| A | B |
|---|
| asset | any item of economic value owned by an individual or corporation, especially that which could be converted to cash. |
| unlimited liability | a type of investment in which a partner or investor can lose an unlimited amount of money. |
| double taxation | the imposition of two or more taxes on the same income. |
| limited liability | a concept whereby a person's financial liability is limited to a fixed sum, most commonly the value of a person's investment. |
| self-employed | is working for one's self rather than for another person or company. |
| liability | an obligation that legally binds an individual or company to settle a debt. |
| floating charge | a security interest over a fund of changing assets of a company or a limited liability partnership. |
| profit | the positive gain from an investment or business operation after subtracting for all expenses. opposite of loss. |
| e-business | electronic business, commonly referred to as "eBusiness" or "e-business", ... While e-business refers to more strategic focus with an emphasis. |
| finance charge | is any fee representing the cost of credit, or the cost of borrowing. It is interest accrued on, and fees charged for. |
| trade name | a trading name or a business name. |
| income statement | referred as profit and loss statement earnings statement, operating statement or statement of operations, is a company's. |
| loss | negative difference between retail price and cost of production. |
| sole proprietorship | owned or controlled by one person. |
| disadvantage | unfavorable condition or circumstance. |
| advantage | favorable condition or circumstance. |
| corporate taxes | refers to a tax levied by various jurisdictions on the profits made by companies or associations. |
| tax return | document giving the tax collector information about the taxpayer's tax liability. |
| limited partnership | a form of partnership similar to a general partnership. |
| accountant | someone who maintains and audits business accounts. |
| contract | an agreement between two or more parties, especially one that is written and enforceable by law. |
| w-2 form | the form that an employer must send to ... The W-2 form reports an employee's annual wages and the amount. |
| partners' compensation | the portion of contribution given by the partner or partners in a business venture. |
| disposition | state of mind regarding something; inclination: a disposition to gamble. |
| letter of Intent | document which spells out the general plans of an individual or company involved in a business deal. |
| partnership agreement | the agreement between all parties involved in the partnership venture. |
