Finance terminology

NOTE:

most of these should be expanded in depth on other pages.

TBD

asset	equipment, furniture, buidings, cash, etc. (sub-classified as property, plant, equipment)
equity	amount of money returned to owners if all assets were sold, after paying all debts
liability	money owed (ex: payroll, debt)

Quantifiers

gross	whole amount without accounting for expenses (ex: refunds, returns, ..)
net	whole amount after subtracting expenses (ex: refunds, returns, ..)

Assets

Resources a company owns or controls (ex. equipment, machinery, furniture, cash etc.)
subclassified as property/plant/equipment.

goodwill assets	acquisition for more than cost of identifiable-assets
intangible assets	copyrights, trademarks, etc.
returns	dividends, interest paid on an investment
retained earnings	net income retained by corp (not issued as dividends) prev_period_retained + revenues - expenses - dividends

Accounting

income/revenue	profit from sales, service, interest on loan
accounts receivable	money owed (ex. rent, loan payments, deferred tax)
accounts payable
interest payable
salaries payable
property tax payable
sales tax payable
income tax payable