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WebA person or organization that borrows something, especially money from a bank or other financial institution. Budget A plan that outlines what money you expect to earn or receive … WebOct 11, 2024 · Financial Terminology: 20 Financial Terms to Know 1. Amortization: Amortization is a method of spreading an intangible asset's cost over the course of its … WebJul 26, 2024 · A type of accounting system that records the financial transactions of a business. The system uses one entry per transaction to record cash, taxable income, and tax-deductible expenses going in or out of the business. Businesses can use accounting software or even simple tables to perform single-entry bookkeeping. Trial Balance paint shower tile