is when an investment is purchased with the assistance of borrowed funds and where the income from that investment (after the deduction of expenses) is less than the interest commitment in the course of a year
what is left after deducting all charges (see gross).
the remainder after all expenses of an accounting period are deducted from all revenue of the same period.
the owner/s’ interest in a business, calculated by subtracting all liabilities from the assets of the business.
a small specialised segment of a total market.
words often written on crossed cheques, which do not prevent the cheque from being transferred. See account payee only.