Vocabulary

Something of value. Anything you own.

• Assets

• Commissions

• Securities

• Deductible

Failure to repay a loan.

• Guarantor

• Judgment

• Default

• Overdraft

Revenues minus costs.

• Principal

• Profit

• Stocks

• Units

Total Revenues minus Total Cost minus one-time expenditure on equipment you will use for many years.

• Brokerage

• Covered Loss

• Contribution Margin

• Cash Flow

The amount that an insurance company makes a policyholder pay as part of any claim.

• Deductible

• Covered Loss

• Fiscal Year

• Fixed Costs

Cash, publicly traded stocks, government bonds or corporate bonds that can be quickly turned into cash.

• Cash Instruments

• Collateral

• Lien

• Maturity

Money earned when something is sold.

• Account Payable

• Assets

• Commissions

• Mortgage

Money owed by a company to a supplier.

• Bond

• Crowdfunding

• Net Income

• Account Payable

The 12 month period a company uses to report financial results.

• Fiscal Year

• Extended Payment Terms

• Guarantor

• Judgment

Equipment, inventory or other goods that are pledged to the bank in the case the company can’t make a loan payment.

• Collateral

• Net Income

• Securities

• Account Payable