ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
From the web's #1 provider of financial analysis / ratio analysis
VIABILITY, in economics, is the capability of developing and surviving as a relatively independent social, economic or political unit.
Learn new Accounting Terms
NON-TRADE DEBT is that debt where invoices are issued to individuals not suppliers (trade).
OBLIGATION BOND is a bond signed by a mortgagor (borrower) for an amount greater than the loan amount. Such a bond creates a personal obligation on the part of the borrower and assures the lender of recourse in case of nonpayment of property taxes and insurance or past due interest on the mortgage.