ACD Financial Glossary
What is it? An Authorised Corporate Director of a company, relating to ISAsFinance Term Definition Added By: Katie
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Other Similar Finance Terms:
Financial Term 1V is Buy / VentureFinancial Term Recourse facility is Advance of finance against unpaid outstanding invoices in which the credit risk remains with the company. You would have to pay back advances in the event of bad debts (see also Non-recourse).
Financial Term EEIG is See European Economic Interest Group
Financial Term Liquidity is refers to an investors ability to convert an asset into cash. The faster the conversion the more liquid the asset. Illiquidity is a risk in that an investor might not be able to convert the asset to cash when most needed. Moreover, having to wait for the sale of an asset can pose an additional risk if the price of the asset decreases while waiting to liquidate.
Financial Term pro formas or pro forma statements is Financial information, often just balance sheets, prepared by adjusting a recent financial report to show the effect of recent or planned changes. Projected financial statements.