I made this glossary to help me learned some words related to my field of study. I have been studying in social science-commerce for this pass year, where we learn about accounting and business in general. Learning some new word related to my field of study can make me improve understanding and learn the ropes. I used the website feildrelated.com to help me find these new words, then used Google for the definitions.
amortize
verb
Reduce or pay off a debt with payments.
Example: They want to amortize the tooling cost quickly.
en: amortir
asset
noun
A useful/valuable thing, person or quality.
Example: Quick reflexes were his chef asset.
en: actif
audit
noun
An official inspection of an account.
Example: Audits can’t be expected to detect every fraud.
en: audit
bankrupt
adjective
Unable to pay outstanding debts.
Example: His father went bankrupt and the family had to sell their home.
CPA
noun
Certified Public Accountant
Example: My father is a CPA.
en: CPA
currencies
noun
System of money for general use in a specific country.
Example: The dollar was a strong currency.
en: devises
debtors
noun
Person/institution that owes money.
Example: Generally, debtors must negotiate with each creditor separately.
en: débiteurs
depreciation
noun
Reduce in the value of an asset.
Example: Provision should be made for depreciation of fixed assets.
en: dépréciation
double entry
noun
Each transaction is entered as a debit in one’s account and credit in another.
Example: I’d like to apply for double entry.
en: double saisie
doubtful
adjective
Feeling uncertain.
Example: He looked doubtful, but gave a nod.
en: douteux, douteuse
goodwill
noun
Friendly, helpful, cooperative attitude.
Example: The plan is dependent on goodwill between the two sides.
en: bonne volonté
headhunter
Noun
Someone who does employment recruiting.
en: recruteur
layoff
noun
A discharge of a worker or workers because of economic conditions or shortage of work.
Example: The workforce is on strike over layoffs.
en: licencier
leasehold
noun
To live or use something for an agreed period of time.
Example: I rent a leasehold property at 4000$ per month.
en: bail
margin
verb
To deposit an amount of money with a broker.
Example: New contracts are margined with the winnings of previously held contracts.
en: marge
mortgage
noun
When a creditor lends money at interest.
Example: I put down a hundred thousand in cash and took out a mortgage for the rest.
en: hypothèque
overdraft
noun
A deficit in a bank account.
Example: When I left for Cambridge I had 900$ overdraft.
en: découvert bancaire
RPA
noun
Robotic Process Automation.
Example: The RPA regrouped in the north under the leadership of Paul Kagame.
en: RPA
solvency
noun
The ability to pay a debt.
Example: The company was confident that solvency could be maintained.
en: solvabilité
subsidy
noun
A sum of money granted by the government, or other.
Example: The government gave a farm subsidy to farmers.
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