Tag: ability
Key Ratio
What is 'Key Ratio' A mathematical ratio that illustrates and summarizes the current financial condition of a company. Key ratios can be...
Hard Skills
What are 'Hard Skills' Hard skills are specific, teachable abilities that can be defined and measured, such as typing, writing, math, reading...
Offer In Compromise
DefinitionThe Offer in Compromise program, in the United States, is an Internal Revenue Service program under which allows qualified individuals with an unpaid tax...
Ability-To-Pay Taxation
What is 'Ability-To-Pay Taxation' Ability-to-pay taxation is a progressive taxation principle that maintains that taxes should be levied according a taxpayer's ability...
Absolute Advantage
DefinitionIn economics, the principle of absolute advantage refers to the ability of a party to produce a greater quantity of a good, product, or...
Ability To Repay
What is 'Ability To Repay' An individual's financial capacity to make good on a debt. Specifically, the phrase "ability to repay" was...
Variable Universal Life Insurance (VUL)
What is 'Variable Universal Life Insurance - VUL' Variable universal life insurance (VUL) is a form of cash-value life insurance that offers...
Waiver Of Demand
What is 'Waiver Of Demand' An agreement by the party that has endorsed a check or draft to accept legal responsibility, without...
What is Working Capital?
DefinitionWorking capital is a financial metric which represents operating liquidity available to a business, organisation or other entity, including governmental entities. Along with working...
Days Working Capital
What is 'Days Working Capital' Days working capital is an accounting and finance term used to describe how many days it takes...