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Business Banking Glossary


Last Updated: 20 May 2025
Reviewed By: Ian Wright (Managing Director)

Below we’ve compiled a glossary of common terms used in business banking, lending and accounting to help you better understand them.

Sections

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  • A
  • B
  • C
  • D
  • E
  • F
  • G
  • H
  • I
  • J
  • K
  • L
  • M
  • N
  • O
  • P
  • Q
  • R
  • S
  • T
  • U
  • V
  • W
  • X
  • Y
  • Z

A

  • Accounting
  • Accruals
  • AER
  • APR
  • Assets
  • Asset Finance
  • Assurance
  • Auditing

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

  • Debentures
  • Debit
  • Debtor
  • Depreciation
  • Direct Debit
  • Double Entry Bookkeeping
  • Drawings

E

  • Equipment Financing
  • Equity
  • ERP
  • Ethics
  • Exclusive Of VAT

F

  • Faster Payments
  • Factoring

G

  • Goodwill

H

I

  • IBAN
  • Inclusive Of VAT
  • Input & Output VAT
  • Integrity
  • Inventory
  • Invoice
  • Invoice Discounting
  • Invoice Factoring
  • Invoice Finance

J

  • Joint account

K

L

  • Ledger
  • Liabilities
  • Limited Company Loan

M

  • Materiality
  • Merchant Cash Advance
  • Mezzanine Finance

N

  • Net
  • Net Of VAT

O

  • Objectivity
  • Overdraft

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

  • Reconciliations
  • Reserves
  • Revenue
  • Revolving Credit Facility
  • RTI Payroll

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

T

  • Trade Finance
  • Trial Balance
  • Turnover

U

V

  • VAT
  • VAT Invoice
  • VAT Loan
  • VAT Number
  • VAT Reverse Charge
  • VAT Taxable Turnover
  • VAT Threshold

W

  • Working Capital
  • Working Capital Loan
  • Work-In-Progress Accounting

X

Y

Z

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