KEY WORDS FOR
ACCOUNTING
W ORD BUILDER :
- able able to be done (in adjectives that mean that a particular
thing can be done to something)
un - not (added to adjectives to make their opposites)
D EFINITION :
1) explain the meaning of the word
2) Give the word we are referring to
negotiable A negotiable asset is able to be transferred legally from one
owner to another.
billable Billable hours are the hours that a professional, especially a
lawyer, spends doing work for clients, and for which the
clients will have to pay.
cumulative Cumulative dividends or earnings are added on from period
to period.
tangible A business asset that is tangible is a physical asset, such as
a factory or office.
unallocated Unallocated amounts or costs are not associated with any
particular activity.
retroactive A retroactive transaction applies a change to previous
accounting periods.
unrestricted Unrestricted money is money that can be used for any
purpose.
material A material amount of something is an amount that would
make a difference, especially in an accounting calculation.
insolvent If you are insolvent, you do not have enough money to pay
your debts.
secured A secured loan or creditor has an asset such as a car or
house pledged as collateral, which may be taken to satisfy
the debt if the loan is not repaid.
residual A residual amount is an amount that is left over or remains.
depreciable If something you use for your business is depreciable, its
loss in value over time will count toward reducing your tax.
wholesale A wholesale business is a business that sells in large
quantities to another business that will resell the items or
use them for manufacturing.
1
ACCOUNTING
W ORD BUILDER :
- able able to be done (in adjectives that mean that a particular
thing can be done to something)
un - not (added to adjectives to make their opposites)
D EFINITION :
1) explain the meaning of the word
2) Give the word we are referring to
negotiable A negotiable asset is able to be transferred legally from one
owner to another.
billable Billable hours are the hours that a professional, especially a
lawyer, spends doing work for clients, and for which the
clients will have to pay.
cumulative Cumulative dividends or earnings are added on from period
to period.
tangible A business asset that is tangible is a physical asset, such as
a factory or office.
unallocated Unallocated amounts or costs are not associated with any
particular activity.
retroactive A retroactive transaction applies a change to previous
accounting periods.
unrestricted Unrestricted money is money that can be used for any
purpose.
material A material amount of something is an amount that would
make a difference, especially in an accounting calculation.
insolvent If you are insolvent, you do not have enough money to pay
your debts.
secured A secured loan or creditor has an asset such as a car or
house pledged as collateral, which may be taken to satisfy
the debt if the loan is not repaid.
residual A residual amount is an amount that is left over or remains.
depreciable If something you use for your business is depreciable, its
loss in value over time will count toward reducing your tax.
wholesale A wholesale business is a business that sells in large
quantities to another business that will resell the items or
use them for manufacturing.
1
