Cash?", Havard Business Review, 147-158.
fr: Stock
tangible asset
Equipment, machinery, plant, property that has long-term physical existence or is acquired for use in the operations of the business and not for sale to customers .
fr: immobilisation corporelle
tax
A compulsory contribution to state revenue, levied by the government on workers’ income and business profits or added to the cost of some goods, services, and transactions .
