B&B
A financial establishment that invests money deposited by customers, pays it out when required, makes loans at interest, and exchanges currency.
What is a bank?
Money you owe a person or a business
What is debt?
The money used to build, run, or grow a business
What is capital?
A mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities
A general increase in the value of an asset or property
What is a gain?
To be obligated to pay or repay money to a person, bank, or business in exchange for something received
What is to owe?
The person or entity that you legally designate to receive the benefits from your financial products
What is a beneficiary?
A contract by which an institution holds funds on behalf of a client or supplies goods or services to the client on credit.
What is an account?
The initial amount of money that is borrowed, invested, or lent
What is principal?
The money generated from normal business operations
What is revenue?
A tax imposed by one country on the goods and services imported from another country to influence it, raise revenues, or protect competitive advantages
What is a tariff?
A decrease in net income that is outside the normal operations of the business
What is a loss?
The ability of the consumer to acquire goods or services prior to payment with the faith that the payment will be made in the future
What is credit?
The movement of assets, funds, or ownership rights from one place to another
The practice of making one's living by engaging in commerce.
What is business?
The price you pay to borrow money or the return earned on an investment
What is interest?
The cost of operations that a company incurs to generate revenue
What is expense/expenditure?
A commercial document that a seller issues to a buyer to record a transaction and request payment for goods or services
What is an invoice?
Any resource owned or controlled by a business or an economic entity
What is an asset?
an accounting entry that creates a decrease in liabilities or an increase in assets.
What is debit?
An approved plan to spend a certain amount of money in a given fiscal year or project period
What is a budget?
The money set aside for future use and not spent immediately.
What is savings?
When a financial institution, or lender, gives money to a borrower, usually in exchange for interest
What is to lend/lending?
The leftover money in your business account after paying all expenses.
What is profit?
A measure of the rate at which prices increase over a period of time, such as the overall increase in prices or the cost of living in a country
What is inflation?
Debts or obligations a person or company owes to someone else.
What are liabilities?
An asset of value that a borrower pledges as a guarantee that a loan will be repaid
What is collateral?
The ease and speed at which a financial asset or security can be converted to cash without losing significant value
What is liquidity?
A share in the ownership of a company, including a claim on the company's earnings and assets
What is stock?
A sum of money that one or more individuals or companies borrow from banks or other financial institutions
What is a loan?
Money for profit or material result.
What is investment?
Investment security where an investor lends money to a company or a government for a set period of time, in exchange for regular interest payments
What is a bond?
The degree to which financial statements and records precisely reflect a company's financial position
What is accuracy?
A deceptive or illegal practice that deprives someone of money or harms their financial health
What is a scam?
A guarantee by a seller to a buyer that if a product requires repair or remedy of a problem within a certain period after its purchase, the seller will repair the problem at no cost to the buyer
What is a warranty?