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-Using a mobile device's GPS to define geographical boundaries where an app can be used.
Bond
A form of interest-bearing note used by corporations to borrow on a long-term basis.
Times Interest Earned Ratio
This ratio measures a company's ability to meet its debt obligations based on its current income, calculated as earnings before interest and taxes divided by interest expense.
Income Before Taxes
The amount of revenue left after deducting all operating expenses, interest, and depreciation, but before paying income taxes.
Straight-Line Method
A depreciation technique where an equal amount of depreciation is charged for each year of the asset's useful life.
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