BLA Vocab Pd. 7

Surrender charge

type of sales charger that will reduce the value and the return of your investment

Overdraft Fee

negative balance in your accounts because you don’t have enough money to cover your transactions

Private Enterprise economy

An industry and business that is owned by individuals or stockholders, and not by the government or an official organization

Obsolete

Something that is no longer used, produced, no longer useful, and/or out of date

Extrinsically

not being associated with something

Status quo

the way something (is? definition was unfinished), almost like a rule, normally unchanged.

Angel investor

individuals who offer promising startup companies funding in exchange for a piece of the business, usually in the form of equity or royalties

Nuances

a subtle difference in or shade of meaning, expression, or sound.

Credit union

a nonprofit-making money cooperative whose members can borrow from pooled deposits at low interest rates.

Broker

a person who buys and sells goods or assets for others

Brick and mortar store

a place where you can buy things in person. Ex. Apple

Opportunity cost

the value of the next-best alternative when a decision is made

Listservs

computerized list of names and email addresses company stores, so they can email people w/ information

Decentralize(synonym: delegate)

to move the control of an organization or government from a single place to several smaller ones

Testimonial

a formal statement judging or testifying someone’s actions, character, and qualifications

Medium of exchange

system used to facilitate the sale, purchase, or trade of goods between parties

Logistics

the detailed coordination of a complex operation involving many people, facilities, or supplies.

Return on capital

measures a company's net income relative to the sum of its debt and equity value (equity = the value of the shares issued by a company.

Price quotation

a fixed price offer that can not be changed once the customer accepts it.

Uniform resource locator

Colloquially termed a web address

RAM

Hardware inside of a computer where the operating systems are stored.

Quantitative

a form of measurement usually by a number or percentage

Credit bureau

a company that collects information relating to the credit ratings of individuals, it also makes it accessible to credit card companies, financial institutions, etc.

Capital good

Any good used to help increase future production.

Debt financier

A person that helps manage your debt

Entry level

Lowest level in employment

Waiver

A document you sign so you can’t sue or claim damages the company for injuries

Premium (insurance)

The amount one pays for health insurance each month.

Capital structure

The particular distribution of debt and equity that makes up the finances of a company.

Channel management

A process where the company develops various marketing

Annual fee

A payment that is made annually, or yearly.

Copayment

A payment made beside the main payment