Examlex
Explain the term 'financial innovation'.
Depreciation Charges
The allocation of the cost of tangible assets over their useful lives, reflecting the decrease in value over time.
Retained Earnings
The portion of net income left over for the business after it has paid out dividends to its shareholders.
Depreciation Expense
A measure of the reduction in value of an asset over time, often used for tax and accounting purposes.
Net Cash Flow
The difference between a company's cash inflows and outflows over a period of time.
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