The balance sheet is one of the most important pieces of financial information issued by a company. It is a snapshot of what a company owns and owes at that point in time. The income statement, in contrast, shows the company's revenues and profits over a certain period.
Variable interest entity. Variable interest entity (VIE) is a term used by the United States Financial Accounting Standards Board (FASB) in FIN 46 to refer to an entity (the investee) in which the investor holds a controlling interest that is not based on the majority of voting rights. It is closely related to the concept of a special purpose entity.
Interest is defined as the amount of money paid for the use of someone else's money. An example of interest is the $20 that was earned this year on your savings account. An example of interest is the $2000 you paid in interest this year on your home loan. The definition of interest is the right or claim someone has over something.