Entrepreneurship- Chapter 7 Vocabulary

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Angel investor

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An investor who makes a one‐time start‐up gift to a business venture

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Bootstrapping

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To launch and maintain a business by exhausting whatever existing resources an entrepreneur has and with minimal cash

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Closed‐end credit

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A type of loan for a predetermined amount that must be paid in full in a scheduled amount of time

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Credit report

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A record of the financial and credit history of a business or consumer

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Credit score

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A numerical summary of the information contained on a person’s credit report

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Crowdfunding

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The collection of small investments from a large number of individuals to finance a business

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Crowdsourcing

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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

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Debt financing

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When an entrepreneur takes out loans to finance business ventures

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Equity financing

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Occurs when money is given to a venture by the purchase of stock of a business

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Open‐end credit

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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