financial

Financial standing

1) Term used in operator licensing to indicate whether a licence applicant/holder has sufficient funds to be able to operate his vehicles both legally and safely.

Financial ratio

1) System used (mainly) in accounting and by bank managers to give a quick indication of the financial standing of a firm/ client (eg current ratio which indicates the relationship of a firm’s assets to its liabilities, or liquidity ratio – working capital to current liabilities – which indicates how quickly a firm could settle its debts).