BANK BALANCE is the amount of money in a bank account on a particular date as recorded by a financial institution on a bank statement.
NET OPERATING LOSS (NOL) is experienced by a business when business deductions exceed business income for the fiscal year. For income tax purposes, a net operating loss can be used to offset income in a prior year, or a taxpayer can elect to forego the carry back and carry the net operating loss forward.
CONDENSED FINANCIAL STATEMENTS are presented in considerably less detail than complete financial statements.
Enter a term, then click the entry you would like to view.