Financing Your Business

3. a loan payable within one year
6. when banks use a business’s inventory as collateral for a loan
7. amounts owed by a business to its vendors for merchandise purchased on credit
9. an accounting report that describes the way cash flows into and out of a business over a period of time
10. money loaned to a business with the understanding that the money will be repaid within a certain time period
11. the use of the Internet to fund a business venture or project by raising money from a large number of people
12. a list of people who receive salary or wage payments from a business
17. the amounts owed to a business by its credit customers
18. a booklet in which an account holder records the dates and amounts of the checks as well as the names of people or businesses to whom he or she has written the checks
19. property that a borrower forfeits to the bank providing the loan if he or she defaults on the loan
22. a loan payable over a period longer than a yea
23. a financial statement that shows the business’s revenues and expenses incurred over a period of time and the resulting profit or loss

1. the difference between what is owned, called assets, and what is owed, called liabilities
2. an agreement by a bank to lend up to certain amount of money whenever the borrower needs
4. money invested in a business in return for a share in the profits of the business
5. items of value that you own
8. the relation between the dollars borrowed and the dollars invested in a business
13. accounting records of the transactions you make
14. a financial statement that lists what a business owns, what it owes, and how much it is worth at a particular point in time
15. an individual or a company that makes a living by investing in startup companies
16. an accounting record that provides financial detail for a particular business item, such as for cash, sales, rent, and utilities
20. amounts you owe to others
21. any business activity that changes assets, liabilities, or net worth