Vocabulary
A person or entity that owes money is a ___________.
Debtor
A person or entity that lends money is a ____________ (besides lender).
Creditor
Which field of law focuses on the laws regulating money paid to the government in connection with commercial transactions?
Tax Law
What does IP stand for?
Intellectual Property
Any individual or entity that owns some portion of a company, even if it's just a bit is called a _______________.
Shareholder/ Stockholder
Fancier version of "'get", "but", "purchase" (when one company buys out another company we say it _________ another company).
Acquire
When you have plenty of money and you want to ________ in various business, you should put that money into businesses that are reliable and stable as well as into the ones that are a bit risky.
Invest
Ownership is the same as ____________. Example is Sole ____________ where one individual is in charge.
Proprietorship
When someone cannot pay what they owe and all their property is surrendered to court-appointed person who liquidates the property in order to pay creditors.
Bankruptcy
Machine (not in a physical sense) that is forming to sell products or services. There are various types of those machines that allow you to do business. Each one of them have characteristics/features.
Business entity/ Trading entity/ Business vehicle/ Trading Vehicle/ Business medium
What is the capital of Mexico (not the state)?
Mexico/ Mexico City
Process when company's assets are collected and sold in order to pay its debts. Amount that is remaining after all debts, expenses and costs have been paid off are distributed amongst the shareholders of the company.
Winding up/ Liquidation
This is the last stage when a company is brought to an end, and the assets and property of the company are redistributed. We say that the company has _____________ .
Dissolved
Anything valuable owned by a person or business that could be sold to repay debts is called ....
Assets