Vocab Word Scramble
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| Term | Definition |
| Sole Proprietorship | Unincorporated business owned and run by a single person who has the rights to all profits and unlimited liability for all debts of the firm. Most common form of business in the US. |
| Partnership | Unincorporated business owned and operated by tow or more people who share profits and have unlimited liability for the debts and obligation of the firm. Same as general partnership. |
| Corporation | Form of business organization recognized by law as a separate legal entity with all the rights and responsibilities of an individual, including the right to buy and sell property, enter into legal contrast, sue and be sued. |
| Stock | Certificate of ownership in a corporation, common or preferred stock. |
| Stockholder | Person who owns a share or shares of stock in a corporation. Same as shareholders. |
| Dividend | Check paid to stockholders, usually quarterly, representing portion of corporate profits. |
| Bond | Formal contract to repay borrowed money and interest on the borrowed money at regular future intervals. |
| Principal | Amount borrowed when getting a loan or issuing a bond. |
| Interest | Payment made for the use of borrowed money; usually paid at periodic intervals for long-term bonds or loans. |
| Double Taxation | Feature of taxation that allows stockholders' dividends to be taxed both as corporate profit and as personal income. |
| Merger | Combination of two or more business enterprise to form a single firm. |
| Net Income | Measure of business profits determined by subtracting all expenses, including taxes, from revenues. |
| Cash Flow | Total amount of new funds the business generates from operations; broadest |
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3zimm
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