My glossary project is about my future job in the finance world. The finance is all about numbers, money, mortgage, investment. The goal of what I want to do, stock market investor. It's to make money for myself and my clients. But, if want to be the best possible, you need to understand all of the words of this aspect and understand it. That's what my Glossary project is all about.
Account payable
noun
Accounts payable is the money that a business owes to other entities for provided goods or services.
Example: when a business has received a good or service, often bought on credit, but has not yet paid for it.
en: Compte à payer
Account receivable
noun
Accounts receivable is the money that clients or customers owe a business for products or services provided to them. It means that the business has made a sale but has not yet received payment for it.
Example: A debt that a client have for a company after he had bought something there.
en: Créances clients
Asset
noun
An asset is an item with economic value that an entity owns and appears on businesses' balance sheets. Current assets, also called liquid assets, represent assets that owners can easily and quickly convert into cash, often within a year.
Example: Having a house or a real estate building
en: Actif
balance sheet
noun
A balance sheet is one of the three core financial documents created by businesses. It represents an organization's financial position at a certain point in time by displaying its assets, liabilities and shareholders' equity.
en: Bilan financier
budget
noun
A budget is a financial plan developed by an entity that determines how much money they will spend over a particular period. When creating budgets, individuals and businesses often consider factors such as income, assets and liabilities.
Example: A financial plan
en: budget
Capital gains
noun
Capital gains are the increase in value of an asset or investment above its initial purchase price. It represents the difference between how much something is currently worth and how much it was worth when purchased.
Example: you bought a stock at 3,50$ and you own 125 shares, the price of the stock increase by 50%. That means that your capital gains is 218,75$
en: Gains en capitaux
Cash slow statement
noun
A cash flow statement is the third core financial document for businesses. This document reflects the movement of money in and out of a business over a particular period.
Example: If more money flows into the business than out of it, the business is cash-flow positive.
en: Tableau des flux de trésorie
Compound interest
noun
Compound interest is the amount of interest earned on a loan or deposit based on the initial amount plus the interest accumulated over time.
Example: As a result, a debt or deposit with compound interest grows at a faster rate than simple interest.
en: Intérêts composés
Credit
noun
Credit is a contractual agreement in which a lender loans money to a borrower, understanding that the borrower will repay it later. A borrower can demonstrate their trustworthiness in numerous ways, such as paying back their credit in full and on time consistently.
Example: Credit card is the most common example
en: Crédit
Expenses
noun
Expenses are the costs of operating a business and are related to generating revenue or just how much your life cost you if you don't have a company.
Example: rent, utilities, employee wages and marketing costs
en: Dépenses
FICO score
noun
A FICO score is a three-digit number that measures an individual's trustworthiness to pay back loans or debts. This concept, also called a credit score, demonstrates the individual's creditworthiness.
en: Score FICO ou Score de crédit
Income
noun
Income is the amount of money an entity earns for work or from investments.
Example: For example, a salesperson can generate income by selling products to customers.
en: revenu
Income statement
noun
An income statement, also known as a profit and loss statement, is another core financial document for businesses. This document reports a company's earnings and losses or expenses over a particular period, often monthly.
en: État du résultat global
Interest
noun
Interest is the additional money individuals must pay when borrowing money. Institutions that loan money to an entity typically charge interest at a rate that is a percentage of the loan.
Example: if an individual secures a $30,000 loan for a car, they may need to pay an additional 5% of the loan back, or $1,500 in interest.
en: intérêt
Investment
noun
An investment is an allocation of money with the expectation of a profit or material benefit in return. With an investment, individuals do not intend to use the good they purchased but hold onto it to create value or more money.
Example: Crypto currencies , real estate, stock market
en: Investissement
Liability
noun
A liability is a debt or amount of money that an entity owes to another entity.
Example: bank loans, accounts payable and credit card debts
en: Responsabilité
Loan
Noun
A loan is a sum of money or an item that one entity lets another entity borrow. The borrower repays their debt to the lender within a specified period and may pay interest on it and potentially extra fees.
Example: When you have a project or want to buy a house, you need to loan some money.
en: prêt
Mortgage
noun
A mortgage is a loan used to buy property. Individuals repay their mortgages to banks or financial lenders in regular payments with interest over a specified period.
en: hypothèque
Net worth
noun
Net worth is the total value of what an individual or business owns minus the amount owed in debts. As a result, it represents the difference between an entity's assets and liabilities.
Example: how much money you earn since you work substract with all of your debts
en: valeur nette
Stocks
noun
An investment is an allocation of money with the expectation of a profit or material benefit in return. With an investment, individuals do not intend to use the good they purchased but hold onto it to create value or more money.
Example: Tesla stock, Apple, Microsoft. All of these companies have stocks to sell
en: Action
taxes
noun
Taxes are fees paid by individuals or entities to governments that fund government spending and public programs
Example: they use the taxes to pay the road, hospitals, projects. In Quebec we got two of those ( TPS, TVQ)
