aml

Meanings

• Noun

  Abbreviation for Assets, Liabilities, and Net Worth in financial accounting.

  - "Investors closely monitor their aml statement to keep track of their financial health."
  - "The bank requested all customers to provide their aml reports for loan approval."

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Variants

List of all variants of aml that leads to same result
amyl , amyls , amyl- , amylo- , amyl acetate , amyl acetates , banana oil , amyl alcohol , amyl alcohols , amyl nitrate , amyl nitrates , amyl nitrite , amyl nitrites

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Etymology

origin and the way in which meanings have changed throughout history.

An acronym formed from the initial letters of Assets, Liabilities, and Net Worth.

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Trivia

Any details, considerations, events or pieces of information regarding the word

1. The first known use of the term 'aml' in accounting was in the 18th century.

2. aml is an essential component of financial reporting and is required by regulatory bodies such as the Securities and Exchange Commission (SEC) and the Financial Conduct Authority (FCA).

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Related Concepts

informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to

1. Balance Sheet: aml is a financial statement that provides a snapshot of a company's financial condition at a specific point in time.

2. Financial Statement Analysis: Analyzing an aml statement is an essential part of financial statement analysis, which helps investors and creditors evaluate a company's financial health.

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Culture

Any cultural, historical, or symbolic significance of the word. Explore how the word has been used in literature, art, music, or other forms of expression.

aml is a widely used financial term and has no significant cultural or historical significance beyond its use in accounting.

How to Memorize "aml"

1. visualize
   

   - Imagine a balance scale with assets on one side and liabilities on the other. The net worth is the difference between the two.
   - Visualize a spreadsheet with columns for assets, liabilities, and net worth.

2. associate
   

   - Associate aml with financial health and stability.
   - Link aml with the idea of accurately reporting a company's financial position.

3. mnemonics
   

   - Use the acronym ALNW (Assets, Liabilities, Net Worth) to remember the order of the components in an aml statement.

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