In this video, we talk about some core business terms. Businesses, regardless of the industry or size, require regular cash flow from their clients and the customer to pay their expenses, such as their employees’ salaries and the utilities. Common Contract Terms Explained Disclaimer In every contract there are invariably a slew of legal terms and conditions that, regardless of the contract’s purpose, go unchanged and often unchecked by the contracting parties. Long-term liabilities (LTL) are typically payable over a period of time greater than one year. This is How to Build Remote Work into Your Startup Business Plan, How to Write a Business Plan for a SaaS Company, How to Create an Accurate Restaurant Sales Forecast in 2020, See more articles in Writing a Business Plan », How to Make Your Business Plan Standout for Investors, How to Successfully Pitch Your Business Idea to Investors, The 11 Slides You Need to Have in Your Pitch Deck for 2020, See more articles in Pitching a Business », How Your Digital Marketing Strategy Can Help Your Business Get Funding, How to Build Credit 101 for Small Business Owners. Client: … If you want to use a French word, try “rapport.” Touch base: another term borrowed from the US game baseball. Key terms of Brexit deal explained in bullet points Why China turned against Jack Ma Experience Peak Performance with Kia Sonet on our drive to Maharashtra’s highest point - Kalsubai peak They will use various means to achieve that. The command terms used in IB questions are divided into four levels. Wages and payroll taxes are common examples. Sports betting is gaining mainstream acceptance throughout the country as more states opt to legalize and regulate the industry. Be the first to rate this post. The Huttenlocher Group (248) 681-2100 Michigan Commercial Insurance Quote - We all know that business insurance can get very confusing very quickly. Lenders want to reduce the financial risks they take when lending money. Check out these Offerings. UK and European Union negotiators have finalized their historic post-Brexit trade agreement. Earnings Before Interest and Taxes. "The deal is done," was the message posted on social media alongside an image of a jubilant UK Prime Minister Boris Johnson with his arms in the air, moments after news of a post-Brexit free trade agreement hit the headlines on Thursday. So, to help you out, we’ve made this handy list of common business insurance terms and what they mean! Terms you’re most likely to hear… Bill of Lading (B/L or BOL) The official shipping document containing details about the shipment. Freelancers vs. Employees — Which Option Is Best For My Startup? Financial statement – a summary of a business's financial position for a given period. Assessed Value The value of your commercial property – determined by a tax official. The startup world operates on a lot of lingo. 85 Startup Resources You Should Know About, Free SBA Course on Writing a Business Plan, Using Your Elevator Pitch To Build Your Business Strategy, From The Trenches - Real Stories, Real Pitches, Earnings Before Interest Taxes Depreciation and Amortization, Innovation (Evolutionary or Revolutionary), Senior Corps of Retired Executives (SCORE). AccountsActively managed fundsActuaryAdministrationAfter-hours dealingAllocation rateAlternative investment marketAnnual bonusAnnual equivalent rate (AER)Annual general meeting (AGM)Annual percentage rate (APR)AnnuityArbitrageAsset strippingAuditorsAverage (arithmetic mean)Average earnings growth, Balance of paymentsBalance sheetBank of EnglandBank of England's inflation reportBanker's draftBase rateBear marketBid-offer spreadBlack swanBlue chipBondBridging loanBritish Retail ConsortiumBrokerBudgetBuildings insuranceBull marketBusiness cycleBuy-outBuy-to-let mortgage, CAC 40 indexCarry tradeCBI industrial trendsCapital accountCapital gainCapital gains taxCapital ratios - Tier 1 and Tier 2CDOsCentral bankChapter 11 bankruptcyChartered Institute of Purchasing and SupplyChartistsChinese wallsCity of LondonCollateralCommercial paperCommodityCompetition CommissionConfederation of British Industry (CBI)Consumer Prices Index (CPI)Consumer confidenceContents insuranceCorporate raidersCorporation taxCost-push inflationCouncil taxCredit crunchCredit default swapsCredit reference agencyCurrent account, Day tradingDead cat bounceDefined benefit pensionDefined contribution