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 |
seasoned equity | shares that have traded long enough to have good value |
secondary market | a market that trades in existing shares rather than new share issues |
share certificate | a document that certifies ownership of a share in a company |
shareholder | a person or entity that owns shares in a company |
share issue | the offering for sale of shares in a business |
shell company | a company that has ceased to trade but is still registered |
sleeping partner | a person or entity that invests money in a company but takes no part in the management of the busine |
slump | a severe downturn in the business cycle |
slush fund | fund used by a company for illegal purposes such as bribing officials |
solvent | referring to assets being worth more than liabilities |
standing order | an instruction given by an account holder to a bank to make regular payments on a given date to the |
stealth wealth | advantage that the owner of a company does not realise he has |
stock exchange | a registered market in securities |
takeover | an acquisition by a company of a controlling interest of another company |
tangible assets | assets that are physical, such as buildings, cash and stock |
tariff | a government duty imposed on imports |
tax dodge | an illegal method of paying less tax than an individual or company is legally obliged to pay |
tax evasion | the illegal practice of paying less money in taxes than is due |
tax exile | a person or business that leaves a country to avoid paying taxes |
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 and Ta |
tight money | a situation where it is expensive to borrow money |
trade barrier | a condition imposed by a government to limit free exchange of goods internationally |
trade war | a competition between two or more countries for a share of international or domestic trade |
Treasury | a government department responsible for the nation's financial policies, as well as the management o |
turbulence | unpredicted and swift changes in a company's external or internal environment |
turkey | a poorly performing business or investment |
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 cannot find empl |
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 |
velocity of money | the rate at which money circulates in an economy |
venture capital | money used to finance new companies with high earning potential and high risk |
wages | a form of pay given to employees for the work they have done on a weekly basis |
wallflower | an investment that does not attract interest from potential investors because it has not been profit |
wear and tear | the deterioration of a tangible fixed asset as a result of normal use |
white knight | a person or entity liked a company's management who buys the company when a hostile company is tryin |
whizz kid | a person or entity liked a company's management who buys the company when a hostile company is tryin |
wholesale price | a price charged to customers who buy large quantities of an item |
white elephant | a product or service that has not sold well despite large amounts of money pumped into its developme |
world economy | the global marketplace |
write-off | a reduction in the recorded value of an asset, usually to zero |
WTO | World Trade Organisation |
yield | a percentage of the amount invested that is the annual income from the investment |
zillionaire | a very wealthy person |
zombie | a business that continues to trade even though it is officially insolvent |