SHORT SALE is the selling of a security that the seller does not own, or any sale that is completed by the delivery of a security borrowed by the seller. Such sales are made in anticipation of a decline in the price of the security to enable the seller to cover the sale with a purchase at a later date, at a lower price, and thus at a profit. Short sellers assume the risk that they will be able to buy the stock at a more favorable price than the price at which they sold short.
CONTINUITY ASSUMPTION see GOING CONCERN CONCEPT.
MEMOS written records supporting journal entries. Credit memos support credits, while debit memos support debit entries. See Memo Entry.
Enter a term, then click the entry you would like to view.