Intro to Business

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ClueTerm
Allows you to meet your personal goals with a system of saving and wise spending
Uncommon risk where it is impossible to predict the amount of loss
Orders a company to pay an amount to another company
Gengeral decrease in prices. Usually occurs during depression or recession
Amounts you owe others
Things that are required in order to live. Examples include food, water, shelter.
Business dealings in the same state
Series of regular payments made to a retired worker under an orginized plan
Cost of borrowing for large U.S. corporation
Amount of loan
Which country consumes and produces more goods than any other.
Businesses dealing with more than one state
This association regulates credit unions
Risk where costs can be predicted
Insurance for property damage resulting from theft, fire, natural disaster
Report that summarizes your current financial condition, acknowledges you financial needs, and sets a direction for your future.
Lend money to consumers looking to buy a home
Agent who has access to many types of insurance
Type of economy where resources are owned and controlled by the government
Record of completed transactions
Risk that can result in loss of property
Money earned after taxes
Record of assets and liabilities at a certain point in time
Property used as security to recieve payment
The amount the government owes
Document shows how bank statement and checkbook register are brought together
Checks that may not have been payed yet
Expense that occures regularly(car payment)
Can be thought of as a possibility of a loss
Gives right to make sell and use a product for 17 years
Phase when unemployment decreases and GDP begins to rise
The duty of a business to contribute to the well being of the community
Interest rate that financial institutions are charged
Legal process of reducing or eliminating amount owed
Exchanges uncertainty of a possible large financial loss for a certain smaller payment
Requires prompt correction of credit mistakes
Risk with a chance to gain or lose
Type of economy that combines elements or both command and market economies.
Suggests actions to reduce spending and credit difficulties.
Checks used if you don't have enough money
Quantity of goods or services that consumers are willing to buy
The production output for a worker or business,
People who not working, but are looking for and willing to work
Amount you pay to borrow your home
Government spending makes up ____% of all spending
Expense that changes monthly(heating bill)
Allows consumers to know the infor credit bureaus give out
An account at a credit union is called
ClueTerm
An orginization that supplies a service or product vital to all people
Person who takes on the risk of financial loss
Date at which the loan must be repaid
An agreement to exchange goods or services for some kind of value
Money order where money goes to various orginizations
The rivalry among businesses to sell goods and services
Quantity of goods or services that a business can provide
Represents ownership of a company
Set of rules guiding actions of employees or members or a company
Movement of the economy from on condition to another and back up again
A person who uses resources in an entirely new way in order to create a business
Output per person is called
Insured person or company buying a policy
Things that you can see and touch and buy.
Bank has guaranteed payment for a check
Type of economy where resources are owned and controlled by people
Reports net wages and other income along with spending for a period of time
Contract issued by seller requiring peridoic payments
Bank that loans to people and offers savings accounts. People are part owners.
Refers to the private ownership of resources by individuals rather than by the government. Businesses decide what to produce
Governments use of bonds through citizens to make money
Value of the next best alternate that you did NOT choose.
Period where demand decreases and unemployment rises. GDP decreases.
Interest rate for a long(20 year) period of time for U.S. governmet obligations
The current chairman of the Federal Reserve System
Things that add comfort and pleasure to life. Examples include a big house or nice car.
Form that you need to fill out to prived information needed by a lender to make a decision on granting credit
Retirement plan where employee and employers put in money. It can be withdrawn at 59 1/2 years and grows tax free.
General increase in prices
Type of economy where goods and services are produced in a way that has already been done.
Rules about how businesses and their employees should behave
Limits use of a chekc for given purpose
Check for a future date
Refers to the illegal use of intellectual property like a patent or trademark
Form of income protection. Money goes to retired workers.
Insures your money if the bank goes out of business
Number that compares prices now to a earlier year
Information on company issuing insurance.
Full service bank
An IRA with no withdrawal tax that also grows tax free
Period where most people are working and GDP increases.
The money needed to produce a good or service.
An IRA for people who are self employed
Assets minus liabilities equals this
Amount of money insurance company pays to a person who has previously deposited money with the company
Privelage of using someone elses money for a period of time
Refers to salaries and wages of a person
Company that gathers information on credit users
ClueTerm
Life insurance of an employee
Person who buys insurance
Policyholder's request for payment from a loss
Period marked by prolonged unemployment . GDP falls rapidly
Company recieves goods and pays later
Transfer check to someone else uses this type of endorsment
Items you have of value
Amount of money available to spend
Tax that comes out of the paycheck
Word, letter, or symbol associated with a company
Protects creative work of author, composer, artist during life and fifty years after death
Risk with no chance of gain
Rate for a 6 month time deposit at savings institutions
Reduces payments to a more manageable level
Compares spending to budget
The interest rate available for the best customer
Money order where money goes to specific business or person
The means through which goods and services are produced
Money you get from working(salary)
Non profit bank for members only
Total dollar cost of credit plus interest
Risk that relates to harm or injury to other people while on your property
Risk that can result in financial loss
Represents debt for an orginization
The point where supply and demand are equal
The sales of durable and non-durable goods bought by consumers
Insurance for employees who cannot work
Activities consumed when they are purchased. Like a hair cut.
Card needed for ATM transactions
Risk in which you don't suffer financially
Giving up one thing for something else
Written promise to repay based on excellent credit history
Refers to the day to day financial activites associated with usign limited income to satisfy unlimited needs and wants
First credit protection law
Risk that can result in loss of health.
Total dollar value of all the final goods and services produced in a country in one year.
Loans on tangible objects like jewelery or valuable items
Interest rate for short U.S. government obligations
Purely tangible property with no physical characteristics
Part of a debt is payed each mont
Person who purchases a good or service
Principles of morality or rules of conduct
Smaller bank that specializes in saving and home mortgage savings or loans.
Not having enough to satisfy everyones needs.
Person who makes a good or service
This kind of endorsment requires only the endorsers signature
Payment needed to keep insurance

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Created Jan 13, 2011ReportNominate
Tags:Nintendo, business, intro, term