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A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

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ABN (Australian Business Number) – Registered businesses within Australia are issued with this number by the Australian Taxation Office (ATO). They must display this number on paperwork and transactions for tax purposes.

Account number – Each bank account held with an Australian financial institution has a corresponding unique account number.

Accruals basis – Transactions recorded where a physical exchange of goods and/or services has taken place. Also Invoice Basis.

Accrued interest – Interest that is yet to be charged or paid, but is nonetheless owing.

Acquisitions – Purchases made by an individual for business purposes. Includes goods, services and equipment.

Additional repayments – Loan repayments made over and above the minimum payment set down in the terms of the loan agreement.

Administration fee – Banks charge a monthly fee to an account for its management and for services they have provided.

Amortisation fee – The length of time in which a loan must be repaid as set down in the terms of the agreement.

Amount due – Outstanding money owing on an account.

Application fee – An amount charged for creating a loan.

APR (Annual Percentage Rate) – For a loan, the interest rate that is charged over a 12-month period. In general, interest is compounded on a daily basis, but it's usually charged on a monthly, quarterly or yearly basis.

Arrears – Outstanding overdue amount that hasn't been paid by the date on which it is due.

ASIC (Australian Securities and Investments Commission) – Government body which has oversight over banks and other Australian financial institutions.

Asset (secured) - An asset provided as collateral by the borrower to provide security on a loan.

ATO – The Australian Taxation Office.

Attribution – A series of rules concerning GST liability and input tax credit entitlements which arise in respect of supply.

Automatic deduction – see Direct Debit.