06-02

Something of value. Anything you own.

• Asset

• Credit-Worthy

• Share

• Cash Instruments

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

• Commissions

• Cash Instruments

• Dividend

• Collateral

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

• Lien

• Securities

• Share

• Collateral

Money earned when something is sold

• Commissions

• Inventory

• Principal

• Profit

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

• Lien

• Liquid Assets

• Maturity

Money paid by a company to a person who owns stock in that company

• Securities

• Share

• Dividend

• Bond

An obligation you have to pay someone else money. Also called a debt or a loan.

• Brokerage

• Notes Payable

• Bond

• Liability

The right to take possession of collateral until a debt is repaid

• Obligation

• Collateral

• Securities

• Lien

Cash or securities that can be immediately turned into cash, which can then repay any loan amount outstanding

• Notes Payable

• Cash Instruments

• Liquid Assets

• Bond

The date a loan (or debt or liability) is repaid in full

• Liability

• Maturity

• Dividend

• Mortgage