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Tuesday, June 26, 2012

Finance Glossary

Walking Papers: Also called Walking Ticket. A notification of dismissal from a job.


Wet Lease: An arrangement in which an airline leases an aircraft, complete with crew, insurance, etc., to another company, usually for a short period of time.


White Collar Crime: An illegal act such as fraud, embezzlement, bribery, etc., committed by a worker in business or administrative function.


Z-Score: Developed by Dr Edward Altman of New York University in the 1960s, a measurement of the financial health of a company which predicts the probability of the company going bankrupt.