Below we’ve compiled a glossary of common terms used in business banking, lending and accounting to help you better understand them.
A
B
- Bad Credit Loan
- BACS
- Balance Sheet
- Bank Details
- Bank Mandates
- Bank Transfer
- Bookkeeping
- Bridging Loan
- Building Society
- Business Bank Account
- Business Credit Score
- Business Insurance
C
- Capital
- Card Number
- Cashflow
- Cash Flow Loan
- CHAPS
- Commercial Loan
- Commercial Mortgage
- Construction Finance
- Contribution
- Corporation Tax
- Credit
- Credit Note
- Creditor
- Current Account
D
E
F
G
H
I
- IBAN
- Inclusive Of VAT
- Input & Output VAT
- Integrity
- Inventory
- Invoice
- Invoice Discounting
- Invoice Factoring
- Invoice Finance
J
K
L
M
N
O
P
- Partnership account
- Payment Processing
- Payroll
- Payroll Giving
- Payroll Number
- Payroll Service Provider
- Payroll Taxes
- Peer-To-Peer Lending
- Postponed VAT
- Prepayment
- Profit and Loss (P&L)
- Property Development Finance
- Provisions
- Prudence
- Purchase Order
Q
R
S
- Secured Loan
- Short-Term Loan
- Sole trader
- Sole Trader Loan
- Sort Code
- Standing Order
- Start-Up Loan
- Source Documents
- Sundries
- Supply Chain Finance
- Swift Code