SALARY
often SALARIES
- Fixed pay for regular work, usually paid every two weeks or monthly.
SALES
INVOICE - A
copy of the invoice, retained by the seller, to show evidence of the
sales
transaction.
SECONDARY-TYPE
REVENUES
- A second source of revenues obtained mostly from investments.
SECURED
- Protected
or guaranteed.
SERVICE
BUSINESS -
A retail business that deals in activities for the benefit of others.
SOLE
PROPRIETORSHIP
- A form of business organization in which one person is the sole owner.
SOURCE
DOCUMENTS -
Business forms (papers) that show the evidence of business transactions
on a certain date.
STRUCTURING
A LOAN
- The process of making decisions on five main aspects of loan like
amount,
cost, repayment provisions, security and covenants and conditions-so it
meets the borrower's needs and is " bankable" from the bank's point of
view.
SPOT RATE
- The exchange
rate for the immediate delivery of one currency for another. In other
words,
the exchange rate for buying and selling currency now.
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