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WorksheetsFinancial Concepts Vocabulary Review
Total questions: 32
Worksheet time: 16mins
Something of value
assets
liability
net income
inventory
Money earned when something is sold
assets
maturity
commissions
profit
A person or business with a strong credit score and the financial resources that make it likely they will be able to repay the loan
supplier
credit-worthy
angel investors
guarantor
An obligation you have to pay someone else money
online credit
cost of goods sold
credit
liability
Cash or securities that can be immediately turned into cash, which can then repay any loan amount outstanding
own "free and clear"
liquid assets
lien
capitol or equity
the date a loan (or debt or liability) is repaid in full
principal
contribution margin
fiscal year
maturity
Revenues after costs
(select all that apply)
net income
profit
principal
shareholder
An individual or company that owns shares in a company
commissions
stocks
shareholder
angel investors
Money owed by a company to a supplier
account payable
account receivable
online credit
bank loan
Money owed by a customer to a company
account payable
account receivable
contribution margin
unsecured debt
Individuals who make small investments in an enterprise or to support an entrepreneur where they do not expect an immediate or large return on investment.
guarantor
supplier
shareholders
angel investor
debt from a bank requiring much more information from potential borrowers
bank loan
unsecured debt
secured debt
line of credit
A loan. A security that investors buy and sell that represents a legal obligation from the issuing company that they will repay the funds
capital
online credit
bond
principal
Funds contributed by investors to a business.
principal
capital or equity
profit
contribution margin
Unit price minus cost of goods sold
variable costs
principal
contribution margin
profit
Costs that make up one unit of what you sell
cost of goods sold
inventory
line of credit
own
"free and clear"
A credit-worthy individual or business with sufficient liquidity who guarantees to repay a loan in the even that the debtholder can't make required payment
supplier
guarantor
angel investors
shareholder
The merchandise that a company sells to its customers
fixed costs
cost of goods sold
inventory
commissions
A loan that provides the borrower a maximum amount of money he/she can borrow - the borrower can then access or use as much money as they need at any particular time
line of credit
sweat equity
fixed costs
principal
The 12 month period a company uses to report financial results
target market
net income
stocks
fiscal year
Costs that do not vary based on the units sold by an enterprise, ex: rent
own "free and clear"
fixed costs
variable costs
cost of goods sold
Funds lent to a business with an agreement that the business will repay the lender with interest
equity or capital
secured debt
unsecured debt
credit or debt
Debt obtained from a number of online companies. Borrowers disclose much less info than required at a bank
unsecured debt
secured debt
online credit
principal
Owning an asset without any associated debt
own "Free and Clear"
unsecured debt
variable costs
liability
The amount of money borrowed
sweat equity
liability
principal
capital or equity
Debt that includes a legal obligation by the borrower to repay the debt personally if the business is unable to make its scheduled debt payment
fixed costs
credit or debt
unsecured debt
secured debt
A company that provides a good or service to another company
supplier
target market
variable costs
shareholder
The hard work a small business owner puts onto forming, founding and operating his/her business. Not a cash investment
fixed costs
sweat equity
variable costs
liability
The EXACT customers and market sector the business intends to serve
shareholder
assets
commissions
target market
Costs that vary based on the units sold by your enterprise
secured loan
fixed costs
variable costs
unsecured loan
Debt that does not include a promise by a guarantor to repay the loan in the event the debtholder is unable to make a required payment
unsecured debt
secured debt
angel investors
line of credit
Shares of ownership in a company
principal
profit
credit or debt
stocks
