Definitions by Kung-fu Jesus

cinquecento 

(n.) An economy car made by Fiat. Small, ugly, terrible turning, slow, underpowered and unconfortable, this car remains a high-seller for fiat because of the low price and cheap maintainence. No male, not even a homosexual can keep his cool when seen driving this car by his friends.

A ford model T could smoke a cinquecento.

cinquecento by Kung-Fu Jesus May 6, 2004

bangalore torpedo 

(n.) anti-trap device created by Captain McClintock of the British army while serving in India, 1912. The "Torpedo" was a number of ten steel tubes, about 13 pounds in weight each, that were flat-packed and assembled as needed. The front-most pole would have an explosive on the end which would detonate any mines in the area or clear barbed wire.

During the American Omaha beach landings on d-day, 1944, they troops cut throught the barbed wire with a bangalore torpedo.

bangalore torpedo by Kung-Fu Jesus May 6, 2004

HM customs & excise 

(n.) Her Majesty's custom and excise, who control most of British taxation, and really don't give a shit that it's too much, so shut up and pay, you working class daily star and the sun readers who bitch about the government.

HM customs & excise will amalgamate themselves with the Inland Revenue in a few years.

HM customs & excise by Kung-Fu Jesus May 6, 2004

a/c

Shorthand for account

Capital account - cptl a/c

a/c by Kung-Fu Jesus May 6, 2004

capital account 

(n.) Rarely accessed account that records only permanent changes in capital, such as drawings or withdrawl of capital.

The interest on my capital a/c is given to the current account.

capital account by Kung-Fu Jesus May 6, 2004

Goodwill 

(n.) The difference between the value of a business as a whole and the sum of its' net assets. Usually a measurement of reputation, position, contacts etc etc. When a new partner is accepted into the business, they must buy thier share of the goodwill


Can be positive or negative.

Goodwill in the business as at 31 dec 2003 was valued at £80,000.

Goodwill by Kung-Fu Jesus May 6, 2004

COGS 

Acronym: Cost of Goods sold. This is the cost of buying in goods.

Purchases, carriage in etc.

COGS by Kung-Fu Jesus May 6, 2004