BILL OF LADING
A bill of lading is a key shipping document that serves as a contract of carriage and a receipt of goods. It may also function as a document of title, enabling transfer of ownership while goods are in...
OpenFinancial Dictionary
Accounting & Finance Terms (English)
Accounting and Finance Terms Explained
Explore accounting, finance, auditing, taxation, and economics terms explained in clear English. Each entry provides a definition, a detailed explanation, practical uses, and examples where available.
Use the search box below to find a term by its name, definition, application, or related financial concept.
bill of materials
A bill of materials (BOM) lists all components, subassemblies, and raw materials needed to produce one unit of a finished product. It supports costing, inventory planning, and production control.
OpenBlack Markets
A black market is an unofficial/illegal market where prohibited goods/services are traded or where transactions avoid regulation and taxes. Prices may be distorted due to risk and scarcity.
OpenBlanket Authorization
Blanket authorization is a general approval allowing actions without requesting approval each time, within defined limits. It is used to speed routine decisions while maintaining overall control.
OpenBlind Receiving
Blind receiving is a receiving control where PO quantities are hidden from warehouse staff during receipt. This reduces bias and improves the accuracy of counted quantities.
OpenBlind Trust
A blind trust is a trust arrangement where the beneficiary/owner does not know the specific assets held or how they are managed, often used to avoid conflicts of interest.
OpenBlockchain Accounting
Blockchain accounting applies blockchain technology to record accounting transactions in a decentralized, secure, and tamper-resistant ledger.
OpenBlue chip
Blue chip typically refers to shares of large, established, financially sound companies with a history of stable performance and dividends. Usage differs slightly by market, but generally implies lowe...
OpenBlue Sky Law
Blue Sky laws are state-level U.S. securities regulations designed to protect investors from fraud by requiring registration and disclosure for securities offerings.
Openblue-collar worker
A blue-collar worker generally refers to employees performing manual or production work and commonly paid hourly wages. The term contrasts with “white-collar” roles typically paid salaries.
OpenBMR
Base Mortgage Rate - The basic interest rate on which adjustable-rate mortgages are based.
OpenBoard of Directors
A board of directors is a group elected by shareholders to oversee the company, set strategic direction, and appoint senior management. The board also approves major policies and governance decisions.
Openboards of accountancy
Boards of Accountancy are U.S. state-level bodies that set requirements for CPA eligibility and licensing and regulate CPA practice within their jurisdictions.
OpenBOM
BOM is a common abbreviation for Bill of Materials—used in manufacturing and costing to define the structure and required inputs of a product.
OpenBona fide guranty
covers a specific element of a secured transaction, for example, the integrity of receivables or the accuracy of inventory count.
OpenBond
A bond is a debt instrument issued to raise funds. The issuer promises to pay periodic interest (coupon) and repay principal at maturity. Bonds are commonly used for long-term financing.
Openbond call price
Bond call price is the price at which the issuer can redeem (call) the bond before maturity, if the bond terms allow. It is often above face value (a call premium).
Openbond coupon rate
Bond coupon rate is the stated interest rate printed on the bond’s face value. It determines the periodic interest payment based on the par (face) value.
OpenBond covenant
Bond covenants are clauses in the bond agreement that protect bondholders by restricting or requiring certain actions by the issuer (e.g., limits on additional debt, maintaining ratios).
Openbond discount
Bond discount is the difference when a bond is issued below its face value. The discount is amortized over the bond term, increasing interest expense under effective interest method.
Openbond premium
Bond premium occurs when a bond is issued above its face value. The premium is amortized over the bond term, reducing interest expense under effective interest method.
Openbonds payable
Bonds payable represent long-term debt obligations issued by a company, requiring periodic interest payments and repayment of principal at maturity. They are reported as liabilities on the balance she...
OpenBONUS
A bonus is additional compensation paid to employees beyond regular salary, often based on performance, profits, or achievement of targets.
OpenBook , Books
Books refer to the accounting records of a business, including journals and ledgers, where financial transactions are recorded and summarized.
Openbook to market
book to market is the ratio of the firm's book equity to market equity.
Openbook value
Book value is the net amount at which an asset or company is reported in the accounting records, calculated as historical cost minus accumulated depreciation or liabilities.
Openbook value of a company
Book value is the net amount at which an asset or company is reported in the accounting records, calculated as historical cost minus accumulated depreciation or liabilities.
Openbook value of an asset
Book value is the net amount at which an asset or company is reported in the accounting records, calculated as historical cost minus accumulated depreciation or liabilities.
Openbook value per share
Book value is the net amount at which an asset or company is reported in the accounting records, calculated as historical cost minus accumulated depreciation or liabilities.
Openbook value per share of stock
Book value is the net amount at which an asset or company is reported in the accounting records, calculated as historical cost minus accumulated depreciation or liabilities.
OpenBookbuild
bookbuild is a particular way of conducting a float where the price at which shares are sold is not fixed, but rather is determined following a process in which interested investors bid for shares. Th...
OpenBooking
In import/export, a reservation is an arrangement with a shipping company to load and carry the shipment.
OpenBookkeeper
Bookkeeping is the systematic recording of financial transactions, while a bookkeeper is the person responsible for maintaining these records accurately.
OpenBookkeeping
Bookkeeping is the systematic recording of financial transactions, while a bookkeeper is the person responsible for maintaining these records accurately.
Openbooks
Books refer to the accounting records of a business, including journals and ledgers, where financial transactions are recorded and summarized.
OpenBooks of Accounts
Books refer to the accounting records of a business, including journals and ledgers, where financial transactions are recorded and summarized.
OpenBOOKS OF RECORD
Books refer to the accounting records of a business, including journals and ledgers, where financial transactions are recorded and summarized.
Openboot
boot a term used to describe the additional monetary consideration that may accompany an exchange transaction
OpenBorrower
Borrowing capacity reflects the ability of an individual or business to obtain loans based on income, assets, credit history, and repayment capability.
OpenBorrower in default
Borrowing capacity reflects the ability of an individual or business to obtain loans based on income, assets, credit history, and repayment capability.
OpenBorrowing capacity
Borrowing capacity reflects the ability of an individual or business to obtain loans based on income, assets, credit history, and repayment capability.
OpenBorrowing cost
Borrowing capacity reflects the ability of an individual or business to obtain loans based on income, assets, credit history, and repayment capability.
OpenBorrowing requirements
Borrowing capacity reflects the ability of an individual or business to obtain loans based on income, assets, credit history, and repayment capability.
Openbottom line
The bottom line refers to net income after all expenses and taxes, representing the final profitability of a business.
OpenBOTTOM UP
Bottom-up budgeting is a participative approach where lower-level employees contribute to budget preparation, improving accuracy and accountability.
Openbottom-up participative budget
Bottom-up budgeting is a participative approach where lower-level employees contribute to budget preparation, improving accuracy and accountability.
OpenBought deal
Bought deal is an arrangement where a broker buys all of a new issue of shares and sells them on to investors at a small premium.
Openbounced check
A bounced check is a check returned unpaid by the bank due to insufficient funds or other issues such as signature mismatch.
OpenBOY
it is mean Beginning Of Year.
OpenBR
BR can be a background report or bad record and Br can also refer to a branch
Open