GLOSSARY
A SUMMARY OF THE DEFINITIONS USED IN THIS BOOK

. Amortization fund. — (See Fund, depreciation.)
Amount. — The amount of any given sum at a given time is its
equivalent at a later time. Ch. XIII, § 1.
Assets of a person. — His property-rights, including both those
which make good his liabilities and those, if any, which
are in excess of and free from any liability. (Syn. Resources.)
Ch. V,§1.
Balance sheet. — A statement of a person’s assets and liabilities.
(Syn. Capital account.) Ch. V, § 1.
Basis. — The rate of interest yielded by a security when sold at a
specified price. Ch. XVI, § 9.
commercial, of a security. — The basis corresponding to the
commercial value of the security. Ch. XVI, § 8.
mathematical, of a security. — The basis corresponding to the
mathematical value of the security. Ch. XVI, § 8.
riskless, of a security. — The basis corresponding to the riskless
value of the security. Ch. XVI, § 8.
Capital. — Abbreviation for Capital goods, and Capital value.
0h. V, § 1.
account. — (See Balance sheet). Ch. V, § 1.
balance. — The difference between the value of the assets in a
balance sheet and of the liabilities. (Syn. Net capital.)
The capital balance is measured in three different ways:
as the nominal capital (or capitalization), the book value, and
the market value of the rights of the shareholders or those
whose capital account is considered. Ch.V,§ 1.
book value of. — The sum of the capital, surplus, and undivided
 profits, i.e. the difference in value at any time between
the assets and liabilities according to the entries in the capital
account. Ch. V, § 4.
goods. — Capital-wealth or capital-property. Ch. V, § 1.
as market value of shares. — The market value of the shareholders’
 rights in a concern. Ch. V,§4
instruments. — (See Capital wealth.)
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