lessee	the person who uses a leased asset
lessor	the person who provides the asset being leased
loan shark	somebody who lends money at excessively high rates of interest
long-term liabilities	loans that are due after at least one year
majority shareholder	a shareholder with a controlling interest in a company
management buy-out	purchase of existing business by individual manager or management group from within that business
margin	the difference between the cost and the selling price of a service
market economy	an economy in which a free market in goods and services operates
money laundering	the process of making money obtained illegally appear legitimate
mortgage	a credit to finance the acquisition of land and real property
national debt	the total borrowing of a country's government
near money	assets that can be quickly turned into cash, e.g. bank deposits, short-dated bonds
NYSE	New York Stock Exchange
overdraft	withdrawal of more money from a bank account than it contains
payroll	a record showing each employee his gross pay, deductions and net pay
payslip	a document given to employees when they are paid
PIN	personal identification number
pension	money received regularly after retirement
principal	the original amount of a loan not including interest
parent company	a company with one or more subsidiary undertakings
profit and loss account	the summary record of a company's sales revenues and expenses over a period
profiteer	an individual who aims to make excessive profits disregarding others
public debt	the money that the government owe
quoted company	companies listed on a stock exchange
red tape	excessive bureaucracy
revenue	the income generated by a product or service
rogue trader	a dealer in stocks and shares who uses illegal methods to make profits
royalties	proportion of the income from the sales of a product to its creator or owner, e.g. a land owner
salary	a form of pay given to employees at regular intervals for the work they have done
savings account	an account with a bank that pays interest
secondary market	a market that trades in existing shares rather than new share issues
shareholder	a person or entity that owns shares in a company
share issue	the offering for sale of shares in a business
sleeping partner	a person or entity that invests money in a company but takes no part in the management of the busine
stock exchange	a registered market in securities
tariff	a government duty imposed on imports
tax evasion	the illegal practice of paying less money in taxes than is due
tax haven	a country that has very low taxes
tiger	any of the key markets in the Pacific region, except Japan: Hong Kong, South Korea, Singapore Taiwan
tight money	a situation where it is expensive to borrow money
Treasury	government department responsible for the nation's financial policies, and management of the economy
turnover	total sales revenue for an accounting period
tyre kicker	a potential customer who asks for information and requires attention but does not buy anything
unemployment	the situation when some members of a country's labour force are willing to work but cant find employ
unlimited liability	full responsibility for the obligations of a general partnership
unlisted company	a company that has no securities listed on a stock exchange
variable interest rate	an interest rate that changes in relation to a standard index during the period of a loan
VAT	value-added tax
wages	a form of pay given to employees for the work they have done on a weekly basis
wear and tear	the deterioration of a tangible fixed asset as a result of normal use
white knight	person/entity liked company's management who buys company when hostile company is trying to buy it
whizz kid	a young, successful person who makes a lot of money in large financial transactions
white elephant	product or service that has not sold well despite large amounts of money pumped into its development
write-off	a reduction in the recorded value of an asset, usually to zero
yield	a percentage of the amount invested that is the annual income from the investment