### Key Ratio

Key Ratio What is 'Key Ratio' A mathematical ratio that illustrates and summarizes the current financial condition of a company. Key ratios can be used to easily obtain an idea of a compan

### Hard Skills

Hard Skills What are 'Hard Skills' Hard skills are specific, teachable abilities that can be defined and measured, such as typing, writing, math, reading and the ability to use software pr

### 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 debt to negotiate a settle

### Ability-To-Pay Taxation

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 abil

DefinitionIn economics, the principle of absolute advantage refers to the ability of a party to produce a greater quantity of a good, product, or service than competitors, using the same amo

### Ability To Repay

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 used in the Explaining 'Ability To

### Variable Universal Life Insurance (VUL)

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 both a

### Waiver Of Demand

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 being formally notified, should the origina

### 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 workin

### Days Working Capital

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 for a company to convert its working capi
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