1st Flashcards
crowdfunding
an internet phenomenon,where strangers learn about a business online and then decide whether to make an investment or not.
deductible
the amount an insurance company makes a policy holder pay as part of any claim.
default
failure to repay a loan
determination
the commitment to get something done.
differentiated offering
distinguishing a product or service ‘different that anything else’ attracting customers,generating sales and serving as a foundation for a thriving business.
dividend
money paid by a company to a person who owns stock in that company.
elevator speech
a clear,concise and compelling way to describe a business or new business concept in 30 seconds
engaging question
open ended questions that prompt more than a yes or no answer
equity
funds contributed by investors to a business
financial literacy
understanding how individuals and businesses earn money and what they spend money on.
fiscal year
a 12 month period a company uses to report financial results
fixed costs
costs that do not vary based on the units sold by the enterprise.
geaux biz portal
a computer portal offered by Louisiana secretary of state that enables entrepreneurs to go to a single source to learn which forms they need to file .
grit
an individuals self commitment to overcome obstacles to achieve long-term goals .the ability to keep persuing your dreams despite challenges.
guarantor
a credit worthy individual or business with sufficient liquidity promises to repay a loan in the event that the debt holder cant make a payment required
ira
a special account where individuals can deposit retirement funds that can grow tax-deffered until they withdraw them after they retire.
installment payment
debt owed to someone that is paid monthly
insurance claim
the amount an insurance policyholder receives from the insurance company to reimburse the policy holder for a coverd loss.
insurance policyholder
the individual or business that insurance policy for various types of protection.
insurance premium
the amount a policyholder pays for an insurance policy.
intellectual property
non physical assets created by individuals or companies that hold the legal right to commercialize.
copyright
give the author sole right to benifet economically from what he/she wrote.
patent
gives the inventor sole right to benifet commercially from his/her invention.
trade mark
gives the registering individual or company the sole right to benifet from the brand or image he/she created.
