If a bank offers a slightly lower rate in the initial years and higher rate in later years, it is called a teaser loan. For this type of loan an introductory rateis offered. It is an interest rate charged to a customer during the initial stages of a loan. This rate, which can be as low as 0%, is not permanent. It has an expiration after a specified period of time. Teaser loans try to entice borrowers by offering an artificially low rate and small down payments, claiming that borrowers should be able to refinance before the increases occur.

• A vertical balance sheet is one in which the balance sheet presentation format is a single column of numbers, beginning with asset line items, followed by liability line items, and ending with shareholders’ equity line items.
• The vertical balance sheet format is much more popular than the horizontal balance sheet format, because you can use it to include the balance sheets for multiple periods on a single page, using a side-by-side presentation format that may span a large number of reporting periods.

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The balance sheet is an accounting statement that summarizes the various assets, liabilities and equities  held by a company on a specific date. Balance sheet is one of the major financial statements used by accountants and business owners. The balance sheet is also referred to as the statement of financial position. The balance sheet presents a company’s financial position at the end of a specified date. Some describe the balance sheet as a “snapshot” of the company’s financial position at a point (a moment or an instant) in time. For example, the amounts reported on a balance sheet dated December 31, 2012 reflect that instant when all the transactions through December 31 have been recorded. Balance sheet have its major components, elements, or major categories:

Assets
Liabilities
Owner’s (Stockholders’) Equity

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