Tooltip Categories: Economics & Finance

debt

An obligation owed by one party (the debtor) to a second party, the creditor; usually this refers to assets granted by the creditor to the

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debit (accounting)

An accounting entry which results in either an increase in assets or expense account, or a decrease in liabilities or net worth. opposite of credit.

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debit balance

Whether a debit or a credit increases or decreases an account balance depends on the type of account. Asset and expense accounts are increased on

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debit card

A plastic payment card that provides the cardholder electronic access to his or her bank account(s) at a financial institution. Some cards have a stored

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data base [BD]

Organized collection of data, today typically in digital form. (source: http://en.wikipedia.org/wiki/Database)

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data protection act

The legal framework which ensures that persons or organisations collecting and managing personal information must protect it from misuse and must respect certain rights of

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day wage

A day wage is an fixed amount of income given on a daily basis, that is not usually based on performance or accomplished duties.

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deadline

a time limit for any activity. (source: http://www.wordreference.com/definition/deadline)

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day off

A day when you are not required to work. (source: http://www.thefreedictionary.com/day+off)

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customer base

Group of customers that a business serves. In the most situations, a large part of this group is made up of repeat customers with a

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