Finances Glossary

Decode the buzzwords of the finances space
THE LANGUAGE OF FINANCES
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Startup Glossary  | Finanshels

Glossary

Running a business in the UAE means navigating a financial vocabulary that can feel overwhelming — especially if accounting is not your background. This glossary has been built specifically for UAE business owners, startup founders, and entrepreneurs. Every definition is written in plain English, tied to UAE regulations, and linked to deeper guides where relevant. Bookmark this page. You will come back to it.

Delaware Annual Report

The Delaware Annual Report is a form that must be filed each year by all corporations registered in the state of Delaware.

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Delaware Franchise Tax

Delaware Franchise Tax is a tax levied on businesses that are incorporated in the state of Delaware, even if they do not have a physical presence there.

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Depreciation

The allocation of the cost of a tangible asset over its useful life. For UAE corporate tax purposes, depreciation is a deductible expense, and businesses must choose an approved depreciation method and apply it consistently.

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Difference between bookkeeping and accounting

Bookkeeping and accounting are closely related and often used interchangeably, but there is a difference between the two.

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Difference between cash and accrual accounting

Cash and accrual accounting are two different methods that businesses can use to record and report their financial transactions.

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Difference between current and fixed assets

Current assets and fixed assets are two categories of assets that are used to classify a business's assets on its balance sheet.

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Difference between current and non-current liabilities

The main difference between current and non-current liabilities is their expected repayment period.

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Difference between gross and net profit

The main difference between gross and net profit is that gross profit only considers the costs of producing and selling products or services, while net profit considers all expenses incurred by a company.

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Difference between margin and markup

Margin and markup are two terms that are often used interchangeably, but they refer to slightly different concepts.

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Direct cost

A direct cost is a cost that can be easily and accurately traced to a specific product, service, or department.

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Doing Business As (DBA)

Doing Business As (DBA) is a term used to describe a business name that is different from the legal name of the company.

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Dollar-Based Net Expansion Rate (DBNER)

The Dollar-Based Net Expansion Rate (DBNER) is a measure of how much a company's customer base is growing in terms of the value of the products or services it sells.

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