Business Glossary
Business Glossary
20 terms
My name is Magaly, I've been in my program for a year and a half, and I'm making this glossary for some students. Business is a way to make money, they take resources, transforms them into some products, and they sell them to make some profit. You can also sell your services in exchange for money of course. Business is useful because it creates employment, it's innovating the society and keep rolling the economy. What I mean about rolling the economy is when they make products, and then they sell them, the company make some money, but they need to pay their workers, the ground, the factory, anyway everything that is helping them when they do the products but also when they sell the products. I will present 20 terms that I found on the internet that is commons, and I found the definition in the dictionary. I want you to investigate those terms so when you go to work you will know what your employer will talk about.
- amortization
- The action or process of gradually writing off the initial cost of an asset.
- asset
- A useful or valuable thing, person, quality.
- bookkeeping
- The activity or occupation of keeping records of the financial affairs of business.
- budget
- An estimate of income and expenditure for a set period.
- cash flow
- The total of money being transferred into and out of a business, especially as affecting liquidity.
- cloud storage
- A mode of computer data storage in which digital data is stored on servers in off-side location.
- credit
- The ability of a customer to contain goods or services before payment, based on the trust that payment will be made in the future.
- customer
- A person or organization that buys goods or services from a store or business.
- debt
- Something, typically money, that is owed or due.
- discount
- A deduction from the usual cost of something, typically given for prompt or advance payment or to a special category of buyers.
- investors
- A person or organization that puts money into financial plans, property, etc. with the expectation of achieving a profit.
- key performance indicators
- A quantifiable measure used to evaluate the success of an organization, employee, etc. in meeting objectives for performance.
- liquidity
- The availability of liquid assets to a market or company.
- loss
- The fact or process of losing something or someone.
- net earning
- Revenue minus expenses, interest, and taxes.
- payroll taxes
- A tax paid on the wages and salaries of employees to finance social insurance programs like social security, medicare, and unemployed insurance.
- profit
- A financial gain, especially the difference between the amount earned and the amount spends in buying, operating, or producing something.
- share holder
- An owner of shares in a company.
- unearned revenue
- Money received by an individual or company for a service or product that has yet to be provided or delivered.
- wages
- A fixed regular payment, typically paid on a daily or weekly basis, made by an employer to an employee, especially ta a manual or unskilled worker.