vaco part3 Flashcards
the right to take possession of collateral until a debt is repaid.
Lien
a special type of corporation where individual’s owners are taxed on the profit of the company, but the corporation is liable for debts or judgement against the company.
Limited Liability Corporation
a loan that provides the borrower a maximum amount of money he/she can barrow- the borrower can then access or use that line of credit for only as much as they need at any particular time.
Line of Credit
cash or securities that can be immediately turned into cash, which can then repay and loan amount outstanding.
Liquid Assets
the state agency that collects state taxes
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 in full.
Maturity
a person who coaches and supports an entrepreneur or a student studying to become an entrepreneur.
Mentor
the money a person 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 and individual stock.
Mutual Fund
- the ability to find solutions to difficult or complex issues.
Problem solving
revenues minus costs
Profit
- unit price minus cost of gods sold.
Profits per unit
most projections are for a year.
Quarter
real estate is property and the buildings on it.
Real estate
