Business Glossary

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A

Accounting and Corporate Regulatory Authority (ACRA)
Acquisition
Accrual Accounting
Amortisation
Annual General Meeting (AGM)
Annual Report (AR)
Apostille
Arbitration
Articles of Association
Assessable Income
Audit
Audited Financial Statements
Auto-Inclusion Scheme

B

Balance Sheet
Banker’s Guarantee
Basis Period
Beneficial Owner
BizFile
Board Meeting
Bookkeeping
Branch Office
Budgeting
Building and Construction Authority (BCA)
Business Grants Portal
Business Improvement Fund (BIF)
Business Visa for Singapore
Business Profile

D

Declaration of Solvency
Deductions
Deed of Guarantee
Dependant’s Pass
Digital Bank
Directors’ Resolution in Writing (DRIW)
Dividend
Dividend Voucher
Dormant Company
Double Taxation Agreement (DTA)
Drag Along
Due Diligence

E

E-commerce
Electronic Register of Members (eROM)
Employee Stock Ownership Plan (ESOP)
Employment Pass (EP)
EntrePass
Enterprise Development Grant (EDG)
Enterprise Innovation Scheme (EIS)
Enterprise Singapore
Estimated Chargeable Income (ECI)
Exempt Private Company (EPC)

F

Factoring
Family Office
Fiduciary Duties
Financial Statements
Financial Year End (FYE)
First In, First Out (FIFO)
Force Majeure
Forecasting
Form 45
Form 45B
Form C-S/C
Form C-S (Lite)
Form M
Founder
Free Trade Zone
Fund Accounting

J

Job Growth Incentive (JGI)
Job Support Scheme (JSS)
Joint Venture

K

Knowledge Capital
Know Your Customer (KYC)

L

Last In, First Out (LIFO)
Ledger
Letter of Consent (LOC)
Limited Liability Company (LLC)
Limited Liability Partnership (LLP)
Limited Partnership (LP)
Liquidation (Court Order/Compulsory)
Liquidation (Voluntary)
Long Term Visit Pass (LTVP)

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M

Majority Shareholder
Market Readiness Assistance Grant (MRA)
Member
Memorandum of Association
Memorandum of Understanding
Ministry of Manpower (MOM)
Ministry of Trade and Industry (MTI)
Minority Shareholder
Model Constitution

N

National Registration Identity Card (NRIC)
Neobank
Nominee Director
Nominee Shareholder
Non-Disclosure Agreement (NDA)
Non-Profit Organisation (NPO)
Notice Of Assessment (NOA)

O

Offshore Bank
Offshore Company

P

P-Max
Paid-up Capital
Partnership
Partnership Agreement
PayNow
Payroll
Permanent Resident (PR)
Personal Data Protection Act (PDPA)
Personalised Employment Pass (PEP)
PMETs
Pre-emption
Private limited company
Productivity Solutions Grant (PSG)
Profit and Loss
Proxy
Public Company
Publicly Traded Company

Q

Quickbooks Accounting
Quorum

R

RaiSE (Singapore Centre for Social Enterprise)
Re-domiciliation
Receivership
Register of Charges
Register of Nominee Director
Register of Registrable Controllers (RORC)
Registered Office Address
Registrar of Societies
Representative Office
Resolutions
Royalties

T

Tag Along
Talenox
Tax-deductible
Tax Identification Number (TIN)
Trademark
Trust
Temporary Bridging Loan
Temporary Employment Credit (TEC)

U

Unique Entity Number (UEN)
Unaudited financial statement
Undischarged Bankrupt
Urban Redevelopment Authority (URA)

V

Variable Capital Company (VCC)
Venture Capitalist (VC)
Venture For Good Grant (VFG)
Virtual Office

W

Wage Credit Scheme
Will
Withholding Tax (Section 45)

X

eXtensible Business Reporting Language (XBRL)
Xero

Y

Year of Assessment (YA)

Z

Zero Rated Supplies
Zero-rised Financial Statement

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