Unit 1.3 Finance

1. Estimate of the timing and amounts of cash inflows and outflows over a specific period (usually one year). A cash flow forecast shows if a firm needs to borrow, how much, when, and how it will repay the loan. (4, 4, 8)
4. The surplus remaining after total costs are deducted from total revenue, and the basis on which tax is computed and dividend is paid. (6)

2. Law: Legal charges, fees, other expenses associated with a lawsuit and, sometimes, punitive charges, assessed and awarded by a court in favor of the prevailing party. (5)
3. Written or oral agreement for a temporary transfer of a property (usually cash) from its owner (the lender) to a borrower who promises to return it according to the terms of the agreement, usually with interest for its use. (4)
5. The income generated from sale of goods or services, or any other use of capital or assets, associated with the main operations of an organization before any costs or expenses are deducted. (7)

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