D words
failure to repay a loan
default
Debt owned to someone that is paid monthly
Install payment
An obligation you have to pay someone else money. Also called a debt or loan.
Liability
the money a person borrows to buy real estate
mortgage
revenues minus cost
profit
the act of making a business different than any competitor
Merchandise that a company sells to customers
Inventory
required forms that a company must complete and submit to the appropriate government agency.
Legal Fillings
when an entrepreneur's actions and decisions are guided by a set of beliefs about how he wants the business to succeed.
mission-driven
unit price minus cost of goods sold
profit per unit
Determination
Individual or business that purchases an insurance policy for various types of protection
Insurance Policyholder
the state government agency that helps individuals and companies file required legal forms
Louisiana Secretary of State
a person who coaches and supports an entrepreneur/ or a student studying to become an entrepreneur.
Mentor
amount of money borrowed
principal
The amount of insurance company makes a policy holder pay as part of any claim.
Deductible
The amount of insurance policyholder receives from the insurance company to reimburse the policyholder for a covered loss.
Insurance claim
Loan that provides the borrower a maximum amount of money he can borrower - the borrower can then access or use that line of credit for only as much money as they need at any particular time.
Line of Credit
the date a loan is repaid in full
maturity
when two or more individuals own a company. partners are taxed on the profits of the company, and are personally liable for any debts or judgments against the company
partnership
Distinguishing a product or service "different than anything else," attracting customers, generating sales and serving out to do.
non-physical assets created by individuals or companies that hold the exclusive legal right to commercialize.
Intellectual Property
a complete package that supports a "go" decision by an entrepreneur to launch a new business. A launch plan would include an elevator speech, supporting market research conclusions, an organizational plan, a marketing and sales plan, and pro forma financial projections
Launch Plan
an investment security that includes many different stocks purchases and held together. Investors purchase mutual funds because they are less risky than holding any individual stock.
mutual fund
personal support systems