TESTIMONY Definition

Bookmark and Share

TESTIMONY is evidence given by a competent witness under oath.

Learn new Accounting Terms

DETECTION RISK is the risk that audit procedures will lead to a conclusion that material error does not exist when in fact such error does exist.

DEBT FINANCING is raising money through selling bonds, notes, or mortgages or borrowing directly from financial institutions. You must repay borrowed money in full, usually in installments, with interest. A lender incurs risk and charges a corresponding rate of interest based on that risk. The lender usually assesses a variety of factors such as the strength of your business plan, management capabilities, financing, and your past personal credit history, to evaluate your company's chances of success.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.