Financial Burden

White Elephant
A white elephant refers to a cumbersome and expensive possession that is difficult to dispose of, stemming from a tale of ancient Siam where albino elephants were given to disgraced courtiers by the king, leading to their financial ruin.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.