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3.01 EC-071 GLOSSARY

QuestionAnswer
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
Created by: christopher.f168
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