Arrears refers to payments that are overdue and that are supposed to be made at the end of a given period after missing out on the required payments.| Corporate Finance Institute
The real economy refers to all real or non-financial elements of an economy. An economy can be solely described using just real variables.| Corporate Finance Institute
Normal goods are a type of goods whose demand shows a direct relationship with a consumer’s income. It means that the demand for normal goods| Corporate Finance Institute
Taxable income refers to any individual's or business’ compensation that is used to determine tax liability.| Corporate Finance Institute
The Chief Executive Officer (CEO) and the Chief Financial Officer (CFO) take on different but equally important responsibilities in an organization.| Corporate Finance Institute