Your gateway to comprehensive financial knowledge with more than 2000 financial and economic terms
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Allocation for Previous Years Reclassification
Appropriations allocated to the entity's budget elements to pay dues from previous years.
Microeconomic
The branch of economics that focuses on individual and business decision-making.
Contingent Liability
Are potential financial obligations that may or may not materialize, depending on the outcome of future events, contractual terms, or legal disputes.
Non-Recurring Revenues
Revenues that are not collected regularly or periodically, come from non-permanent or unexpected sources, and are the result of exceptional events.
Remaining of Cost
Adjusted costs after deducting actual expenditures to date, including amounts reserved or encumbered.
Cost-Benefit Analysis
A decision-making process comparing the costs and benefits of an investment or action.
Discounted Cash Flow (DCF)
A valuation method that estimates an investment’s worth based on projected future cash flows.
Audit
The systematic examination and verification of financial records, statements, and transactions to ensure accuracy, compliance with regulations, and the prevention or detection of fraud or errors.
Valuation
The process of estimating the worth or value of an asset, investment, business, or property, often using various methods and approaches.
Fixed Costs
Business expenses that do not change with production levels, like rent or salaries.
Financial Balance of Items
The execution price of an item represents the actual and fair value of it.
Securitization
The process of pooling financial assets and converting them into tradable securities.
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