BALANCE SHEET

Also called the statement of financial condition, it is a summary of a company's assets, liabilities, and owners' equity.

A financial report providing account balances on a company's assets and liabilities along with the owners equity for a particular period.

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A final payment of a mortgage loan that is considerably larger than the required periodic payments because the loan amount was not fully amortized.

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A listing of all assets and liabilities for an individual or a business. The surplus of assets over liabilities is the net worth, or what is owned free of debt.