• A summary of an organizations assets (what it owns), liabilities (debts it owes) and equity (net worth) at a point in time.  Assets are listed on the left-hand side liabilities and equities are listed on the right-hand side. 
  • A higher than normal final payment for a loan in return for lower regular repayments.
  • A legal status of a person or corporation that cannot repay the debts it owes.  In most jurisdictions, bankruptcy is imposed by a court.
  • A person who receives a gift.  The person(s) you name to receive your estate assets at your death.
  • The act of giving or leaving personal property by a will.
  • A written promise made by governments and companies to repay any money borrowed, with interest, on a certain date in the future.
  • A plan of spending over a certain length of time, based on how much income a person(s) or organization anticipates having.
  • An organization's internal operating rules.  (The bylaws of each local Church of the Nazarene is the Manual of the Church of the Nazarene.)