Business buffer
Market basicsWorking capital held to fund quiet months in a business with irregular income.
In plain terms
Not the emergency fund. Merging them means discovering during a bad quarter that the emergency fund is gone.
Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
Showing 1 term
Working capital held to fund quiet months in a business with irregular income.
Not the emergency fund. Merging them means discovering during a bad quarter that the emergency fund is gone.