Financial Terms
Adjusted Gross Income (AGI) is a term used in the U.S. federal income tax system…
Taxes are financial charges imposed by the government on individuals, businesses, and organizations. They are…
Amortization refers to the process of paying off a loan over time through regular payments…
Retirement refers to the time in an individual’s life when they stop working and begin…
A cash flow statement is a financial statement that shows the flow of cash into…
An income statement, also known as a profit and loss statement or P&L, is a…
A balance sheet is a financial statement that shows a company’s financial position at a…
Accounts payable are amounts that a company owes to its suppliers or creditors for goods…
Accounts receivable are amounts that a company is entitled to receive from its customers for…