AVERAGE PAYMENT PERIOD (APP) is the number of days an entity takes to pay off credit purchases. As the average payment period increases, cash should increase as well, but working capital will remain the same. Formula: accounts payable / (total annual purchases / 360).
CABLE is the London dollar/sterling foreign exchange market - now outdated but still used by insiders.
TARGET is the goal intended to be attained and which is believed to be attainable, e.g. sales target, margin target, or profit target.
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