A bank loan with a floating interest rate, for a specified amount that matures in between one and ten years and requires a specified repayment schedule. An example is a car loan. Usually a long-term loan with a tenure running up to ten years. An amortization program is worked out in the loan agreement for the liquidation of the loan over its tenure.
Total Asset Turnover:
Total asset turnover measures management's efficiency in managing all of a company's assets-specifically the generation of revenues from the company's total investment assets. The total asset turnover ratio is extremely important in high asset companies such as manufacturing. The higher the ratio, the smaller the investment required to generate sales, the more profitable is the company.
Also known as Accounts Payable. Trade payables are open non-interest bearing accounts due to the trade usually due within 30, 60 or 90 days.
An accounting book that includes all securities that the institution regularly buys and sells on the stock market. These securities are accounted for in a different way than those in the banking book, which are meant to be held by the institution until they mature and are not usually affected by market activity.
A trial balance is a listing of the accounts in a company's general ledger and their balances as of a specific date. A trial balance is prepared at the end of an accounting period and is used to see if additional adjusting entries are required to any of the balances. The basic accounting system relies on double-entry accounting, therefore, the trial balance will have the same total debits and the same total credits. A trial balance is out of balance when the debits do not agree with the credits.