ExpenseAn expense is an item requiring an outflow of money, or any form of fortune in general, to another person or group as payment for an item, service, or other category of costs. For a tenant, rent is an expense. For students or parents, tuition is an expense. Buying food, clothing, furniture, or an automobile is often referred to as an expense. An expense is a cost that is "paid" or "remitted", usually in exchange for something of value. Something that seems to cost a great deal is "expensive".
Credit cardA credit card is a payment card issued to users (cardholders) to enable the cardholder to pay a merchant for goods and services based on the cardholder's accrued debt (i.e., promise to the card issuer to pay them for the amounts plus the other agreed charges). The card issuer (usually a bank or credit union) creates a revolving account and grants a line of credit to the cardholder, from which the cardholder can borrow money for payment to a merchant or as a cash advance.
Credit card fraudCredit card fraud is an inclusive term for fraud committed using a payment card, such as a credit card or debit card. The purpose may be to obtain goods or services or to make payment to another account, which is controlled by a criminal. The Payment Card Industry Data Security Standard (PCI DSS) is the data security standard created to help financial institutions process card payments securely and reduce card fraud.
Credit historyA credit history is a record of a borrower's responsible repayment of debts. A credit report is a record of the borrower's credit history from a number of sources, including banks, credit card companies, collection agencies, and governments. A borrower's credit score is the result of a mathematical algorithm applied to a credit report and other sources of information to predict future delinquency. In many countries, when a customer submits an application for credit from a bank, credit card company, or a store, their information is forwarded to a credit bureau.
Canton of UriThe canton of Uri (Kanton Uri ˈuːʁi Chantun Uri; Canton d'Uri; Canton Uri) is one of the 26 cantons of Switzerland and a founding member of the Swiss Confederation. It is located in Central Switzerland. The canton's territory covers the valley of the Reuss between the St. Gotthard Pass and Lake Lucerne. The official language of Uri is (the Swiss variety of Standard) German, but the main spoken dialect is the Alemannic Swiss German called de.
CreditCredit (from Latin verb credit, meaning "one believes") is the trust which allows one party to provide money or resources to another party wherein the second party does not reimburse the first party immediately (thereby generating a debt), but promises either to repay or return those resources (or other materials of equal value) at a later date. The resources provided by the first party can be either property, fulfillment of promises, or performances.
MulhouseMulhouse (myluz, in Alsatian Mìlhüsa mɪlˈhyːsa (Mülhausen myːlˈhaʊzn̩); meaning "mill house" is a city of the European Collectivity of Alsace (Haut-Rhin department, in the Grand Est region of France), close to the Swiss and German borders. It is the largest city in Haut-Rhin and second largest in Alsace after Strasbourg. Mulhouse is famous for its museums, especially the Cité de l'Automobile (also known as the Musée national de l'automobile, 'National Museum of the Automobile') and the Cité du Train (also known as Musée Français du Chemin de Fer, 'French Museum of the Railway'), respectively the largest automobile and railway museums in the world.
Air FranceAir France (ɛːʁ fʁɑ̃s; formally Société Air France, S.A.), stylised as AIRFRANCE, is the flag carrier of France headquartered in Tremblay-en-France. It is a subsidiary of the Air France–KLM Group and a founding member of the SkyTeam global airline alliance. , Air France serves 29 destinations in France and operates worldwide scheduled passenger and cargo services to 201 destinations in 78 countries (93 including overseas departments and territories of France) and also carried 46,803,000 passengers in 2019.
Canton of GenevaThe Canton of Geneva, officially the Republic and Canton of Geneva, is one of the 26 cantons forming the Swiss Confederation. It is composed of forty-five municipalities, and the seat of the government and parliament is in the City of Geneva. Geneva is the French-speaking westernmost canton of Switzerland. It lies at the western end of Lake Geneva and on both sides of the Rhone, its main river. Within the country, the canton shares borders with Vaud to the east, the only adjacent canton.
AccrualIn finance, an accrual (accumulation) of something is the adding together of interest or different investments over a period of time. For example, a company delivers a product to a customer who will pay for it 30 days later in the next fiscal year, which starts a week after the delivery. The company recognizes the proceeds as a revenue in its current income statement still for the fiscal year of the delivery, even though it will not get paid until the following accounting period.
