The privilege of buying goods, services or borrowing money in return for a promise of future payment.

A claim against a customer for services rendered or goods sold on credit.

Goods held for sale or lease that are furnished under contracts of service, usually raw materials, work in process, or materials used or consumed in a business.

Cash or other assets that are expected to be converted to cash or sold or utilized within a year or less through the normal operations of a business.

Relates to the number of firms in an industry, measured by the number of firms producing 50% of output in the industry.

The net assets of an individual enterprise, partnership, corporation, including not only the original investment, but the gains and profits from the business.

Uncollectible accounts that are encountered due to poor credit decisions, aggressive credit policy or an unpredictable event.

A financial statement listing the assets, liabilities and owner's equity of a business entity as of a specific date.

Any money owed an enterprise, whether or not they are currently due.

The number of times that assets, such as inventory or accounts receivable, are replaced on average during the period.

A medium of exchange; coined or stamped currency.

A right to payment or other equitable remedy in the event of a breach of contract.

A contract granting the use and possession of real property for a specified time and for fixed payments.

Industrial products that are composed of farm and natural products.

The direct material costs, the direct labor costs and the factory overhead costs, that have entered into the manufacturing process but are associated with products that have not been finished.

A corporation may be defined as a voluntary association of persons who are organized under state or federal law and recognized by the law as having a corporate name, and being entirely separate and distinct from the people who own it; having continuous li

A partnership is defined as "an association of two or more persons to carry on as co-owners of a business for profit." While no particular form of contract is necessary to create a partnership, a partnership contract usually provides what the partners' ri