Glossary | Banks | Money

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Account, n a formal contractual relationship established to provide for regular banking or brokerage or business services Accounting, n a system that provides quantitative information about finance Advertising, n the business of drawing public attention to goods and services Auction, n the public sale of something to the highest bidder Balance Sheet, n a record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets Bank, n a building in which commercial banking is transacted Bond, n a certificate of debt (usually interest-bearing or discounted) that is issued by a government or corporation in order to raise money; the issuer is required to pay a fixed sum annually until maturity and then a fixed sum to repay the principal Board Of Directors, n a group of persons chosen to govern the affairs of a corporation or other large institution Bookkeeping, n the activity of recording business transactions Business, n the activity of providing goods and services involving financial and commercial and industrial aspects Contract, n a binding agreement between two or more persons that is enforceable by law Consumer, n a person who uses goods or services Corporation, n a business firm whose articles of incorporation have been approved in some state Customs, n money collected under a tariff Fair competition, n a competitive exhibition of products Finance, n the commercial activity of providing funds and capital Financing, n the act of commercial activity of providing funds and capital Income Statement, n a financial statement that gives operating results for a specific period Interview, v discuss formally with (somebody) for the purpose of an evaluation Loan, n the temporary provision of money (usually at interest) Management, n the act of managing something; Market Economy, n an economy that relies chiefly on market forces to allocate goods and resources and to determine prices Marketing, n the commercial processes involved in promoting and selling and distributing a product or service; Money, n the official currency issued by a government or national bank Offer, n the verbal act of offering something Partnership, n a contract between two or more persons who agree to pool talent and money and share profits or losses Press, n the state of urgently demanding notice or attention Price, n value measured by what must be given or done or undergone to obtain something

n the activities involved in selling commodities directly to consumers Share. . n assets belonging to or due to or contributed by an individual person or group. n commodities offered for sale Promotion.• • • • • • • • • • • • • Producer. n a written document describing the findings of some individual or group Retailing. n act of raising in rank or position Report. n someone who finds financing for and supervises the making and presentation of a show (play or film or program or similar work) Product.

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