Cumulative preference shares

A type of preference share that entitles the owner to receive and dividends not paid in previous

Current ratio [working -capital ratio]

The ratio of the current assets of a company to the current liabilities and used to test liguidity

what is current assets

Assets that form,part of the working capital of a business and are turned over frequently in the caurse of trade.

What is current liabilities

Amount owed by a business to other organization and individuals that should be paid within one year from the balance sheet date

Certificate of Deposits(CD)

A negotiable certificate issued by a bank in return for a term deposits of upto five years

Cash ratio(liquidity ratio)

The ratio of the cash reserve that a bank keeps in coin banknotes ,to its total liabilities to its customers

Capped mortgage

A morgage in which the variable interest rate paid by the borrower cannot rise above a specified levels usually for the first few years of the loan

Capital turnover or Asset turnover

The ratio of sales of a companyy or other organization to its capital employed

Capital outflow

A decrease in a country foreigh assets held in its own country or an increase in assets held abroad

Capital Maintainance concept

The financial capital maintainance concept is that the capital of a company is only maintained if the financial or monetary amount of its net assets at the beggining at the period excluding and distribution to or contribution from owners.