Business Terminology Flashcards
AAA rating
a rating applied to bonds issued by the most creditworthy companies
appreciation
an increase in any item’s value over time
asset
an item which has intrinsic value
balance of trade
the difference between the value of a country’s exports and imports
broker
one acting as a middleman between buyers and sellers
commodities
raw material products as opposed to manufactured product
copyright
legal ownership and sole control over their creations granted to authors, artists, and certain others for a specific length of time
deficit
an excess of spending over time
deflation
fewer dollars buy more goods
discount rate
the interest rate charged by the federal reserve to its members (commercial banks)
due diligence
efforts made by investors to determine the legitimacy of securities
depreciation
reduction in value over time due to age or use
Dunn & Bradstreet
publishers of selected stock market prices
escrow
funds held in trust by a third party while a transaction is in progress
fair market value
the price which most willing sellers and buyers would agree upon during sale negotiations
federal reserve
the central banking system of the united states
FTC
federal trade commission
futures
estimates of commodity values at a future point in time
general domain
publications, musical compositions, or other items whose copyright protection has lapsed
the hill
relating to congress
inflation
more dollars buy fewer goods
LEI
leading economic indicators
liquidity
assets available for immediate use, versus assets held for investment or other purposes
NASD
national association of securities dealers
NASDAQ
stock price quotations published by NASD
NYSE
new york stock exchange
patent
legal ownership and sole control over their productions granted to inventors and certain others for a specific length of time
prime rate
the interest rate charged by banks to their preferred business customers
SEC
securities and exchange commission
securities
documents which show ownership of stocks or bonds
t-bill
a u.s. treasury note
trademark
similar to copyright but limited to names, symbols, or other product identification marks or company logos
