Jackson Swiss Partners
General

Liability

Sums owed by a person or company, settled through the transfer of cash, goods or services and recorded against assets on the balance sheet. Liabilities include loans, accounts payable, mortgages, deferred revenues, bonds, warranties and accrued expenses; the term can also refer to a legal or regulatory obligation.

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Working Capital

The cash a business has tied up in day-to-day operations, broadly its current assets minus current liabilities. Healthy working capital lets a company pay suppliers and staff while waiting on customer payments.

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Emerging Markets

Economies that are developing toward advanced-market status, often offering higher growth alongside greater currency, political and liquidity risk. Trading with them frequently calls for tailored FX and payment solutions.

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Annual General Meeting (AGM)

A formal, legally mandated gathering where a company’s shareholders meet with the board of directors and executives once a year to discuss financial performance and strategic direction. Publicly listed companies must hold AGMs to comply with corporate governance laws, while rules for private companies vary by jurisdiction.

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Basis Point (bps)

A unit of measurement equal to 1/100th of 1%, or 0.01%, pronounced ‘bips’. Basis points are commonly used to describe small movements in interest rates, bond yields and exchange rates.

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Capital Gains

The profit earned from selling an asset, such as stocks, bonds or real estate, for more than its purchase price. Capital gains are taxable and classified as short-term or long-term depending on the holding period.

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Compliance

Adherence to the laws, regulations, guidelines and specifications relevant to a business. In the FX market it involves following financial services rules and guidelines.

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