Business Finance Terms, Explained Simply.
Learn more about common financial terms here.
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Term life insurance provides coverage for a fixed period at a lower premium; permanent life insurance provides lifetime coverage and....
Passive income is investment income earned inside a corporation, interest, rental income, and taxable capital gains, that does not qualify....
Profitability analysis examines where a business actually makes money, by product, service, customer, or channel, rather than simply confirming that....
Profit is an accounting measure of what was earned after expenses; cash flow is what actually moved through the bank....
Percentage of completion is a revenue recognition method that records revenue and costs as a long-term project is completed over....
Payroll is the process of calculating, remitting, and reporting employee compensation and the associated statutory deductions, CPP, EI, and income....