A term used to describe a person or entity with a substantial amount of financial resources or assets, making them a potential target for litigation due to their perceived ability to pay large settlements or awards.
Seemingly inexhaustible financial resources, permitting one to remain in business after a prolonged period of negative cash flow. Also, often in litigation, the party having money to pay the claim.
The term 'Economic Base' refers to the core industries and businesses within a geographic market area that generate the bulk of the employment and economic activity. These industries drive the local economy by attracting financial resources from outside the area, thus providing income and employment opportunities that support the community. Understanding the economic base is crucial for policymakers and business planners to foster sustainable economic development.
Funding is the act or process of providing financial resources, typically in the form of money, to finance a program, project, or organization. Funding is critical across various sectors for initiating and sustaining operations and achieving objectives.
Liquidity management refers to the combination of day-to-day operations carried out by the financial management of an organization with the objective of optimizing its liquidity so that it can make the best use of its liquid resources.
Nonproductive activities or assets do not contribute to the production of the desired goods or realization of the expected effects, often resulting in wasted effort and financial resources.
Overtrading occurs when a business expands its operations too rapidly, straining its financial resources and potentially causing liquidity problems.
The rate of interest charged for the use of financial resources adjusted for the effect of the inflation rate within an economy.
A Statement of Changes in Financial Position details the sources and uses of an entity's financial resources during a specific period. It is commonly referred to as a Cash-Flow Statement.
