POUND Definition

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POUND is a currency of Biafra, Cyprus, Egypt, England, Falkland Islands, Guernsey, Isle of Man, Jersey, Lebanon, Libya, Nigeria, Palestine, Rhodesia, South Africa, St. Helena, South Africa, Syria, England, Scotland, Northern Ireland, Isle of Man, Jersey, and Guernsey.

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STRANDED PLANT is a cost that has been incurred, but can not be reversed. Usually referred to as a sunk cost.

FINANCIAL RATIO is the result of dividing one financial statement item by another. Ratios help analysts interpret financial statements by focusing on specific relationships.

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