that is real (in the business, something that can be seen and
NET WORTH or
TANGIBLE EQUITY - Net worth less intangible assets.
SALE - The
conditions concerning payment for a purchase.
- A loan
you obtain for a specified length of time (term) to finance the
of a fixed (or long-term) asset.
CREDIT - Credit
a supplier gives to customers by allowing them a certain period in
NAME - The name
under which a business is operated; a distinctive name that identifies
a product or service as being produced or sold by a particular company;
BALANCE - A
list of account balances in a ledger, usually showing the account
and/or names, prepared to prove that the ledger is in balance.