Definition: Enacted in 2002, and sometimes abbreviated to Sarbox or just Sox, the law that was created to prevent corporate implosions such as those at Enron, Worldcom, and Adelphia Communications. The law put stricter rules on corporate Boards of Directors, executives of corporations, and their auditors (ie: independent firms that check corporations’ financial records).
Definition: The total amount of money that customers have paid (or agreed to pay) for the products and services a company has provided in a given period. This dollar amount is shown on the top line of the company’s periodic Income Statements. It is often interchanged with the term Revenue.