authorization to borrow up to a maximum amount for a specified period of time
What is line of credit?
100
provides capital to a business based on installment sales contracts
What is sales finance company?
200
business owners' personal financial contributions to the business
What is equity capital?
200
the price at which stock is actually bought and sold
What is market value?
200
unconditional written promise to pay to the lender a certain sum of money at a particular time or on demand
What is promissory note?
200
also known as security collateral
What is security?
300
profits that are not taken out of the business but instead are saved for use by the business
What is retained earnings?
300
stock that gives holders first claim on corporate dividends if a company earns a profit
What is preferred stock?
300
is something of value pledged as assurance of the fulfillment of an obligation
What is security?
400
money that others loan to a business
What is debt capital?
400
dividing the corporation's net worth by the total number of shares outstanding
What is book value?
400
obtained by buying goods and services that do not require immediate payment
What is trade credit?
500
ownership that gives holders the right to participate in managing the business through voting privileges and the right to share in any profits through dividends
What is common stock?
500
a loan that must be repaid with interest within a year
What is short-term debt?
500
a firm that specializes in lending money to businesses based on the business's accounts receivable at a discount