WHITE KNIGHT Definition

Bookmark and Share

WHITE KNIGHT is an entity that comes to the rescue of a corporation that is being taken over.

Learn new Accounting Terms

FLAT INTEREST refers to charging interest on the full original loan amount, rather than on the declining balance. With group based loans, for example, a common "interest rate" is "3% per month, flat, for 4 months". This means that a $100 principal amount lent is multiplied by 3%, and then by 4 months to come up with $12 in interest. Thus, $112 would be repaid over 4 months in equal installments.

PNL is Profit and Loss (statement/analysis; business/accounting). See also PROFIT AND LOSS STATEMENT.

Suggest a Term

Enter Search Term

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