Business terms

Front

Assets

Back

Anything valuable that a company owns (cash, property, equipment). Anything of value owned by an individual or business.

Front

Arbitration

Back

A method of resolving disputes outside the court system.

Front

Balance Sheet

Back

A financial statement showing assets, liabilities, and equity.

Front

Benchmarking

Back

Comparing business processes and performance metrics to industry bests or best practices.

Front

Bill of Lading (B/L)

Back

A legal document issued by a carrier to a shipper detailing the goods being transported.

Front

Break-even Point

Back

When revenue equals costs, and there’s no profit or loss.

Front

Bonded Warehouse

Back

A storage facility where imported goods can be stored without paying customs duties until they are sold or exported.

Front

Bootstrapping

Back

Starting a business with little or no external funding.

Front

Burn Rate

Back

The rate at which a company spends its capital before generating profits.

Front

Cash Flow

Back

The movement of money in and out of a business.