| A | B |
|---|
| Double taxation | imposition of two or more taxes on the same income (in the case of income taxes), asset (in the case of capital taxes), or financial transaction (in the case of sales taxes). It refers to two distinct situations. |
| Trade name | the name which a business trades under for commercial purposes, although its registered, legal name, used for contracts and other formal situations, may be another. |
| Corporate taxes | refers to a tax levied by various jurisdictions on the profits made by companies or associations. It is a tax on the value of the corporation’s profits. |
| limited liability | limited to a fixed sum, most commonly the value of a person's investment in a company or partnership with limited liability. In other words, if a company with limited liability is sued, then the plaintiffs are suing the company, not its owners or investors. |
| Loss | A condition in which a company's expenses exceed its revenues. opposite of profit. |
| Floating charge | floating security at the time of its creation but has since become a fixed or specific charge. |
| Profit | making of gain in business activity for the benefit of the owners of the business. |
| Self-Employed | working for one's self rather than for another person or company. |
| Income Statement | profit and loss statement (P&L), earnings statement, operating statement or statement of operations, in a company. |
| E-Business | online business. |
| Finance Charge | any fee representing the cost of credit, or the cost of borrowing. |
| Liability | an obligation that legally binds an individual or company to settle a debt. When one is liable for a debt. |
| Asset | any item of economic value owned by an individual or corporation, especially that which could be converted to cash. |
