Definition

To meet the specific standards or prerequisites required to be eligible for something—a job, a competition, a loan, whatever gatekeeping mechanism is in place. You've jumped through the hoops; now you're officially allowed to proceed.

Example Usage

You must qualify for the mortgage by submitting proof of income and a clean credit report.

Source: Merriam-Webster via Free Dictionary API

Related Terms

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receivership

The financial equivalent of calling in a responsible adult when you've made a complete mess of things—a court-appointed receiver takes control of a failing company to salvage whatever value remains for creditors. It's bankruptcy's slightly less dramatic cousin, where someone competent temporarily runs your business while you watch from the sidelines. Usually signals that things have gone very, very wrong.

💰 Finance / Accounting
Intermediate

turnover

Either the total sales a company racks up in a period, or the depressing rate at which employees flee for greener pastures—context is everything. In finance, high turnover is great; in HR, it's a red flag the size of a building. It can also refer to how quickly inventory or assets get cycled through, because apparently one word needs to do the work of five.

💰 Finance / Accounting
Beginner

liquidity ratio

A metric measuring a company's ability to meet short-term obligations with liquid assets, like the current ratio or quick ratio. Think of it as the financial equivalent of asking whether you can make rent next month without selling your car.

💰 Finance / Accounting
Beginner

Cash Flow

The movement of money in and out of a business, which in most startups flows primarily in the out direction at an alarming velocity. Positive cash flow means more money coming in than going out, a concept that seems simple until you try to actually achieve it.

💰 Finance / Accounting
Beginner

capital

Money, equipment, or assets used to generate more wealth—essentially the financial fuel that makes the economic engine go vroom. In finance, it's the cash you invest; in economics, it's one of the holy trinity of production factors alongside labor and land. Venture capitalists have lots of it, and startups are perpetually hunting for it like caffeinated treasure hunters.

💰 Finance / Accounting
Intermediate

Cash Flow Statement

A record of actual money moving in and out—the only financial statement that truly matters to people who need to eat.

💰 Finance / Accounting

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