Terms
Assets – Something that is owned by a person, company, etc.
Business Cycle – A cycle of economic activity usually consisting of recession, recovery, growth, and decline.
Capital – Relating to or being assets that add to the long-term net worth of a corporation.
Career – A field for or pursuit of consecutive progressive achievement especially in public, professional, or business life.
Cash Flow – A measure of an organization’s liquidity that usually consists of net income after taxes plus noncash charges against income.
Commission– A fee paid to an agent or employee for transacting a piece of business or performing a service.
Corporation – A body formed and authorized by law to act as a single person although constituted by one or more persons and legally endowed with various rights and duties including the capacity of succession.
Countertrade – A form of international trade in which purchases made by an importing nation are linked to offsetting purchases made by the exporting team.
Debt – A state of being under obligation to pay or repay someone or something in return for something received.
Depreciate – To deduct from taxable income a portion of the original cost of (a business asset) over several years as the value of the asset decreases.
Earnings – The balance of revenue after deduction of costs and expenses.
Employee – One employed by another usually for wages or salary and in a position below the executive level
Entrepreneur – One who organizes, manages, and assumes the risks of a business of enterprise.
Equity – The money value of a property or of an interest in a property in excess of claims or liens against it.
Expense – An item of business outlay chargeable against revenue for a specific period.
Export – A commodity conveyed from one country or region to another for purposes of trade.
Free Enterprise– Freedom of private business to organize and operate for profit in a competitive system without interference by government beyond regulation necessary to protect public interest and keep the national economy in balance.
Inventory – An itemized list of current assets.
Liability – Something (such as payment of money) for which a person of business is legally responsible.
License – A permission granted by competent authority to engage in a business or occupation in an activity otherwise unlawful.
Manager – A person who conducts business or household affairs.
Margin – The difference which exists between net sales and the cost of merchandise sold and from which expenses are usually met or profit derived.
Marketing – The process or technique of promoting, selling, and distributing a product or service.
Net Worth – The excess of the value of assets over liabilities.
Outsource – To procure (as some goods or services needed by a business or organization) under contract with an outside supplier.
Payroll – A paymaster’s or employer’s list of those entitled to pay and of the amounts due to each.
Profit – The ratio of profit for a given year to the amount of capital invested or to the value of sales.
Proprietor – One who owns a business or property.
Revenue – The total income produced by a given source.
Shareholder – One that holds or owns a share in property.
Supply & Demand – The amount fo goods and services that are available for people to buy compared to the amount of goods and services that people want to buy.
Surplus – The excess of a corporations’ net worth over the par or stated value of its stock.
Trade Deficit – A situation in which a country buys more from other countries than it sells to other countries.
All definitions came from https://www.merriam-webster.com