MGMT 100 Study Guide - Final Guide: Debenture, Commercial Finance, Sinking Fund
Document Summary
A long-term legal obligation of a corporation or government to make regular interest payments during the term of the bond and to repay the entire bond principal at a prescribed date. Bonds can be issued by large organizations including different levels of government, government agencies, corporations, and foreign governments and corporations. budget. A financial plan that sets forth management"s expectations, and, on the basis of those expectations, allocates the use of specific resources throughout the firm. capital budget. A budget that highlights a firm"s spending plans for major asset purchases that often require large sums of money, like property, buildings, and equipment. capital expenditures. Major investments in either tangible long-term assets such as land, buildings, and equipment, or intangible assets such as patents, trademarks, and copyrights. cash budget. A budget that estimates a firm"s cash inflows and outflows during a particular period (e. g. monthly, quarterly). cash flow forecast.
