| A | B |
| Colony | Place away from original country but still ruled by original country |
| Colonization | When a country sends people to explore and found new territories for it |
| Conquistador | Spanish counquerors |
| Joint-stock company | Pooled resources of many investors for large projects, such as colonization |
| Headright system | Granted 50 acres of land to new settlers who either paid their passage or bought shares |
| Exploration | When a country sends people out to discover new lands |
| Indentured servant | A person who promises to work for another for a specific period of time in order to receive passage to the new world |
| Proprietor | Individual who could govern colony any way they chose |
| Royal Colony | Colony ruled by a governor appointed by the king |
| Mercantilism | A country who sells more than they buy |
| Salutary neglect | When the founding country does not concern themselves with the governing of a colony |