Glossary
- cash flow
- This is the actual movement of cash into and out of a business. It does not include money owed, only money paid.
- lack of liquidity
- This exists when a business has insufficient liquid assets (cash or stock) to meet its immediate obligations.
- liquidity
- Accounting liquidity measures the ease with which a business can meet its financial obligations with the liquid assets available to them.
- philanthropic
- Charitable giving to human causes on a large scale. Philanthropy must be more than just a charitable donation; it is an effort undertaken by an individual or organisation based on an altruistic desire to improve human welfare. Wealthy individuals sometimes establish foundations to facilitate their philanthropic efforts.
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Acknowledgements