Working capital
The short-term financial resources available to run day-to-day operations, commonly measured as current assets minus current liabilities.
Related terms
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Equity
The value left in an asset after deducting secured borrowing or other charges against it. With property, it is broadly the property value minus secured mortgage debt.
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Financial statement
A summary of income, spending, assets, liabilities and sometimes cash flow, used to understand what can realistically be paid.
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Balance sheet
A snapshot of a business’s assets, liabilities and equity at a particular date. It helps show the financial position, not just cash in the bank.
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