enterprise 3 Flashcards
right to take possession of collateral unit a debt is repaid.
- Lien
a loan that provides the borrower a maximum amount of money he can borrow borrower can then access or use that line of credit of only as much money as they need at a time
- Line of craft
cash or securities that can be immediately turned into cash which can then repay any loan amount out siding
- Liquid assets
the state agency that collects state taxis
- Louisiana Department of revenue
how a business communicates to large numbers of customers motivating them to learn more about the business and its offering
- Marketing
the date a loan is repaid full
- Maturity
person who coaches and supports an entrepreneur or a student studying to become an entrepreneur
- Mentor
a special type of corporation where individual’s owners are taxed on the profits of the company but the corporation is liable
- Limited liability corporation LLC
the money a person can borrows to buy real estate
- Mortgage
an investment security that includes many different stocks purchased and held together investors purchase mutual funds because they are less risky than holding an individual’s stock
- Mutual fund
net means revenues after costs
- Net income
a payment that is owed every month
- Obligation
debt obtained from a number of online company’s borrowers need to disclose much less information about themselves to obtain online credit and online credit companies make credit decisions much more quickly than banks
- Online credit
when a company issues a check or makes a financial commitment for an amount greater than the amount the company has deposited in the bank also called bounced check
- Overdraft
that a business incurs that are not part of producing the goods or services it sells but which are required to operate legally and efficiently
- Overhead coast
owning an asset without any associated debt
- Own free and clear
when two or more individuals own a company partners are taxed on the profits of the company
- Partnership
the amount of money borrowed
- Principal
Latin phrase that in a business means a projection of future financial performance a pro forma usually takes the form of
- Pro forma
the ability to find a solution to difficult or complex issues the process of working through the detains of a challenge or crisis often under pressure to reach a problem
- Problem solving
revenues minus costs
- Profit
unit price minus cost of goods sold.
- Profits per unit’s
most projections are for a year a quarter means three months
- Quarter
are property and the buildings on it real estate can be of land or can be a home on that piece of land or it can be building real estate is typically purchased using a mortgage. The down payment the buyer makes is called the buyers equality
- Real estates
