Financial Concepts Part 3

Front

The 12 month period a company uses to report financial results.

Back

FISCAL YEAR

Front

Cost that do not vary based on the units sold by your enterprise. (Ex. rent)

Back

FIXED COST

Front

The act of making a business different and more attractive to target customers.

Back

DIFFERENTIATION

Front

failure to repay a loan.

Back

DEFAULT

Front

Funds lent to a business with an agreement that the business will repay the lender with interest.

Back

CREDIT OR DEBT

Front

A loss that an insurance company will reimburse a policyholder for in the event of a claim. (Ex. fire damage, theft)

Back

COVERED LOSS

Front

Having a business that offers something "different than any other business," attracting customers generating sales and serving as the foundation for a thriving business.

Back

DIFFERENTIATED OFFERING

Front

An investment phenomenon, where strangers learn about your business online and then decide whether or not to make an investment. Investors are typically fans of the owner, but they do expect a return on their investment. (The company pays a percentage of the capital raised the online investors.)

Back

CROWD FUNDING

Front

The amount that an insurance company makes a policyholder pay as part of any claim.

Back

DEDUCTIBLE

Front

The option a supplier might grant a company to pay their bills later than they normally would.

Back

extended payment terms