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.
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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). Financial justification 1) Process used to ensure that a particular project/ purchase is financially justified (ie by resulting savings or operational benefits achieved). |
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