Business

Business Tips & Info

Glossary of Business and Financial Terms

GLOSSARY D


In the language of bookkeeping - left side of an account or an entry.

A bank card that triggers an electronic transfer of funds. Debit cards are used to access automated banking machines and to make a retail payment by transferring money from the customer's to the merchant's bank account.

Something owed to another; a liability or obligation to pay something.

Funds which are borrowed to run a business - from yourself, other individuals or financial institutions.

A measure of how much debt your business has in relation to amount of equity, A high level of debt to equity means greater risk for lenders.

Measures how much a business is borrowing in relation to the amount of equity invested in it. To calculate, divide total liabilities by tangible net worth.

Failure to pay a debt or meet an obligation. Any debt is a trust and failure to pay it is a violation of a high obligation.

Ask for with authority or claim as a right. In business we speak of paying debt on "demand", this means that the obligation must be satisfied immediately when requested.

A loan on which the bank can demand full repayment at any time.

The amount of such loss of value, or decrease in value through age, wear or deterioration. It is a normal expense of doing business that must be taken into account. All of the equipment that you buy for a business begins to depreciate immediately and is worth something less as it continues to be used.


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Investing Tips

Ignoring foreign investments means you're missing out on the equity opportunities the world has to offer.
One way to protect yourself from unpredictable downturns in the market is to diversify your holdings.
Taking advantage of the maximum foreign content allowed in your retirement plan can help lower risk by creating diversification while providing potential for growth.

"Recipe for Business Success:

Always keep your eye on the competition, work out your costs, make sure your price is right, develop effective marketing, and play to win!"

~ Maya Gavric

The Power of Appreciation

Team work is the best tool for any business. Show some appreciation to your workers. Employee appreciation and personal thanks, whether in a small business or large corporation works magic. Every employee wants acknowledgment and personal appreciation, which is also the best way to keep them more productive, engaged, loyal and eager to contribute. Employee recognition is a powerful tool to create culture of engagement, so don't forget to offer personal thanks to your older team members. For people new in the business, experienced and older team members can provide support and guide every step of the way, if they are motivated.



Promote locally
to build long term loyalty
Add personal touch
to build trust and connection
Combine the best tools
use online and offline marketing

Did You Know?

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