Vocabulary 2 Flashcards
(24 cards)
Investment on a business online
Crowed funding
the amount an insurance company will payout in an accident
Deductible
failure to pay loan
Default
commitment to get something done
Determination
A offer or service that is different to other businesses
Differentiated
money paid by a company two a person
Dividend
A clear to the point and compelling talk to someone that states a new idea
Elevator Speech
Open ended questions
Engaging question
understanding of how business earn money
Financial literacy
12 month period when a company has to report sales
Fiscal year
costs that do not change
Fixed cost
allows entrepreneurs to register their business
Geaux BIZ portal
a person’s self-commitment to overcome something in there path
Grit
a credit worthy person
Guarantor
A special account to save up for retirement now taxes have to be paid on this account but you will be punished if you take out money before you retire
Individual retirement account
money owed to someone paid monthly
Installment payment
the amount of money the insurance holder receives
Insurance Claim
the individual or business that purchased insurance
Insurance holder
the amount you pay monthly for insurance
Insurance premium
something a person owns that is protected by a trademark or copyright
Intellectual property
internal revenue service
IRS
the merchandise a company owns
Inventory
a legal decision requiring a person to pay another
Judgment
an obligation you have to pay someone else money also called a dept
Liability
