| A | B |
|---|
| DEPOSITORY | FINANCIAL INSTITUTIONS THAT EARN MONEY BY ACCEPTING DEPOSITS FROM CUSTOMERS SUCH AS COMMERCIAL BANKS AND CREDIT UNIONS |
| NON-DEPOSITORY | EARNS MONEY BY SELLING SERVICES SUCH AS POLICIES AND INVESTMENTS SUCH AS LIFE INSURANCE COMPANIES |
| CHECKING ACCOUNT | ENDORSEMENT ALLOWS PAYMENT USING MEDIUM OF CHECKS FOR PAYMENT RATHER THAN CASH |
| ENDORSEMENT | ALLOWS PAYEE TO CASH THE CHECK, DEPOSIT THE CHECK OR TANSFER PAYMENT TO SOMEONE ELSE |
| BLANK ENDORSEMENT | CONSISTS OF ENDORSER'S NAME ONLY; ANYONE WHO HAS A CHECK WITH A BLANK ENDORSEMENT MAY CASH IT |
| SPECIAL ENDORSEMENT | TRANSFERS PAYMENT OF CHECK TO SOMEONE ELSE |
| RESTRICTIVE ENDORSEMENT | LMITIS USE OF THE CHECK TO DEPOSIT ONLY |
| BANK RECONCILIATION | USE MONTHLY STATEMENT AND CHECKBOOK BALANCE AND FIND WHY THERE ARE DIFFERENCES I.E. CHECKS THAT HAVE NOT CLEARED THE BANK YET |
| OUTSTANDING CHECKS | CHECKS THAT HAVE NOT BEEN PRESENTED FOR PAYMENT YET |
| OUTSTANDING DEPOSITS | DEPOSITS THAT THE BANK HAS NOT RECORDED YET BUT OWNER HAS RECEIPT FOR |
| FEDERAL RESERVE SYSTEM | SUPERVISES ALL BANKS; ACTS AS CLEARINHOUSE; APPROVES BANK MERGERS; SUPPLIES PAPER CURRENCY; MANAGES DISCOUNT RATE FOR LOANS |
| START-UP | DETERMINES THE AMOUNT OF MONEY NEEED TO START AND OPERATE THE BUSINESS UNTIL A PROFIT IS MADE; MAJOR SALES AND EXPENSES ARE DETERMINED |
| OPERATION | FINANCIAL PLANNING INCLUDES DETERMINING WHETHER THEY ARE MAKING ENOUGH MONEY TO OEPRATE |
| EXPANSION | FINANCIAL PLANNING INCLUDES DETERMINING WHETHER ENOUGH MONEY IS MADE TO COVER GROWTH OPPORTUNITIES |
| ASSET RECORDS | FINANCIAL RECORD SHOWING ALL INFO ON EQUIPMENT INCLUDING CURRENT WORTH |
| DEPRECIATION RECORDS | RECORDS DEPRECIATION ON EQUIPMENT EACH YEAR JUST LIKE A USED CAR |
| INVENTORY RECORDS | SHOWS DOLLAR VALUE OF ASSETS IN HOUSE |
| PAYROLL RECORDS | SHOWS MONEY EARNED, TAXES WITHHELD AND OTHER DEDUCTIONS AND NET PAY |
| TAX RECORDS | SHOWS ALL TAXES WITHHELD AND SENT IN PAYMENT |
| FINANCIAL PERFORMANCE RATIOS | COMPARISONS USING COMPANY'S FINANCIAL DATA TO DETERMINE HOW WELL A BUSINESS IS PERFORMING |
| CURRENT RATIO | EQUALS CURRENT ASSETS/CURRENT LIABILITIES |
| DEBT TO EQUITY RATIO | EQUALS TOTAL LIABILITIES/OWNER'S EQUITY |
| RETURN ON EQUITY RATIO | EQUALS NET PROFIT/OWNER'S EQUITY |
| NET INCOME RATIO | EQUALS TOTAL SALES/NET INCOME |
| YIELD | CALULATED BY TAKING CURRENT VALUE-ORIGINAL VALUE/ORIGINAL VALUE |
| ETF | EXCHANGE-TRADED FUND |
