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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!

Variable general expenses: Indirect production costs, which change directly by the changes on the production volume. Such expenses are: electricity, materials and labour, etc.

VAT return – A regular report of sales and services subject to VAT which is required of firms registered for VAT.

Value Added Tax (VAT): A type of consumption tax that is placed on a product whenever value is added at a stage of production and at final sale. Value-added tax (VAT) is most often used in the European Union. The amount of value-added tax that the user pays is the cost of the product, less any of the costs of materials used in the product that have already been taxed.

Volume: The traded quantity of a certain asset for a certain period of time. It is used as a mean for measuring the market activity.

Volatility: An indicator which measures the degree to which a certain asset’s price is expected to vary for a certain period of time.