Finance without
the jargon

Accrued expenses are expenses that a company has incurred but has not yet paid for, creating a liability on the balance sheet.

Accounts Receivable (AR) is the money owed to a business by its clients or customers for goods or services rendered.

Agency banking plays a key role in financial inclusion. It is a contact point for bank services, particularly for those in rural regions.

An arrangement fee is a fee charged by a lender or financial institution to cover the costs associated with evaluating and setting up a loan.

Accrued interest is the cumulative interest on a loan or debt as of a specific date that is yet to be paid.

An account in trust or trust account is a type of investment account that is set up by an individual or group to hold funds on behalf of another.

Absolute returns is the amount of returns that an asset or investment earns over a period of time.

Annual Percentage Rate (APR) is the annual cost of borrowing money, including interest and fees, expressed as a percentage of the total amount borrowed.

A-B trust is a valuable estate planning tool that can help you reduce the tax burden on your heirs.

Accounts payable are the amounts a company owes suppliers or vendors for goods or services rendered.

Account Statement is a summary of transactions between two entities. For example, you and your bank.

Accepting risk is a conscious choice to acknowledge that there are risks and then decide whether or not you are willing to take them.

Aggregate risk is a sum of risks you are exposed to for transacting with a particular party.