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FI-010 Glossary 3/3

AB
IntangibleNot having a physical presence
LiquidityAbility to be converted into cash
PatentLegal protection of an invention or a process granted by government to its owners for a certain number of years
Net WorthA company’s worth according to the balance sheet; also called book value
Public companyA company whose shares are traded on a stock exchange
TrademarkA word, name, symbol, or device used by a manufacturer or merchant to identify and distinguish its goods from those manufactured and sold by others
WarrantyA promise made by the seller to the customer that the seller will repair or replace a product that does not perform as expected
PPEProperty, plant, and equipment; another term for fixed assets


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

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