Sep 2009 4
long-term liability
a liability expected to be settled in the long term Examples of long-term liabilities include mortgages, long-term loans, long-term bonds, pension obligations. A long-term liability is the opposite of a...
Sep 2009 4
current liability
a liability expected to be settled within the fiscal year or the normal operating cycle Examples of current liabilities include wages, taxes, account payables. A current liability is the opposite...
Sep 2009 4
intangible asset
an asset lacking physical substance Examples of intangible assets are bonds, stocks, patents, copyrights, goodwill, trademarks. An intangible asset is the opposite of a tangible asset. Find out more about assets...
Sep 2009 4
tangible asset
an asset having a physical substance Examples of tangible assets are cash, real estate, equipment, machinery. A tangible asset is the opposite of an intangible asset. Find out more about assets...
Sep 2009 4
liability
an obligation to settle a debt Liabilities can be divided into two categories: current liabilities (such as wages, taxes, account payables) and long-term or fixed liabilities (such as long-term...
Sep 2009 4
asset
a resource that generates or is expected to generate profits for the entity that owns and controls it Assets can either be tangible (such as real estate, equipment, cash)...
Aug 2009 16
depression
a significant downturn in economic activity over a sustained period of time A depression can be described as a severe and/or prolonged (at least 3 years) recession. Therefore,...
Aug 2009 15
recovery
a renewed growth in economic activity following a recession or depression Recovery is characterized by a fuller utilization of resources (a greater capacity utilization) and a rise in Gross...
Aug 2009 15
recession
a general slowdown in economic activity over a sustained period of time Recessions are characterized by a fall in production (a decline in Gross Domestic Product for two or...
Aug 2009 11
bear market
a market that is continually going down for an extended period of time It can be any market, such as stocks, precious metals, real estate, or any asset class....