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3.01 EC-071 GLOSSARY
Question | Answer |
---|---|
ANGEL INVESTOR | Someone who provides startup money to a new business |
ASSET | Anything of value that a business or individual owns |
BOND | A piece of paper (whether real or virtual) that says a governing body or corporation will borrow an investor's money at a particular interest rate for a particular period of time |
BUSINESS | An organized effort to produce and/or distribute goods and services. |
CREDIT | The arrangement by which businesses and individuals can purchase now and pay later |
CREDIT RATING | The score assigned to a borrower based on previous loans |
DATABASE | A virtual storage unit for information |
DEBT | Money businesses or individuals owe to others |
EQUITY | Assets minus liabilities; also known as stockholders' (or shareholders') equity, book value, and net worth |
EXECUTIVES | Top-level employees |