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Key Financial Concepts and Definitions for Business Growth

Explore essential financial terms that are crucial for understanding business growth and operations. This slideshow covers fundamental concepts such as accrue, arbiter, audit, cartel, collateral, subordinate, commodity, conglomerate, liquidate, lucrative, and security. Each term is defined clearly, providing insights into their significance in the business world. Gain valuable knowledge about how these concepts affect decision-making, obligations, and financial health. Perfect for students and professionals wanting to enhance their business acumen.

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Key Financial Concepts and Definitions for Business Growth

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  1. Lesson 20 Slideshow By: Gabriela Acebal Julia Toro Clarianne Moscoso Chris Arnold

  2. Accruev. • To increase, accumulate, or come about as a result of growth.

  3. Arbiter • A person chosen to judge or decide a disputed issue; a person who has the power to judge at will arbiter

  4. Audit • To examine, verify, or correct the financial accounts of; to attend a course without requesting or receiving academic credit

  5. Cartel • A group of independent businesses formed to control production, pricing, and marketing goods.

  6. Collateral • Property that is pledged as security for a loan if the loan is not repaid, the property is taken. Subordinate, Serving to support.

  7. Commodity • Someone or something valuable and useful. An item of trade or commerce, especially a mining product.

  8. Conglomerate • A corporation made up of a a number of companies that operate in different fields

  9. Liquidate • To settle a debt, claim, or other obligations by selling property or goods; to convert assets into cash. They went out of business due to debts.

  10. Lucrative • Producing wealth; profitable.

  11. Security • A document showing ownership or something owed; something given as assurance of the fulfillment of an obligation

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