Definitions 8 Flashcards
Stock market
A market where second hand shares are bought and sold
Share capital
Money introduced into the business through the sale of shares
Venture capitalists
Providers of funds for small or medium sized companies that may be considered too risky for other investors
Footloose businesses
Businesses that are not tied to a particular location.
Contract of employment
An agreement between an employer and an employee which has certain obligations
Permanent employment
Employment for an indefinite period of time
Self-employed
A worker who makes his or her own decisions about accepting work and conditions of work and pays his or her own tax and National Insurance contributions.
Temporary employment
Employment for a limited or finite period of time
Vicarious liability
When employees are liable for the wrongful actions of their employees
