A bond is an instrument of indebtedness of the bond issuer to the holders. It is a debt security, under which the issuer owes the holders a debt and, depending on the terms of the bond, is obliged to pay them interest (the coupon) and/or to repay the principal at a later date, termed the maturity date.

Premium of an option is basically the sum of the option’s intrinsic and time value. It is important to note that volatility also affects the premium.

Credit utilization is the ratio of your credit card debt to credit limits. It has the second biggest factor influencing your FICO score.

Gross profit ratio  is a profitability ratio that shows the relationship between gross profit and total net sales revenue.

Mobile banking is a system that allows customers of a financial institution to conduct a number of financial transactions through a mobile device such as a mobile phone or tablet.

Accounts Finalization means preparation of accounts with accurate figures & arriving at the accurate profit or loss incurred.

Working capital is a financial metric which represents operating liquidity available to a business, organization or other entity, including governmental entity. Along with fixed assets such as plant and equipment, working capital is considered a part of operating capital. Gross working capital equals to current assets. Working capital is calculated as current assets minus current liabilities.

Crossover rate is useful in capital budgeting analysis because it informs the investing company about a scenario when a currently-feasible project will no longer be feasible.

The ledger balance is found by subtracting the total number of debits from the total number of credits for a given accounting period. The ledger balance is used solely in the reconciliation of book balances.

Goodwill is an intangible asset that arises as a result of the acquisition of one company by another for a premium value.