Unit 5:FinancialInfo Word Scramble
|
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Term | Definition |
Accounting Equation | Assets= Liabilities + Capital |
Accounts Payable | money owed for credit purchases |
Accounts Receivable | the amount owed by customers |
Assets | things owned, such as cash and buildings |
Balance Sheet | a financial statement that lists the assets, liabilities, and capital of a business |
Bank | an institution that accepts demand deposits and makes commercial loans |
Bond | a long-term written promise to pay a definite sum of money at a specified time |
Bonding | provides payment of damages to people who have losses resulting from the negligence or dishonesty of an employee or from the failure of the business to complete a contract |
Book Value | the value of a share of stock that is found by dividing the net worth (assets minus liabilities) of the corporation by the total number of shares outstanding |
Budget | a financial plan extending usually for one year |
Capacity | earning power |
Capital | what a business is worth after subtracting liabilities from assets |
Certificate of Deposit (CD) | a savings account that requires an investor to deposit a specified sum for a fixed period at a fixed interest rate |
Character | an indication of one's moral obligation to pay debts |
CHeck | a written order on a financial institution to pay previously deposited money to a third party on demand |
Collateral | property a borrower pledges to assure repayment of a loan |
Commercial Loan | a loan made to a business |
Common Stock | ownership that gives holders the right to participate in managing the business by having voting privileges and by sharing in the profits (dividends) if there are any |
Conditions | factors related to the economy and other matters, such as the economic health of an community or nation and the extent of business competition that affects credit decisions |
Direct Deposit | allows business to electronically transfer employees' paychecks directly from the employer's bank account to employees; bank accounts |
Disability Insurance | offers payments to employees who are no longer able to work because of accidents or illnesses |
Electronic Fund Transfer (EFT) | transferring money by computer rather than by check |
Endorsement | the signature--usually on the back-- that transfers a negotiable instrument |
Equity Capital | money invested in the business by its owner or owners |
Financial Statements | reports that summarize financial data over a period of time |
Health Insurance | provides protection against the expenses of health care |
Income Statement | a financial document that reports total revenue and expenses for a specific period |
Initial Public Offering (IPO) | the first time a company sells stock to the public |
Installment Credit | credit used when a customer makes a sizable purchase and agrees to make payments over an extended but fixed period of time |
Insurance | a risk management took that limits financial loss from uncontrollable events in exchange for regular payments |
Investment Companies | an organization that specializes in the sale of a variety of stocks, bonds, and other securities |
Liabilities | claims against assets or things owed; the debts of a business |
Liability Insurance | provides protection for risks involved in operating a business |
Life Insurance | provides money that is paid upon the death of the insured to a person or people identified in the insurance policy |
Malpractice Insurance | a type of liability insurance that protects against financial loss arising from suits for negligence in providing professional services |
market Value | the value at which stock is bought and sold on any given day |
No-Fault Insurance | Each insurance company is required to pay the losses of its insured when an accident occurs, regardless of who might have been responsible for the loss |
Non-bank Financial Institution | an institution that offers on demand deposits or commercial loans, but not both |
Preferred Stock | Ownership that gives holders preference over the common stockholders when distributing dividends or assets |
Prime rate | the lowest rate of interest; the rate at which large banks loan large sums to the best-qualified borrowers |
Promissory Note | an unconditional written promise to pay a certain sum of money, at a particular time or no demand, to the order of one who has obtained the note |
Risk | The uncertainty that a loss may occur |
Savings Account | an account that allows customers to make deposits, earn interest, and make withdrawals at any time without financial penalties |
Secured Loan | a loan that requires the borrower to pledge something of value as security |
Securities | stocks and bonds |
Smart Card | a credit and debit card with a memory that stores financial, health, credit and other kinds of data that can be read by computers |
Stock | a share of ownership in a corporation |
Stockbroker | a professional who buys and sells corporate securities for customers through a stock brokerage firm and gives investment advice |
Unsecured Loan | a loan that is not backed by collateral |
Venture Capitalist | an investor or investment group that lends large sums of money to promising, new, or expanding small companies |
Working Capital | the difference between current assets and current liabilities |
Created by:
rachel.smith
Popular Finance sets