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100
Debt obtained from a number of online companies. Borrowers need to disclose much less information about themselves to obtain online credit, and online credit companies make credit decisions much more quickly than banks.
What is online credit?
100
A legal agreement that an assets is part of a guarantee to a lender, when the lender can take possession of the assets and sell it to recover the funds owed by a borrower in the event the borrower is unable to make a required debt payment.
What is Pledged?
100
Most projections are for a year (or “annual” projections). A “quarter” means three months. New and seasonable businesses are most likely to make quarterly projections to make sure they’re on track for success.
What is Quarter?
100
How a business moves a specific customer to buy their service or offering.
What is Selling?
200
The percentage of a loan a bank or online credit company charges when a small business receives a loan. Original fees add to the cost of the loan.
What is Origination Fee?
200
The amount of money borrowed.
What is Principal?
200
Real estate is property and the building(s) on it. Real estate can be a piece of land, or it can be a home on that piece of land, or it can be a building. Real estate is typically purchased using a mortgage. The down payment the buyer makes is called the buyer’s “equity.”
What is Real Estate?
300
When a company issues a check or makes a financial commitment for an amount greater than the amount the company has deposited in the bank. Also called "a bounced check."
What is Overdraft?
300
A Latin phrase (“for the sake of form”) that in business means a projection of future financial performance. A pro forma usually takes the form of a projection of future revenues and costs.
What is Pro Forma?
300
Repaying the loan.
What is Satisfy a Loan?
400
Costs that a business incurs that are not part of producing the goods or services its sells, but which are required to operate legally and efficiently.
What is Overhead?
400
Revenues minus costs.
What is Profit?
400
Debt that includes a legal obligation by the borrower to repay the debt personally if the business is unable to make its scheduled debt payment. A secured debt can be guaranteed by the entrepreneur or by any credit-worthy guarantor.
What is Secured Debt?
500
Owning an asset without any associated debt.
What is Own "Free and Clear?"
500
Unit price minus cost of goods sold.
What is Profit per Unit?
500
An investment vehicle. Different types of securities include stocks, bonds and mutual funds.
What is Security?