confirmatory

Definition

The bureaucratic high-five: something that serves to confirm what you already suspected or legally needed verified. Often seen in audits, testing, and situations where 'I told you so' requires documentation.

Example Usage

The confirmatory test results aligned with our initial findings from the previous quarter.

Source: Audit and verification standard terminology

Related Terms

Beginner

investments

Capital placed somewhere with the expectation of future returns, or what people call their lottery tickets when they want to sound financially sophisticated. Can range from buying stocks and bonds to funding your cousin's cryptocurrency scheme that's 'definitely going to moon.' The difference between an investment and gambling is mostly how you explain losses at dinner parties.

💰 Finance / Accounting

Intermediate

accrue

The accounting equivalent of 'it's building up whether you like it or not'—when money, benefits, or consequences accumulate over time like interest or regret. It's the gradual increase that happens in the background while you're not paying attention, eventually becoming a number on a financial statement. The reason your vacation days or debt mysteriously grow without you doing anything.

💰 Finance / Accounting

Beginner

collateral

The stuff you promise to forfeit if you can't pay back a loan—basically insurance for lenders who don't trust your word alone. It's the financial equivalent of leaving your driver's license at the bowling alley when you rent shoes. Can be your house, car, or collection of vintage Beanie Babies (though banks prefer the first two).

💰 Finance / Accounting

Advanced

transfer pricing

The prices charged between subsidiaries of the same multinational corporation for goods or services, theoretically based on arm's-length principles but conveniently used to shift profits to low-tax jurisdictions. Tax authorities are not amused.

💰 Finance / Accounting

Intermediate

capitalism

An economic system where the means of production are privately owned and operated for profit, creating a delightful paradox where the invisible hand of the market somehow manages to be both magical and occasionally prone to slapping people in the face. It's the reason your coffee costs $7 and someone had to invent the term 'disruption.' Love it or hate it, it's what's paying for your avocado toast.

💰 Finance / Accounting

Advanced

Fair Value Adjustment

A change in an asset's recorded value to reflect what the market currently thinks it's worth. Sometimes this is realistic; sometimes it's a company admitting it made a terrible investment.

💰 Finance / Accounting

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