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301 EC-071 Glossary

Business Activities

TermDefinition
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
Expenses The money that a business spends
Financial analysis The process of planning, maintaining, monitoring, controlling, and reporting the use of finacial resources
Financial records Documents containing information related to the amount of money going into and out of a business
Financing Funding a business spends
Created by: dariel.a195
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