Six-Pack of Financial Words

Just a few words for work conversations today.

  • bankruptcy – noun – a time when a company runs out of money and can no longer pay their debts.
  • liquidation – noun – a time after bankruptcy when the company’s stuff is sold to get money to pay their debts.
  • liquid asset – noun – an asset is something that a business or person owns. A liquid asset is one that is easily sold or exchanged, like cash, gold, or certain investments.
  • fixed asset – noun – A fixed asset is not as easily sold or exchanged as a liquid asset. This group might include real estate, machinery, inventory, or contracts.
  • expenditure – noun – the money that a business needs to spend in order to do business. This might include buying supplies, paying salaries and rent, repairing machines, or advertising products.
  • revenue – noun – the money that comes into a business from doing its business activities, before expenses are paid

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