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FI-091 Glossary 3/3

AB
InvestorsThose who invest their funds in a business; may be owners or stockholders
LoanMoney lent to individuals or businesses in exchange for the promise of repayment plus interest
Operating expensesAll of the expenses involved in running a business
Owner equityThe amount an owner has invested in the business, plus or minus profits and losses
PatentLegal protection of an invention or a process granted by government to its owners for a certain number of years
PayrollThe sum of money paid to employees in a given period
PermitA document that grants permission to do something
Profit-and-loss statementIncome statement


Business Marketing Teacher, Career Technical Education
CENTRAL CABARRUS HIGH SCHOOL
Concord, NC

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