financial services

A book account is a detailed record of debits and credits kept in the regular course of business, typically showing transactions between a creditor and debtor.

A broker-dealer is a person or entity registered to engage in both broker and dealer activities under the Securities Exchange Act of 1934. The term reflects the particular hybrid role broker-dealers play in the securities industry.

Building and loan associations were organizations that provided loans to members for buying homes. The organizations were formed by a community of low income members that made regular payments into the fund. Members owned shares in the organization where they have rights to a loan at some point in time or dividends.

An accounting period shows when an account cycle begins and ends. It is an established time frame within which accounting functions are performed, summarized, and analyzed for the calculation of all annual financial information such as income taxes.

Call generally means to request or to use an option. Call has a few different meanings that arise in the legal context:

A cap is a set limit on some form of income, interest, fees, loan, or benefit. Examples of caps:

Capital is any asset used for a productive purpose. It can include tangible items, such as cash or machinery, or intangible items, such as intellectual property or human capital. 

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A capital account is used in accounting to record individual ownership rights of the owners of a company.

Capital assets are tangible and generally illiquid property which a business intends to use to generate revenue and expects its usefulness to exceed one year. On a balance sheet, capital assets are represented as property, plant, and equipment (PP&E). Examples include land, buildings, and machinery. Businesses may depreciate capital assets over the course of their expected useful life. 

Capital expenditures (CapEx) are funds used to acquire, upgrade, or maintain capital assets. Capital expenditures are reflected in the cash flow statement, and can be calculated by adding current depreciation with the change in plant, property, and equipment (PP&E) from the previous accounting cycle.