Intro to Business

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

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