Professional Foreign language ECN/ENG2101 L, Mussurov Altay

The movement of cash into and out of a business

Collateral is something lenders can use to give security against a loan. Often this is a major asset such as a house.

This is any item which can be freely bought and sold. Examples include gold, food products and coffee beans.

The exclusive legal right, owned by the individual or group who created a work, or by an individual or group assigned by the originator, to use certain material and to allow others the right to use the material.

Corporate social responsibility (CSR) is a form of self-regulation, where companies integrate social, environmental and ethical policies into their overall business strategy. Companies embracing CSR should take responsibility for their actions and take a proactive approach to having a minimal negative impact on the world.

A person or firm that has lent your business money or to whom you owe money.

A critical success factor is an element that must occur in order for a business to achieve its ultimate goal.

A person or firm that owes money to you or your business.

The reduction in value of assets over time, usually due to wear and tear.

When new products, services, customers or markets are added to your company’s portfolio. Diversification usually occurs as a risk reduction strategy.