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Financial Terms and their meaning
Terms in this set (48)
Individual who buys into a company at its very beginning
Estimate of the value of property, made by an expert.
Anything -- tangible or intangible -- with commercial value owned by a business, such as equipment, receivables or goodwill
Professional examination of a company's accounting documents, for verification that they comply with Generally Accepted Accounting Principles.
Financial report that shows the status of a company's assets, liabilities and owners' equity.
A written document that gives an overview of your company, its future and its financials. It explains what your business is now, what you plan to make itinto in the future, how you're going to do it, how much it will cost and how much you'll make. A business plan includes a description of your company, your products and services, your target market, your sales and marketing strategy, your financial documents, and your management team.
Funds necessary to establish or operate a business. Money.
Movement of money into and out of a company; actual income received and actual payments made out.
Assets pledged as security against a loan in case of default. Common collateral is equity in your home, stocks or bonds you own, certificates of deposits.
Firm that specializes in collecting past due accounts receivables and loan payments.
Record of how reliably and punctually a company or individual has paid off past debts.
Official investigation of a company's or individual's history of repaying obligations; performed by a credit agency.
Formal written evaluation of a company's or individual's credit history, generated by a credit agency
Fair Credit Reporting Act
Federal law giving you the right to see, and challenge, your credit reports at credit reporting agencies.
SBA program that streamlines and attempts to shorten the loan process.
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