| 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/entity that invests money in a company but takes no part in the management of the business |
| slump | a severe downturn in the business cycle |
| slush fund | a fund used by a company for illegal purposes such as bribing officials |
| solvent | referring to assets being worth more than liabilities |
| standing order | instruction given by account holder to bank to make regular payments to the same peyee |
| 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,Taiwan |
| 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 | government department responsible for the nation's financial policies, the management of its economy |
| 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 | situation when some members of a country's labor force are willing to work but can't find employment |
| 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 | investment that doesn't attract interest from potential investors because it's not profitable enough |
| wear and tear | the deterioration of a tangible fixed asset as a result of normal use |
| white knight | someone eg. company's management who buys the company when a hostile company is trying to buy it |
| whizz kid | a young, successful person who makes a lot of money in large financial transactions |
| wholesale price | a price charged to customers who buy large quantities of an item |
| white elephant | product or service that hasn't sold well despite large amounts of money pumped into its development |
| world economy | the global marketplace |
| write-off | a reduction in the recorded value of an asset, usually to zero |
| WTO | World Trade Organisation |
| yield | 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 |