pensionDeflationDemand-pull inflationDemutualisationDepressionDerivativesDiminishing returnsDiscount mortgageDividendDividend yieldDow Jones industrial average, EbitEbitdaEarnings per share (EPS)Economic growthEconomies of scaleElasticityEndowment policyEnterprise valueEquityEquity derivativesEthical investmentEuropean Bank for Reconstruction and DevelopmentEuropean Central BankExternalities, Final salary pension schemeFinancial Services AuthorityFinancial yearFiscal policyFiscal yearFixed costsFixed-rate mortgageFlexible mortgageForeign exchange (Forex)FreeholdFTSE 100 indexFTSE 250FTSE 350FTSE All-ShareFTSE SmallCapFTSE TechMARKFTSE4GoodFutures, GazumpingGazunderingGearingGiltsGlass-Steagall ActGoldGolden handcuffsGolden handshakeGolden helloGolden parachuteGolden ruleGolden shareGreenbackGrey knightGross domestic product (GDP)Gross national product (GNP)Ground rentGroup of Eight (G8)Group of Seven (G7)Guaranteed annuity rateGuarantor, Half yearHang SengHedge fundsHome reversion planHorizontal mergerHostile takeoverHouse price surveysHyperinflation, Income protection insuranceIncome statementIncome taxIndependent financial adviser (IFA)Individual savings account (Isa)Industrial outputInflationInflation measuresInheritance taxInsider tradingInstitutional investorInterest-only mortgageInterimInvestment trustInvisible handIrrational exuberance, Laissez-faireLeaseholdLeveraged buyoutLibor rateLiquid assetLloyd's of LondonLoan-to-valueLondon Stock Exchange, MacroeconomicsManaged fundManufacturing outputMarginMedianMergerMicroeconomicsMinimum wageMonetarismMonetary policy committeeMoney supplyMonopolyMortgage brokerMortgage indemnity protection/guaranteeMortgage termMutualMutual fund, Naked short-sellingNasdaqNational Economic CouncilNIESRNational debtNational insuranceNegative equityNet asset valueNew York Stock ExchangeNikkei 225Nominal interest rateNominal valuesNon-executive director, Occupational pension schemeOffice for National Statistics (ONS)Office of Fair Trading (OFT)Offshore accountOld Lady of Threadneedle StreetOligopolyOpen-market operationsOperating profit/lossOptionOrdinary residenceOrdinary shareOrganisation for Economic Cooperation and DevelopmentOrganisation of petroleum exporting countries (Opec)Overdraft, Pay As You Earn (PAYE)Percentage changePermanent interest-bearing shares (Pibs)Personal loanPoison pillPonzi schemePortfolioPoundPoverty trapPrecipice bondsPreference sharesPreliminary announcement (prelim)Premium bondsPrice to earnings ratio (PE ratio)Primary discount ratePrivatisationProducer price indexProfit and loss accountProfit Participating Deferred SharesProfitsPublic companyPurchasing Managers' Index (PMI)Purchasing power parity, Quantitative easingQuantity theory of moneyQuarterly reportQuota, RallyRandom walk theoryRate of returnRatings agenciesReal estate investment trustsReal interest rateReal valuesRecessionRegressive taxRegulatory News Service (RNS)Repayment mortgageRetail Prices Index (RPI)Retirement ageReverse takeoverRights issueRoyal Mint, Savings accountSecond-lien loanSecurities and Exchange CommissionSecuritySelf-certification mortgageSelf-invested personal pensions (Sipps)Self-select IsaSerious Fraud Office (SFO)Share indexShare optionsShareholderShort sellingSIVsSmith, AdamSoft commodities (softs)SoniaSpecial liquidity schemeSplit capital investment trustsSpot market/spot priceSquare MileStagflationStakeholder pensionsStamp duty (equities)Stamp duty (housing)Standard & Poor's 500 stock indexStockStock exchangeSub-prime loansSupply and demandSwaps, TakeoverTakeover PanelTakeover bidTangible Common Equity RatioTarp (troubled asset relief programme)Tax havenTeaser rateTerm assuranceTerminal bonusTracker fundsTrade balanceTreasuryTurnover, Underwriter (insurance)Underwriter (shares)UnemploymentUnit trustUnquoted shares, Value added tax (VAT)Variable rate mortgageVertical mergerVolumeVulture funds, Wall StreetWeighted averageWhite knightWhole-of-life policyWindfall taxWithout-profits policyWrite down, write off, Handy definitions of financial and economic jargon - from libor and quantitave easing to black swans and dead cat bounces, Chartered Institute of Purchasing and Supply, European Bank for Reconstruction and Development, Organisation for Economic Cooperation and Development, Organisation of petroleum exporting countries (Opec). 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