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What is Trade References?
Companies that conduct business with another company, and that can documents how well a company pays it bills to its suppliers.
What is a Bond?
Security that investors buy and sell, that represents a legal obligation from the company issuing the bond that they will repay the funds they received when they issued the bond.
What is Mission Driven?
When an entrepreneurs' actions and decisions are guided by a set of beliefs about how he/she wants the business to succeed.
What is Commission?
Money earned when something is sold.
What is Installment Payment?
Debt owed to someone that is paid monthly.
What is Breakeven Analysis?
A determination of how many units are needed to sell in order to pay for all fixed costs.
What is Sweat Equity?
The hard work a small business owner puts into forming, founding and operating his/her business – small business owners typically work very long hours.
What is Business Ethics?
Proper business behavior beyond complying with legal requirements.
What is Contribution Margin?
Unit prices minus cost of goods sold.
What is Covered Loss?
A loss that insurance company will reimburse a policyholder for in the event of a claim.
What are Angel Investors?
Individuals that make small investments in an enterprise or to support an entrepreneur where they do not expect an immediate or large return on investment.
What is Own "Free and Clear?"
Owning an asset without any associated debt.
What is geaux BIZ Portal?
A computer portal offered by the Louisiana Secretary of State that enables entrepreneurs to go to a single source to learn which forms they need to file, to file the forms required by the Secretary of State, and to determine which other government agencies they may need to interact with.
What is Differentation?
The act of making different (and presumably more attractive to target customers) than any competitor.
What is Lien?
The right to take possession of collateral until debt is repaid.
A company that provides individuals and companies with access to financial markets.
What is Credit- Worthiness?
A person or a business with a strong credit score and financial resources that make it likely they will be able to repay any loan.
What is a Pro Forma?
A Latin phrase ("for the sake of form") that in business means a projection of future financial performances.
What is Differentiated Offering?
Distinguishing a product or service "different than anything else," attracting customers, generating sales and serving as the foundation for a thriving business.
What is Unsecured Debt?
Debt that does not include a promise by a guarantor to repay the loan in the event the debtholder is unable to make a required payment.
What is Individual Retirement Accounts(IRA)?
A special account where individuals can deposit retirement funds that can grow tax-deferred until they withdraw them after they retire.
What is Capital Expenditures?
Expenditures on equipment the business will use for many years.
What is a Pledged?
A legal agreement that an assets is part of a guarantee to a lender, when the lender can take possession of the assets and sell it to recover the funds owed by a borrower in the event the borrower is unable to make a required debt payment.
What is Cash Instruments?
Cash, publicly traded stocks, government bonds or corporate bonds that can be quickly turned into cash.
What is Liquidity Ratios?
Ratios a lending company calculates about an individual or a company to determine how likely they are to have the liquidity to repay debt payments that are required in a loan.