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A Vision Is the Overall Explanation of Why an Organization

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A vision is the overall explanation of why an organization exists and where it is trying to head.


Definitions:

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations, calculated as current assets divided by current liabilities.

Positive Covenant

A clause in a loan agreement that requires the borrower to perform certain actions or meet specific conditions.

Loan Collateral

Assets or property that a borrower offers to a lender as security for a loan, which can be seized if the loan is not repaid.

Coupon

The interest rate stated on a bond that represents the amount of interest the bondholder will receive.

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