My name is Vincent and I have been in accounting and management for 1 year at Ahuntsic College. My glossary is going to be about accounting, and it can help you to learn new words about accounting that could help you if you ever have to talk in English. My glossary is going to have 20 terms where you will learn what part of speech it is, how to pronounce it, the definition, the translation, an example in a sentence and an image of it. I used the book actively engaged online to find the words that you are going to see in my glossary and I want you to remember those words.
accounting
noun
the action or process of keeping financial accounts.
Example: Hopefully there will be a transparent accounting of what was introduced.
en: Comptabilité
amortize
verb
gradually write off the initial cost of (an asset) over a period.
Example: Nonetheless, team owners get to amortize, or write off, those assets, even as they actually rise in value.
en: Amortir
asset
noun
a single item of ownership having exchange value
Example: But that he did not count an asset, because he had not himself taken account of this new capital.
en: Actif
balance sheet
noun
a statement of the assets, liabilities, and capital of a business or other organization at a particular point in time, detailing the balance of income and expenditure over the preceding period.
Example: The use of off-balance-sheet debt is often a way to try to avoid getting as much investor scrutiny.
en: bilan
bankruptcy
noun
the state of being completely lacking in a particular quality or value.
Example: A huge portion of consumer bankruptcies involve at least some amount of gambling that occurs.
en: faillite
budget
noun
an estimate of income and expenditure for a set period of time.
Example: In a news release the same day, advisers highlighted a long-planned increase in the ad budget this week of about 50 percent over last week.
en: budget
contract
noun
a written or spoken agreement, especially one concerning employment, sales, or tenancy, that is intended to be enforceable by law.
Example: They don’t have a ton of room to maneuver, either, with the contracts they’re still on the hook for.
en: contrat
credit
noun
the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future.
Example: Issues around one wage, getting rid of the tip credit and paying waitstaff not sub-minimum-wage anymore, but with that comes tip sharing.
en: crédit
debt
noun
something, typically money, that is owed or due.
Example: The rest plan to restructure their debts, close money-losing stores, and continue operation.
en: dette
debtor
noun
A debtor is someone who owes a debt or obligation to someone else. Most commonly, this is the obligation to pay money.
Example: Many debtors — the primary source of revenue for debt-collection agencies — have at least temporarily been in a better position to pay their debts.
en: débiteur
equity
noun
the value of the shares issued by a company.
Example: Lawmakers have failed to reach agreement on extending $600-a-week supplemental benefits, which expired in July and helped bring some semblance of regional equity to America’s patchwork social safety net.
en: équité
finance
noun
the management of large amounts of money, especially by governments or large companies.
Example: It’s important to see you can work in finance, you can build a business, you can be a congresswoman.
en: finance
interest
noun
money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt.
Example: At the same time, campaigns are spending less while the special-interest groups are spending more.
en: intérêt
investment
noun
the action or process of investing money for profit or material result.
Example: Known for its early bets on crypto and for investments such as Coinbase, Brex, and Credit Karma, the firm is looking to acquire a company in the fintech space.
en: investissement
liquidity
noun
the availability of liquid assets to a market or company.
Example: As startups have stayed private longer and liquidity has become harder to secure for early employees and investors, more and more shareholders have looked for ways to unload their shares to others.
en: liquidité
loan
noun
a thing that is borrowed, especially a sum of money that is expected to be paid back with interest.
Example: When you’re applying for a mortgage loan, you’re going to need homeowner’s insurance.
en: prêt
loss
noun
an amount of money lost by a business or organization.
Example: Sales rose 133% in the first half of 2020 to $242 million, while its net loss declined 3% to $171 million from the same period a year ago.
en: perte
margin
noun
The difference between a sale price and a cost
Example: Being in an indie band is running a never-ending, rewarding, scary, low-margin small business.
en: marge
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: Profiteers caused the mortgage meltdown and the prescription opioid crisis, and they’ve evaded taxes and deprived communities of public funds for education, public health, and infrastructure.
en: hypothèque
profit
noun
a financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something.
Example: From mid-2019 to mid-2020, StarTech paid $30 billion in dividends, amounting to 14% of profits.
