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1586 terms

Glossary

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

Contract liability

Accounting
Also called: Contract liabilities, Advance from customer

Money billed or received from a customer before the related work has been performed.

In plain terms

The cash is already in, so it unwinds rather than converts. A large balance flatters working capital, and the following years pay it back.

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Indian stock market glossary · Market Vidyalaya