Intro to Business

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

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