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Dictionary Of Finance
| Sr No. | Words | Meaning |
|---|---|---|
| 1 | Absolute liability | Strict Liability |
| 2 | Accounting standards | Rules to be followed in the preparation of company accounts. |
| 3 | Accounts payable | Amount owed to trade creditors and included as current. |
| 4 | Accounts receivable | Invoiced or billed amounts owing to a business which are outstanding from balance sheet. |
| 5 | After-hours trading | 24-hours trading. |
| 6 | Annual accounts | All limited liability companies (incorporation) must file accounts or financial statements for public inspection each year. |
| 7 | Annual general meeting(AGM) | All public limited companies (incorporation) in the UK are required by law to invite all shareholders to a general meeting with directors each year.(US = annual meeting, annual stockholders’ meeting.) Among other things the meeting elects directors, appoints auditors and fixes their remuneration. |
| 8 | Articles of association | Memorandum of association. |
| 9 | Asked Price | Offer Price. |
| 10 | Asset | Something that has value or earning power |
| 11 | Assets value | Net Assets |
| 12 | Associate company | A company over which another company has some influence, normally through a minority shareholder of less than 50 per cent but more than 20 per cent. |
| 13 | Audit | The verification of accounts by an external accountant. Larger limited companies (Incorporation) are required under the Companies acts to have their accounts audited by a member of a recognized accountancy body. |
| 14 | Authorized Capital | The amount of share capital fixed in the memorandum of association and the articles of association of a company as required by the companies acts. |
| 15 | Average | A single number calculated to summarize a group of numbers. |