Business

Business Tips & Info

Glossary of Business and Financial Terms

GLOSSARY B


A fee for selling or redeeming shares or units of a mutual fund.

Money owned to you or your business that you can't collect.

The amount of money remaining in an account.

The financial statement that shows what a business owns and owes (the value of the assets, liabilities and owner's equity) at one point in time (on a specific date).

The accounting equation reported in the balance sheet.

The claim of a bank against the total assets of the borrowing business.

The rate set each week by the bank.

One one-hundredth of one per cent.

A loan payment, consisting of principal and interests, that is the same each month. Because the total payment amount remains fixed, the amount applied against principal each month varies. An example is a mortgage payment.

The process of classifying and recording business transactions in the accounting records.

The accounting value of an asset.

The level of business at which the revenue (income) exactly equals the expenses (outgo).

A plan expressed in money terms.

In the accounting, a business transaction is a financial event affecting one or more of the fundamental elements of the accounting equation.


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Today, every businesses must have an online marketing strategy in order to succeed.
Having quality content on your website or blog is excellent marketing strategy you can use to keep people's attention.
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Did You Know?

Marketing a new product or service is very challenging, because billions of dollars are spent regularly developing and launching new products and services all over the world.

Market failure is the most common reason for a product or service to fail. The other common failures are: financial failure (when product or service doesn't make any or enough money, cost of production and implementation of the service have not been sufficiently thought out in the specification stage, waste of time, etc.); organizational failure (poor management, miscommunication, lost productivity, failure to innovate, poor or bad collaboration, etc.) technical failure (when it doesn't work properly, wrong concept, poor implementation etc.) and political failure (when the source of failure is action by the government). Find out more...