SECRET WORD

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STARTS WITH A

The recording, classifying, summarizing, and interpreting of financial events and transactions to provide management and other interested the information they need to make good decisions.

Assets

Accounting

STARTS WITH B

Grouping two or more products together and pricing them as a unit.

Bundling

Branding

STARTS WITH C

A complex form of bartering in which several countries may be involved, each trading goods for goods or services for services.

Common Market

Countertrading

STARTS WITH D

The quantity of products that people are willing to buy at different prices at a specific time.

Demand

Desire

STARTS WITH E

The study of how society chooses to employ resources to produce goods and services and distribute them for consumption among various competing groups and individuals.

E-Commerce

Economics

STARTS WITH F

The federal government’s efforts to keep the economy stable by increasing or decreasing taxes or government spending.

Fiscal policy

Free trade

STARTS WITH G

Tangible products such as computers, food, clothing, cars and appliances.

Goals

Goods

STARTS WITH H

Listing of individual or family income versus spending; used to determine how much someone can invest

household budget

hedging

STARTS WITH I

The financial statement that shows a firm’s profit after costs, expenses, and taxes; it summarizes all of the resources that have come into the firm (revenue), all the resources that have left the firm, expenses, and the resulting net income or net loss.

Import Statement

Income statement

STARTS WITH J

A partnership in which two or more companies (often from different countries) join to undertake a major project.

Joint trade

Joint venture

STARTS WITH K

A Greek letter used in the financial industry to represent the sensitivity of an option's price to changes in the price volatility of the underlying

Kilo

Kappa

STARTS WITH L

A specialized accounting book or computer program in which information from accounting journals is accumulated into specific categories and posted so that managers can find all the information about one account in the same place.

Liquidity

Ledger

STARTS WITH M

People with unsatisfied wants and needs who have both resources and willingness to buy.

Merger

Market

STARTS WITH N

The amount of money the federal government spends beyond what it collects in taxes for a given fiscal year.

National deficit

Notes payable

STARTS WITH O

Process whereby one firm contracts with other companies to do some or all of its functions.

Outsourcing

Operations

STARTS WITH P

An agreement with a promise to pay a supplier a specific sum of money at a definite time.

Payment notice

Promissory note

STARTS WITH Q

The general well-being of a society in terms of its political freedom, natural environment, education, healthcare, safety, amount of leisure and rewards that add to personal satisfaction.

Quality of Life

Quick policy

STARTS WITH R

The total amount of money a business takes in during a given period by selling goods and services.

Risk

Revenue

STARTS WITH S

A situation when the economy is slowing but prices are going up anyhow.

Supply

Stagflation

STARTS WITH T

The practice of buying goods and services now and paying for them later.

Total credit

Trade credit

STARTS WITH U

The responsibility of business owners for all of the debts of the business.

Unlimited assets

Unlimited liability

STARTS WITHV

More than a goal; an encompassing explanation of why the organization exists and where it’s trying to go.

Venture

Vision

STARTS WITH W

A tax deducted at source. For the financial services industry it refers to money from interest, coupon or dividend payments deducted by a party making payment to another and paid to tax authorities.

Withholding Tax

Wedger Tax

STARTS WITH X

Refers to any currency that is traded in markets outside of its domestic borders.

Xetra

Xenocurrency

STARTS WITH Y

Refers to a form of compensation paid by employers to their employees in addition to their wages or salaries.

Yield Basis

Year-End Bonus

STARTS WITH Z

Refers to a policy whereby merchants are required to obtain authorization for every transaction processed at their store, regardless of its size.

Zero-Floor Limit

Zero Cost Collar

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