Micro Economics Quiz 3

The merchandise that a company sells to customers

• Assets

• Cost of Goods

• Inventory

• Manufacturer

A legal decision requiring a person or company to pay another person or company.

• Lien

• Judgement

• Debt

• Legal Filings

Calculations about a business or individual that a lending company uses to determine how likely they are to have money to repay debt payments that are required in a loan.

• Maturity

• Debt Calculations

• Liquidity Ratios

• Mortgage

An investment security that includes many different stocks purchased and held together.

• Individual Retirement Account

• IRA

• Mutual Fund

• Stocks

A payment that is owed every month

• Obligation

• Debt

• Equity

• Capital

Debt that is obtained over the internet and is much more expensive that a bank loan

• Internet Loan

• Online Credit

• Credit Card Loan

• Pro Forma Credit

The percentage of a loan a bank or online credit company charges when a small business receives a loan.

• Origination fee

• Supply Fee

• Principle Fee

• Pledged Fee

When a company issues a check for an amount greater than the amount the company has deposited in the bank.

• Overdraft

• Legal obligation

• Lein

• Bankrupt

Owning an asset without any associated debt

• Lein

• Judgement

• Free and Clear

• Pledged

A legal agreement that an asset 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 the borrower

• Judgement

• Overdraft

• Overhead

• Pledged