PROPRIETORS FUNDS Definition

Bookmark and Share

PROPRIETORS FUNDS is owners capital plus net profit minus owners' drawings.

Learn new Accounting Terms

CASH IN BANK literally means coin, currency, and cash items on deposit.

LOAN COVENANT is a legally enforceable promise or restriction in a mortgage. For example, the borrower may covenant to keep the property in good repair and adequately insured against fire and other casualties. A breach of covenant in a mortgage usually creates a default, defined by the mortgage, and can be the basis for foreclosure.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.