MERGER Definition

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MERGER is the union of two or more commercial interests or corporations. The distinction being that identity of the merged companies, product lines, etc., may or may not lose its individual identity.

Learn new Accounting Terms

GEARING is the proportion of the capital employed of a company that is financed by lenders rather than shareholders.

CABLE is the London dollar/sterling foreign exchange market - now outdated but still used by insiders.

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