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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!

Joint stock company: A company which capital is divided into shares. The profit derived in the joint stock company is being distributed according to the amount of stocks possessed by the shareholders. It is important to be mentioned that every joint stock company in Bulgaria, regardless of its activity, turnover or profit is subject to an independent external audit.

Joint control: Agreed sharing of control over a certain financial-economic activity.

Joint venture: A joint venture is a business agreement in which parties agree to develop, for a finite time, a new entity and new assets by contributing equity. They exercise control over the enterprise and consequently share revenues, expenses and assets.

Joint cost: The expenses which arise from the production of two or more goods or services from one and the same production factors. The joint costs cannot be divided in separate costs for the production of every good or service. An example of such costs is the management costs.

Joint equity venture company: A joint-stock company which is owned by a state and privately owned company. It’s a popular legal form which gives the opportunity foreign companies to invest in countries in which the public sector or the public planning are predominant. In some cases such companies only exist until a certain basic project is being initiated.

Joint demand: A demand for complementary goods which are being used together, such as computers and software. The increase in the demand for one of these goods leads to an increase in the demand for the other. Usually there is an inverse relation between the price of the one good and the demand for the other.