Intro to Business

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

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