Earnings Report Financial Glossary
What is it? A financial statement, also called Income Statement, issued by a company showing its earnings or losses over a given period.Finance Term Definition Added By: Taylor
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Other Similar Finance Terms:
Financial Term Insurance is Protection against a specific loss over a period of time that is secured by the payment of a regularly scheduled premium.Financial Term Fixed Purchase Option is An option given to the lessee to purchase the leased equipment from the lessor on the option date for a guaranteed price. Both the date and the price must be determined at the inception of the lease. A typical fixed purchase option is 10% of the original cost of the equipment.
Financial Term Equity Line of Credit (ELOC) is Generic term (most common form is a Home Equity Line of Credit that lets you convert equity in your home to cash).
Financial Term Take out loan is The permanent (long term) financing of real estate after completion of construction. See construction loan.
Financial Term Organization/Organizational Code (O) is O in FOAPAL. Segment that represents functional reporting units or departments. Used to identify organizational unit that is responsible for financial activity captured within the code.