Level 11
5 words 0 ignored
Ready to learn
Ready to review
Ignore words
Check the boxes below to ignore/unignore words, then click save at the bottom. Ignored words will never appear in any learning session.
Ignore?
UNDESIGNATED NET ASSETS
Unrestricted net assets less board-designated assets and net investments in plant and equipment. This balance represents net assets generally available to meet operating needs.
UNDESIGNATED UNRESTRICTED NET ASSETS
The estimated amount of unrestricted net assets NOT invested in P&E or board-designated reserves. Essentially this is the liquid amount of unrestricted net assets available to support operations.
UNRESTRICTED NET ASSETS
Funds that have no external restriction as to use or purpose.
UNSECURED DEBT
A loan obligation that is not backed by the pledge of specific collateral.
WORKING CAPITAL
Strict accounting definition is current assets less current liabilities. But it is often used to describe the amount of liquidity an organization has at its disposal; i.e. how much cash and near cash
