Credit Application
Something of value or anything you own
Asset
Shareholder
The amount a policyholder pays for an insurance policy.
Insurance Premium
Ratios a lending company calculates about an individual or company to determine how likely they are to have the liquidity to repay debt payments that are required in a loan.
Liquidity Ratios
A legal decision requiring a person or company to pay another person or company.
Judgement
Cash, publicly traded stocks, government bonds or corporate bonds that can be quickly turned into cash.
Cash Instruments
Money owed by a customer to a company.
Account Receivable
The amount an insurance policyholder receives from the insurance company to reimburse the policyholder for a covered loss.
Insurance Claim
A special account where individuals can deposit retirement funds that can grow tax-deferred until they withdraw them after they retire.
Individual Retirement Account or IRA
Costs that vary based on the units sold by your enterprise.
Equipment, inventory or other goods that are pledged to the bank in the case company can't make a loan payment.
Collateral
Money owed by a company to a supplier.
Account Payable
A loss that an insurance company will reimburse a policyholder for in the event of a claim.
Covered Loss
Unit time price.
Total Revenue
Money paid by a company to a person who owns stock in that company.
Dividends
Money earned when something is sold.
Commissions
Debt from a bank.
Bank Loan
The individual or business that purchases an insurance policy for various types of protection.
Insurance Policyholder
The hard work a small business owner puts into forming, founding and operating a business.
Sweat Equity
The date a loan is repaid in full.
Maturity
A person or a business with a strong credit score and the financial resources that make it likely they will be able to repay any loan.
Credit-Worthy
Funds contributed by investors to a business.
Capital or Equity
The merchandise a company sells to its customers.
Inventory
Fixed costs plus variable costs.
Total Costs
The money a person borrows to buy real estate.
Mortgage