Intro to Business

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 It can be withdrawn at 59 1/2 years and grows tax free.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

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