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Tooltip Categories: Economics & Finance

written-off loan

A loan declared noncollectable by a bank and thereby removed from their balance sheet. (source: http://en.wikipedia.org/wiki/Write-off#Banking)

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year-end closing

An accounting procedure undertaken at the end of the year to close out business from the previous year, carry forward balances from the previous year,

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zero balance

The account balance is zero when credit is equal to debit (accounting) A bank account has a zero balance when there is no money in

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zero balance account [ZBA]

a checking account which always maintains a balance of zero. Whenever the corporation needs to write a check, they transfer money into the account for

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World Trade Organization [WTO]

The World Trade Organization (WTO) is the only global international organization dealing with the rules of trade between nations. At its heart are the WTO

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World Women Bank [WWB]

Nonprofit organization born out of an idea conceived during the first United Nations World Conference on Women, held in Mexico City in 1975, and provides

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worm

In a computer, a worm is a self-replicating virus that does not alter files but resides in active memory and duplicates itself. Worms use parts

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working capital

Current assets minus current liabilities.Working capital measures how much in liquid assets a company has available to build its business. The number can be positive

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