Financial Statement


 

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Financial Statement

An accounting statement showing assets and liabilities of a person or company. Used generally for large loans or other instances when the credit report (history of payment of debts) in itself is not sufficient.



Financial Statement

Similar Matches

Financial institution

Financial institution

An enterprise such as a bank whose primary business and function is to collect money from the public and invest it in financial assets such as stocks and bonds.


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Design of any new financial product, such as exotic currency options and swaps.


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Financial market

A market for a financial instrument, in which buyers and sellers find each other and create or exchange financial assets. Sometimes these are organized in a particular place and/or institution, but often they exist more broadly through communication among dispersed buyers and sellers, including banks, over long distances.


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Financial distress costs

Legal and administrative costs of liquidation or reorganization. Also includes implied costs associated with impaired ability to do business (indirect costs).


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Consolidated financial statement

A financial statement that shows all the assets, liabilities, and operating accounts of a parent company and its subsidiaries.


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