Economic Terms

№ 1
Term
Balance of payment (balance of trade)
Definition
the difference between the value of exports and the value of imports
Translation
Maksājumu bilance
2 Assurance
life insurance, it is a system under which, in return for paying premiums, you are assured a sum of money either when you reach a certain age or on death
Dzīvības apdrošināšana
3 Balance sheet
a document which reports the company`s financial condition on a specific date
Bilance
4 Outstanding
Not yet paid. E.g. outstanding bill.
Neapmaksāts.…