GLOSSARY OF BUSINESS AND FINANCIAL TERMShomesite mapcontact us
 



 

business>glossary>glossaryI 

GLOSSARY OF BUSINESS AND FINANCIAL TERMS

I

INCOME - Money coming in. 

INCOME STATEMENT - The financial statement that shows how much money (revenues)
come in and how much money (expenses) was paid out. Subtracting the expenses from the revenues gives you net income for a certain period of time. 

INCORPORATION - The process of legally incorporating a business, in effect giving it a life of its own. 

INDUSTRY RATIO - The standard or "average" percentage of expenses spent by firms in a
similar type of business (firms in the same industry). It is a very important guideline for a business. 

INTEREST - The cost of borrowing money. 

INTERAC - A group of Canadian banks and financial institutions that share a common network. Anyone with a bank card issued by an Interac member can access their account at any automated banking machine (ABM) belonging to all other Interac members. 

INVENTORY - A detailed list of articles with their estimated value (like; stock, goods received or stored and any expendable items on hand). 

INVEST - Lay out money for any purpose from which a profit is expected. 

INVOICE or SALES INVOICE - Bill of sale for every sales transaction. 

INTANGIBLE ASSET or SOFT ASSET - An asset such as leasehold improvements or goodwill that can't easily be sold. 

ITINERANT SELLER - One who sells, services or negotiates a contract for the sale of goods or services at a place other than the seller's permanent place of business.
 


BACK

Google

Governmental and Private Foundation Grant Programs
There are more than 25,000 Governmental and Private Foundation Grant Programs available in the U.S. Today. Why haven't you heard about these programs? Because the U.S. Government and Private Foundations DON'T ADVERTISE these programs.
Note: Depending on the requirements of the program, you may or may not qualify for the programs, FIND OUT MORE...
Office Software Suite
Open Office Features: 
Create & edit Word, Excel & Powerpoint files
Reads and writes PDF files just like Adobe
All the features of MS Office & much more...
Bonus Anti-virus program
8 weeks premium support
And much much more ...