Glossary

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Crowd Funding

The collective effort of individuals who network and pool their money, usually via the internet, to support efforts initiated by other people or organizations. Crowd funding is used in support of a wide variety of activities, including disaster relief, startup company funding, inventions development, scientific research, and civic projects.

Current Assets

Cash, accounts receivable, inventory, and other assets that are likely to be converted into cash, sold, exchanged, or expensed in the normal course of business, usually within a year.

Current Liabilities

Debt or other obligations due to be paid within the current period, usually a year.

Current Portion Of Loans Payable

Those portions of loans that are due to be repaid BY the organization within the current year.

Current Portion Of Loans Receivable

Those portions of loans that are due to be paid back to the organization within the current year.

Current Ratio

Current assets divided by current liabilities. The ratio shows a company's ability to pay its current obligations from its current assets.

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