Definitions or Explanations Flashcards
Money, assets, and property owned by a company?
Capital
Organized market where shares are traded
Stock exchange
The total value of shares of a company?
Share capital
A person that owns (holds) shares
Shareholder
The condition when a company is unable to pay its liabilities?
Bankruptcy
Collecting money for a worthy case
Fundraising
Money available to a company trough its shares
Equity finance
To buy and sell shares
To trade shares
Money invested in a new business?
Start-up capital
Someone you owe money to?
Creditor
Money paid to shareholders from company profit?
Dividend
The cost of borrowing money?
Interest rate
A system of comparing share prices to a prvious level?
Share index
Making shares available on the stock exchange?
Going public
Equal parts of ownership of a company?
Equities/shares/stocks
Shares of large financially sound companies?
Blue chips
A company’s ability to pay debts
Creditworthiness
Developing and less developed countries
The third world
Removing barriers to trade
Trade liberalization
Only one company offers goods or services in a market and so it can dictate prices
Monopoly
Quantity or value restrictions on imports
Quotas
When companies agree to fix prices together instead of competing
Cartel
A factor that prevents rivals from entering the market
Barrier to entry
Buying goods directly from producers at a fair price
Fair trade
The tendency for the world economy to function as a whole
Globalization
Taxes on imported goods also called import duties
Import tariffs
Selling below production costs
Dumping
When suply exceeds demand
Saturation (zasičenost)
Imports exceed exports
Trade deficit
Government money to support domestic farming or industry
Subsidy
Using import to help your country’s trade
Protectionism
Companies try to sell more and make more profit than rivals
Competition
The difference between payments for exports and imports
Balance of payments
A blockade of all of one country’s trade by another
Embargo
Something that makes a company more able to compete
Comparative advantage
Exports exceed imports
Trade surplus
A measure imposed to punish a country for various reasons
Sanction
An increase in the price of goods set by retailers or dealers
Mark-up
A person or organisation that helps arrange deals
Intermediary
A system for moving goods from producers to consumers
Distribution channel
The business of carrying goods by road or rail
Haulage
Collection, transportation and delivery of goods
Forwarding
The management of the flow of products from raw materials to finished goods
Logistics
Buying servicesfrom other companies rather than providing your own
Outsourcing
A series of organisations involved in the movement of goods
Supply chain
A body representing organization within the same trade
Trade association
Goods carried in large quantities by plane, ship, road, or train
Freight
A load of goods send by road, rail, air, or sea
Shipment
Storing goods in large quantities called stock or inventory
Warehousing
A reduction in price offered to a business
Trade discount
A large request for goods or services
Bulk order
Goods not ready for sale
Unfinished goods
The sum paid for transport of goods
Shipping costs
Substances used to make goods
Raw materials
A reduction in price for payment in cash
Cash discount
A document showing that goods have beed delivered
Delivery note
Notification that an order has been accepted
Order confirmation
An unpaid account that will probably never be paid
Bad debt
An area beside a warehouse for loading trucks
Loading bay
Everything a company owns that has monetary value
Assets
Money owed to the company by customers
Accounts receivable
The most liquid of all assets
Cash
A fixed asset that does not wear out or depreciate
Land
Easily converted into cash within one year
Current assets