Word #26 Accounts Payable- Payments that you make to a person or company. Example- Accounts payable are the bills you pay, and the payments you pay for a good or service.
Sentence- You want your accounts payable to be low.
Word #27 Accounts Recieveable- Money made from selling or investing in something. Example- Accounts payable means the money that you are making. Sentence- You want your accounts recievable to be higher that accounts payable.
Word #28 Amortize- To write off an expenditure for (office equipment, for example) by prorating over a certain period. Example: To amortize someting, you would right it off as a business expense. Sentence- We amortized exhaust pipes as a business expense for our trucking business.
Word #29 Economic Indicator- Something such as the Dow Jones or NASDAQ that shows an overview of the stock market. Example- Check an economic index such as the S&P 500 to see how stocks are doing. Sentence- After seeing that the Dow Jones was down, I decided I should buy more stocks before they go up.
Word #30 Depreciation- To drop or take away in value. Example- Smashing a door on a car will depreciate its value. Sentence- The resturant's property value depreciated when a violent gang moved into the area.
Transaction- I bought 80 shares in Under Armour this week, at the time of purchase each share was $83.50, and it is now at $77.02. I expect it to go up to atleast to $85 in the coming month or so, because of winter clothing being needed more. Under Armour makes athletic and sports clothing that is popular among hunters for the lightweight but warm clothing they make. They are also favored by athletes because the clothing helps them stay dry and warm, or cool and dry, depending on sport and time of year. They are in the Consumer Good sector.
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