Betting

Speculative Risk
Speculative risk refers to the possibility of both financial loss and financial gain, characterized by uncertainty and typically not covered by insurance.
Vigorish
Vigorish, often referred to as the 'vig,' is a term commonly used to describe usurious rates of interest or the charge taken by a bookmaker on bets.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.