Business dictionary

A reduction or elimination of an amount, often in the context of taxes, duties, or obligations. In tax terms, an abatement means a decrease or removal of taxes that an individual or company must pay, typically to encourage economic activity or to achieve specific social goals, such as environmental protection or supporting certain industries. Abatement can also be used in other contexts, like reducing noise, pollution, or other environmental impacts.

A program designed to support early-stage startups by providing them with resources, mentorship, and funding to help them grow and succeed. Accelerators typically run for a fixed period, usually three to six months, during which startups receive intensive guidance and support

The interest that has accumulated on a financial instrument, such as a bond or loan, but has not yet been paid. This interest is calculated for the period between the last interest payment date and the current date. In the case of bonds, for instance, if someone buys a bond between two interest payment dates, they are required to pay the seller the portion of interest that has accrued since the last payment.

The process by which one company gains control over another by purchasing all or a majority of its shares. Acquisitions can be conducted on a friendly or hostile basis, depending on the agreement with the management of the company being acquired. The main objectives typically include expanding business operations, gaining access to new markets or technologies, or enhancing the competitive position of the acquiring company.

A type of business organization that raises capital through the issuance of shares, which are owned by the shareholders. The shares of a A.S are freely transferable and can be traded on the stock exchange. Shareholders’ liability is limited to the value of the shares they own, meaning they are not personally responsible for the company’s debts. The A.S has a legal identity separate from its members, operating under its articles of association. Public limited companies are typically used for large enterprises and seek to raise capital by issuing shares to the public.

Α financial instrument that represents ownership in a public limited company (PLC). The share does not bear the name of the holder, allowing the shareholder to transfer ownership freely without the need for personal identification in the company records. The value of the anonymous share is linked to the company it represents, and its buying or selling typically occurs through the stock exchange. The holder of an anonymous share has voting rights at the company’s general meetings and is entitled to dividends.

An alternative dispute resolution process in which the parties involved agree to submit their dispute to one or more neutral third parties, known as arbitrators. The decision made by the arbitrator is legally binding and can be enforced in the same manner as a court judgment. Arbitration is commonly used in commercial and business disputes to avoid the delays and costs associated with litigation.

The official document that defines the basic principles, objectives, structure, and operations of an organization, company, or association. It includes the rules and procedures that govern its administration, decision-making processes, and operations, such as its formation, the rights and obligations of its members, and other important aspects of the organization’s structure. Typically, the articles of incorporation serve as the legal foundation for the establishment and operation of the entity.

The collection of resources owned by a company or an individual that holds economic value and can be utilized to generate future economic benefits. In financial statements, assets include both tangible and intangible items, such as cash, real estate, equipment, marketable securities, and intellectual property rights.

A financial statement that reflects a company’s financial position at a specific point in time. It lists the assets, liabilities, and equity of the business. It is a snapshot of the company’s ability to meet its obligations and achieve its financial goals by analyzing its assets and liabilities. The balance sheet is divided into two main sections: assets and liabilities, which must balance each other, hence the term “balance sheet”