Accounting II

Description

The definitions in Straighterline's Accounting 102 course
Hannah Allison
Flashcards by Hannah Allison, updated more than 1 year ago
Hannah Allison
Created by Hannah Allison about 6 years ago
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Resource summary

Question Answer
Amortize To allocate a portion of the item's value over the periods affected by the item.
Annuity A series of equal payments over time.
Base amount Amount to which we are comparing other items.
Base Period Accounting period to which we are comparing another period.
Benchmark A standard against which items can be measured.
Bond indenture Legal agreement between a bond issuer and a bondholder.
Bottom-up process A process whereby something is created at a lower level of management and then passed up to a higher level for review and revision.
Bylaws Rules and guidelines for how a corporation should conduct business.
Callable Preferred stock that the issuing corporation, at its option, may retire by paying the call price plus and dividends in arrears.
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