Term
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Definition
| items of value owned by the business |
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Definition
| cash that is set aside for unexpected needs of the business |
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Definition
| the ongoing expenses resulting from the operation of the business |
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Term
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Definition
| cooperatives formed by labor unions or employees for the benefit of the members |
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Term
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Definition
| willing and able to repay a debt |
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Term
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Definition
| sources of funding that require the money borrowed to be paid back with interest |
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Term
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Definition
| capital sources that trade cash for some portion of ownership in the business |
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Term
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Definition
| the cost of doing business |
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Term
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Definition
| expenses that remain the same for a period of time |
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Term
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Definition
| operated by the government to provide technical assistance |
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Term
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Definition
| debts owed by the business |
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Term
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Definition
| agreements made by a bank to lend money at a stated interest rate whenever the owner needs it. |
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Term
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Definition
| borrowed money that is repayable over a period longer than a year |
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Term
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Definition
| the monetary value of the business; assets minus liabilities. |
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Term
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Definition
| expenses incurred by the entrepreneur for goods and services for personal use rather than for use in the business |
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Term
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Definition
| wealthy individuals functioning as non-professional investors |
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Term
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Definition
| a plan indicating how and when debts of the business will be paid |
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Term
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Definition
| a loan that is backed by collateral |
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Term
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Definition
| borrowed money that must be repaid within one year |
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Term
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Definition
| one time expenses an entrepreneur incurs when starting a business |
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Term
| state-sponsored venture capital funds |
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Definition
| funds provided to entrepreneurs by the state |
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Term
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Definition
| short-term financing that allows an entrepreneur credit from vendors within the business's industry or trade |
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Term
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Definition
| a loan that is not guaranteed by collateral |
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Term
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Definition
| expenses that may change from month to month |
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Term
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Definition
| individuals or firms that invest money professionally to make money |
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