Financial Lexicon
Schedule A – schedule to the Financial Acts under which tax is charged on income from land and buildings. A, AA, AAA – letters that indicate that a share, bond, or bank has a certain rating for reliability. "A" shares – ordinary shares with limited voting rights or no right to vote at all. ABA – American Bankers Association. abatement – the act of reducing: a tax abatement. above par – this describes a bond or other fixed-interest security whose market value is higher than the price at which it was issued. (Fr: au dessus du pair) above the line - normal business expenses and revenues that come above the net income or net profit in a profit and loss account or income statement. (Fr: hors taxe) absolute advantage - the ability to produce a particular good more cheaply than other countries. (Fr: avantage absolue) absorption costing - see full costing. (Fr: coût global) absorption rate – rate at which production costs are increased to absorb higher overhead costs. a/c or acc or acct – account. (Fr: compte) accelerated depreciation - subtracting a high proportion of the cost of capital investments from taxable profit during the first years of use. (Fr: amortissement accéléré) accelerator or acceleration principle - changes in the demand for consumer goods cause even greater changes in the demand for capital goods. (Fr: principe d'accélérateur) accepting houses - banks that buy (for a commission or fee) export merchants' short-term bills of exchange, expecting the debtor to pay up at the right time. (Fr: maison d'acceptation) accommodation – money that is lent for a short time. account - a statement of money paid or owed; an arrangement with a firm that allows credit for payments. (Fr: compte) accountability - the state of being responsible to someone for some actions (company directors are accountable to the company's shareholders). (Fr: responsabilité) accountancy - the profession or business of an accountant. (Fr: comptabilité) accountant - person