Entrepreneurship- Chapter 7 Review

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

• bootstrapping

• crowdfunding

• crowdsourcing

• angel investor

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

• crowdfunding

• crowdsourcing

• bootstrapping

• equity financing

The practice of obtaining needed services, ideas or content by soliciting contributions from a larger group of people especially from the online community rather than from traditional employees or suppliers.

• crowdsourcing

• crowdfunding

• bootstrapping

• angel investor

When an entrepreneur takes out loans to finance a business.

• debt financing

• equity financing

• angel investor

• venture capital

When money is given to a venture through the purchase of stock of a business.

• equity financing

• debt financing

• angel investor

• venture capital

The money investors use to fund start-ups and forge partnerships with owners.

• venture capital

• angel investor

• debt financing

• equity financing

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

• angel investor

• venture capitalist

• crowdfunding

• crowdsourcing

Records of finance and credit history.

• credit reports

• credit score

• lender

• debtor

A numeric summary of the information contained on a person's credit report.

• credit score

• credit reports

• closed-end credit

• open-end credit

An agreement or contract that states the repayment terms, such as the number of payments, the interest rate, and the monthly payment.

• closed-end credit

• open-end credit

• debt financing

• revolving credit