Intro to Business

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Can you name the Intro to Business ?

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 It can be withdrawn at 59 1/2 years and grows tax free.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

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