a document that shows the exact size, location, ownership and method of ownership of real property

a legally enforceable arrangement or agreement between two or more parties

only the interest is paid each period until a specified time at which the total principle is due

Only the interest is paid each period until a specified tie at which the total principle is due

loan with scheduled periodic payments that consist of both principal and interest

the possibility of earning or losing money by making a certain decision

The change in total cost due to the production of one or more unit of output

A broad statement that shows where you want to be after some period of time

steps taken to reach goals

Refers to how often decisions are made

the price at which consumers are willing to buy all that the producers are willing to supply to the market (supply=demand)

money in exchange for land/equipment use;the most common type of lease

Will protect a farmer from a lawsuit if he causes personal injury or property damage to another person

Items bought at the end of the year intended to be used the following year

A person named in an insurance policy to receive the proceeds of a policy

difference between the cash and futures market

As output increases, the unit cost to produce decreases

An agreement to buy or sell and deliver a specific commodity at a future date and price is called

Signing a futures contract at a certain price to insure money, removing the risk of the futures market price fluctuations.

A business arrangement in which profits and losses, control of assets, and managerial decisions are shared between a group of people

A business arrangement in which profits are distributed as patronage refunds and all members have a single vote

A type of enterprise owned and run by one person and in which there is no legal distinction between the owner and the business entity

A portion of a corporations profits divided among its shareholders

proportionally smaller profits or benefits derived from something as more money or energy is invested in it

The relationship between the quantities of productive factors (such as labour and capital) used and the amount of product obtained; allows analysis of input and output

Rights given to someone to manage your assets in your best interest if you are unable to do so

someone who is neither invited nor desired on your land

An itemized list of goods on hand with estimated worth

failure to comply to the terms and agreement of a contract

percent charged on principle for the use of money