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Welcome to our Glossary section! We are very happy to see you here! This is the place where we will do our best to include as many terms from the accounting and financial world as possible so that we fully respond to your research and business needs.

Our team will constantly work on the content so that we make sure that you always stay satisfied with the information you obtain. We have sorted the terms alphabetically so that it is convenient for you to navigate through the section. In addition, we have integrated a special division dedicated to curious terms from the stock market. We hope you find them as much enjoyable as we do.

Sb Team wishes you a pleasant and fruitful navigation through our Glossary section!

Tariffs: An tax of importing goods from abroad, which is an addition to the producer/importer costs and which is being covered by an increase of the final price and subsequently by the consumer.

Time deposits: Deposits with higher interest rate, in which the money are blocked for a certain period of time, usually one, three, six or twelve months.

Technical analysis: Predicting the price movements through the deals volume analysis, as well as the demand and supply analysis, short term and long term trend and other market factors.

Tax profit/loss: The profit/loss for a certain period of time, stated with regard to the tax legislation and regulations and on which base the amount of the owed or redeemable taxes is calculated.

Tax profit/loss: The profit/loss for a certain period of time, stated with regard to the tax legislation and regulations and on which base the amount of the owed or redeemable taxes is calculated.

Transitional invoiced amounts: Invoiced amounts for accomplished work under the contract, regardless whether they are paid by the client or not.

Temporary differences: The differences between the balance value of a certain asset or liability and its tax base.

Tax base of an asset: The asset’s value for tax purposes. In addition, the tax base of an asset is the amount which applies for write off from all the future economic benefits (incomes) which the company is going to achieve in order to recover the balance value of the asset.

Tax base of a liability: The liability’s value for tax purposes. In addition the tax base of a liability is its balance value deducted by all the amounts which are taxable for future periods. In case of received in advance income the tax base of the occurred liability is its balance value deducted by the income amounts which are not going to be taxable in future periods.

Trade obligations: The obligations for payment of received products or services which have been invoiced or were a subject of a formal agreement with the supplier.

Tangible asset: Assets that have a physical form. Tangible assets include both fixed assets, such as machinery, buildings and land, and current assets, such as inventory. The opposite of a tangible asset is an intangible asset (see intangible asset).

Technical analysis: A method for estimation and prediction of the assets’ value by using market activity indicators such as the historical price and the trading volume. The technical analysts use graphics on the prices for prediction of the future activity.

Trend: The trend is the main direction to which a price or a market is moving and directing. It can be short-termed, middle-termed or long-termed, depending on the examined time interval. During the term there are temporary movements in the opposite direction observed, which are called corrections. In case when the trend cannot be determined the situation is defined as a lack of trend or consolidation.

Trial balance: A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit columns. A company prepares a trial balance periodically, usually at the end of every reporting period. The general purpose of producing a trial balance is to ensure the entries in a company’s bookkeeping system are mathematically correct.

Trade register: A register to the Registry Agency where all the legal entities and their circumstances are being recorded.