Clean flatuating

A government policy allowing a countries currency to flatuate without direct intervention in the foreigh exchage markets.

Endowment fund

A non profit organization fund whose principle must be maintained permanenly or temporary and whose income is expendable by the organization for a specified or elective purpose

Encumbrances accounting

An accounting method for government funds of a government entity that entails a debit to encumrances and a credit to fund balance reserved for encumbrances when purchase orders or contract for nonrecovering expenditure are issued by the funds

Economic unit concept

A concept of consolidated financial statement of a parent company and one or more partially owned subsidiaries that views the consolidated enterprise as a single entity with ownership by parent company stockholders and subsidiary minority stockholders

Discrete theory

A theory of a interim financial reporting that considers each interim period a basic accounting period whose operating results are measured in essentially the same manner as for an annual accounting period

Permissible capital payment

Permissible capital payment made out of capital when a company is redeeming or purchasing its own shares and his used all available distributable profits as well as the proceeds of any new issue of shares

Per capita income

The avarage income of a group obtained by dividing the groups total income by its number of members

Personal financial planning

Financial planning for individuals which involves analysing their current financial position predicting their short-term needs and recommending a financial strategies.

Appropriation

Authorised expenditure of a government entitys general fund and special revenue funds as aproved by the legislative and executive authories of entity and set forth in the annual budget

Phantom withdrawals

The removal of funds from bank account through automated teller machine (ATMs) by unauthorized means and without the knowledge or consent of the account holder