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Lexicon  /  Financial glossary
 
  • BALANCE SHEET
    The balance sheet summarises, at a given moment, the entirety of the assets employed by a business and of its financial resources. By definition these two are always equal.
  • BREAK EVEN POINT
    Break even is the level of activity or turnover at which the revenues cover all the costs. At this level of business profitability is thus nil.

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