Intercontinental ballistic missileAn intercontinental ballistic missile (ICBM) is a ballistic missile with a range greater than , primarily designed for nuclear weapons delivery (delivering one or more thermonuclear warheads). Conventional, chemical, and biological weapons can also be delivered with varying effectiveness, but have never been deployed on ICBMs. Most modern designs support multiple independently targetable reentry vehicle (MIRVs), allowing a single missile to carry several warheads, each of which can strike a different target.
International airportAn international airport is an airport with customs and border control facilities enabling passengers to travel between countries around the world. International airports are usually larger than domestic airports, and they must feature longer runways and have facilities to accommodate the heavier aircraft such as the Boeing 747 commonly used for international and intercontinental travel. International airports often also host domestic flights, which often help feed both passengers and cargo into international ones (and vice versa).
Income statementAn income statement or profit and loss account (also referred to as a profit and loss statement (P&L), statement of profit or loss, revenue statement, statement of financial performance, earnings statement, statement of earnings, operating statement, or statement of operations) is one of the financial statements of a company and shows the company's revenues and expenses during a particular period. It indicates how the revenues (also known as the “top line”) are transformed into the net income or net profit (the result after all revenues and expenses have been accounted for).
GenevaGeneva (dʒəˈniːvə ; Genève ʒənɛv) is the second-most populous city in Switzerland (after Zürich) and the most populous city of Romandy, the French-speaking part of Switzerland. Situated in the south west of the country, where the Rhône exits Lake Geneva, it is the capital of the Republic and Canton of Geneva, and a center for international diplomacy. The city of Geneva (ville de Genève) had a population of 203,951 in 2020 (Jan. estimate) within its small municipal territory of , but the Canton of Geneva (the city and its closest Swiss suburbs and exurbs) had a population of 504,128 (Jan.
Sub-orbital spaceflightA sub-orbital spaceflight is a spaceflight in which the spacecraft reaches outer space, but its trajectory intersects the surface of the gravitating body from which it was launched. Hence, it will not complete one orbital revolution, will not become an artificial satellite nor will it reach escape velocity. For example, the path of an object launched from Earth that reaches the Kármán line (about – above sea level), and then falls back to Earth, is considered a sub-orbital spaceflight.
Geneva ConventionsThe Geneva Conventions are four treaties, and three additional protocols, that establish international legal standards for humanitarian treatment in war. The singular term Geneva Convention usually denotes the agreements of 1949, negotiated in the aftermath of the Second World War (1939–1945), which updated the terms of the two 1929 treaties and added two new conventions. The Geneva Conventions extensively define the basic rights of wartime prisoners, civilians and military personnel, established protections for the wounded and sick, and provided protections for the civilians in and around a war-zone.
SwitzerlandSwitzerland, officially the Swiss Confederation, is a landlocked country located at the confluence of Western, Central and Southern Europe. It is bordered by Italy to the south, France to the west, Germany to the north and Austria and Liechtenstein to the east. Switzerland is geographically divided among the Swiss Plateau, the Alps and the Jura; the Alps occupy the greater part of the territory, whereas most of the country's population of 8.7 million are concentrated on the plateau, which hosts the largest cities and economic centres, including Zürich, Geneva and Basel.
Canton of BernThe canton of Bern or Berne (Kanton Bern; Chantun Berna; canton de Berne; Canton Berna) is one of the 26 cantons forming the Swiss Confederation. Its capital city, Bern, is also the de facto capital of Switzerland. The bear is the heraldic symbol of the canton, displayed on a red-yellow background. Comprising ten districts, Bern is the second-largest canton by both surface area and population. Located in west-central Switzerland, it is surrounded by eleven cantons. It borders the canton of Jura and the canton of Solothurn to the north.
Financial accountingFinancial accounting is a branch of accounting concerned with the summary, analysis and reporting of financial transactions related to a business. This involves the preparation of financial statements available for public use. Stockholders, suppliers, banks, employees, government agencies, business owners, and other stakeholders are examples of people interested in receiving such information for decision making purposes. Financial accountancy is governed by both local and international accounting standards.
Operating expenseAn operating expense is an ongoing cost for running a product, business, or system. Its counterpart, a capital expenditure (capex), is the cost of developing or providing non-consumable parts for the product or system. For example, the purchase of a photocopier involves capex, and the annual paper, toner, power and maintenance costs represents opex. For larger systems like businesses, opex may also include the cost of workers and facility expenses such as rent and utilities.
