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Today's Terms
Annual Budget
Definition:
For an existing business, this is a realistic budget for the current fiscal year based on past income and expenditures. It includes anticipated changes in income and spending that may occur during the year.
Cash flow
Definition:
Measure of how well a business manages its inflows and outflows of cash for a given period of time. It shows the borrower's ability to repay the loan.
Venture
Definition:
Venture undertaking of a business that involves some speculation or risk.
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