Filter by Categories
Accounting
Banking

White Elephant

Any investment, property or business that requires huge expenses to operate and maintain, without any prospects to generate sufficient profits....

Shrinkage

An umbrella term that is usually used by retailers for inventory lost via clerical error, damage, shoplifting., or even employee...

Scrip

A privately issued certificate, receipt, or note such as an IOU note or credit voucher that allows its holder to...

Zombie

A company that is still going on even though it is financially unable to remain in business for long. In...

Outreach Meeting

A collaborative meeting that is held by a business entity (e.g., banks, firms, etc.) or non-business entity (e.g. public sector...

Absorbed Cost

A cost that is actually borne by a business rather than passed on to its customers. Therefore, it is typically...

Open Account

A sale transaction where the goods are shipped and delivered, while payment is deferred for a future date, which is...

Inventory Credit

The use of inventory as collateral to raise finance in lieu of traditional types of collateral such as land or...

Ecological Niche

A business strategy that aims at gaining a practical monopoly in a niche (i.e., a small or specialized area). A...

Black Friday

The day following Thanksgiving Day in the United States which marks the beginning of the Christmas shopping season. On this...