2023-12-20T09:35:12-08:00[America/Los_Angeles]
What does SOHO mean?
SOHO stands for Small Office/Home Office and is a term used in finance to refer to businesses that operate from a small office or from a residential space. These businesses typically have a small number of employees and are often involved in industries such as consulting, freelancing, and online retail. The term SOHO is often used to distinguish these businesses from larger corporations or traditional office-based businesses. In finance, SOHO businesses may have specific credit and financing needs that differ from larger companies, and financial institutions may offer specialized products and services tailored to meet the needs of SOHO businesses.
![What does write-off mean?]()
What does write-off mean?
A write-off in finance refers to the process of removing an asset or liability from a company 's balance sheet .
![What does option mean?]()
What does option mean?
In finance , an option refers to a derivative contract that gives the holder the right , but not the obligation , to buy or sell a specific asset at a
![What does corporate annuity refer to?]()
What does corporate annuity refer to?
A corporate annuity , also known as a corporate pension plan or a defined benefit plan , is a type of retirement savings plan offered by a company to its