Bizcross-level 3

3. Legally enforceable agreement between two or more parties
7. Degree of variation or fluctuation in the price of a financial asset
9. Gradual reduction of a loan or intangible asset value over a period of time
10. Institution that holds and safeguards securities on behalf of investors
11. Level of sales where total revenue equals total cost resulting in no profit or loss
12. Market structure where a single seller controls the entire supply of a product
13. Financial statement showing a company's profit or loss during a specific period
15. Possible liability that arises depending on the outcome of a future event
17. Long-term debt instrument issued by a company to borrow money from the public
18. Written legal promise by one party to pay a certain sum to another

1. Earnings before interest and taxes used to measure operating profitability
2. Intangible asset representing reputation and customer loyalty of a firm
4. Financial condition in which a person or firm cannot pay its debts when due
5. Japanese management philosophy of continuous improvement in business processes
6. Companies whose shares are officially traded on a stock exchange
8. First public issue of shares by a private company to raise capital from investors
11. Stock market traders who expect prices to rise and buy securities
14. Investors who take high risks expecting large profits from price changes
16. Buying and selling the same asset in different markets to profit from price differences
19. Measure of profitability calculated as return earned on an investment