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301 EC-071 Glossary
Business Activites
Term | Definition |
---|---|
Angel Investor | someone who provides startup money to a new business |
Asset | Anything of value that a business or individual |
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 or 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 |
Expenses | The money that a business spends |