Cash equivalent: an amount of money that has the same value as something; money in a company’s bank accounts and other assets that can easily be changed into money.
Certificate of deposit: a type of investment in which customers earn interest for saving their money for a fixed period of time.
Savings account: an acccount in a bank or similar financial organization that earns interest.
Treasury bill: a form of borrowing by a national government, especially the US government, for a period of time of less than one year on which interest is paid at the end of the borrowing period.
Collectives: an organization or business that is owned and controlled by the people who work in it.
Life insurance: a system in which you make regular payments to an insurance company, in exchange for a fixed amount of money that will be paid to you when you reach a certain age, or paid to someone you have named, usually a member of your family, when you die.
Net worth: the value of the assets (=property and money) that a person or business has, after any debts are taken away.
Balance sheet: a record of the value of things a company owns and of its debts for a particular period, usually a year.
Fiscal year: a period of twelve months (not always January 1st to December 31st) for which a government or business plans its management of money
Marketable securities: a share, bond, etc., that can easily be bought and sold.
Accounts receivable: the amounts in a company’s accounts that show money that is owed to the company by its customers.
Inventory: the amount of goods a store or business has for sale at a particular time, or their value.