Audit

Definition:

A review of

(1) the operating, administrative, and financial activities of an agency for conformance with all legal and administrative requirements and conformance with the principles of economy and efficiency; or

(2) selected claims, cost proposals, grants, loans, or similar agreements entered into by an agency for conformance with the principles of economy and efficiency.

Related terms:

Prime Rate

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Investment

Provide a guide to possible financial outcomes for the purchase of an investment property

Balance Sheet

This calculator is designed as a quick ready reckoner for Balance Sheet calculations

Loan reduction

It will help you work out how quickly you can pay off a loan if you increase your monthly repayments

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