Tag: dictionary

In economics, adjustment refers to the process by which a market or economy responds to changes in external conditions, policies, or shocks. Adjustments can occur in prices, wages, employment levels,…

Definition: An ad valorem tax is a type of tax based on the assessed value of an item, such as property or goods. The term “ad valorem” is Latin for…

In economics, “ad hoc” refers to actions, decisions, or policies that are made or taken for specific, often immediate purposes, without being part of a wider plan or system. Ad…

Actuarial valuation is a financial analysis conducted by actuaries to determine the present value of a pension fund or an insurance company’s future obligations. This process involves assessing the current…

Actuarial gain or loss refers to the adjustments made to the estimates of a pension plan’s obligations or the value of its assets, based on changes in actuarial assumptions. These…

The actuarial cost method is a technique used in the field of actuarial science to assess the present value of future liabilities and allocate them over some time. This method…

The acid-test ratio, also known as the quick ratio, is a financial metric used to evaluate a company’s short-term liquidity position. It measures the ability of a company to pay…

Accumulation is a process of gradually gathering or amassing wealth, capital, or assets over time. This concept is central to various economic theories and practices, encompassing the accumulation of physical…

Accumulated earnings tax (AET) is a tax imposed by tax authorities on corporations that retain earnings beyond a reasonable level, instead of distributing them as dividends to shareholders. This tax…

Accumulated depreciation represents the total amount of depreciation expenses that have been recorded against a fixed asset over its useful life. It reflects the decrease in the value of a…