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A type of credit agreement that extends a predetermined amount of credit to a business for use over a specific period of time
What is OPEN-END CREDIT
A numerical summary of the information contained on a person's credit report
What is a CREDIT SCORE
Occurs when money is given to a venture by the purchase of stock of a business
What is EQUITY FINANCING
A record of the financial and credit history of a business or consumer
What is a CREDIT REPORT
When an entrepreneur takes out loans to finance business ventures
What is DEBT FINANCING
The money investors use to fund start-ups and forge partnerships with owners
What is VENTURE CAPITAL
An investor who makes a one-time start-up gift to a business venture
What is an ANGEL INVESTOR
A collection of small investments from a large number of individuals to finance a business
What is CROWDFUNDING
The practice of obtaining needed services, ideas, or content by soliciting contributions from a large group of people and especially from the online community rather than from traditional employees or suppliers
What is CROWDSOURCING
To launch and maintain a business by exhausting whatever resources an entrepreneur has and with minimal cash
What is BOOTSTRAPPING
A type of loan for a predetermined amount that must be paid in full in a scheduled amount of time
What is CLOSED-END CREDIT