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BL 2.03
Vocabulary Words
10
Business
12th Grade
02/22/2012

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Cards

Term
Assets
Definition
Items of value owned by the business.
Term
Contingency fund
Definition
Cash that is set aside for unexpected needs of the business.
Term
Continuing costs
Definition
The ongoing expenses resulting from the operation of the business.
Term
Credit unions
Definition
Cooperatives formed by labor unions or employees for the benefit of the members.
Term
Credit-worthy
Definition
Willing and able to repay a debt.
Term
Debt sources
Definition
Sources of funding that require the money borrowed to be paid back with interest.
Term
Equity sources
Definition
Capital sources that trade cash for some portion of ownership in the business; sometimes called risk capital because the investor puts his/her money at risk.
Term
Expenses
Definition
The cost of doing business; all business expenses except the cost of goods sold.
Term
Fixed costs
Definition
Expenses that remain the same for a period of time; must be paid regardless of the quantity of a good or service produced/sold.
Term
Government agencies
Definition
Operated by the government to provide technical assistance, counseling, grants, or other means of financial assistance at low-interest rates.
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