Business and Economics Glossary: Key Terms in Finance and Accounting, Quizzes of Corporate Finance

Download Business and Economics Glossary: Key Terms in Finance and Accounting and more Quizzes Corporate Finance in PDF only on Docsity! TERM 1 wealth DEFINITION 1 the economic value of the assets someone possesses TERM 2 stakeholder DEFINITION 2 anyone other than an owner (stockholder) with a claim on the cash flows of a firm, including employees, suppliers, creditors, and the government TERM 3 productive assets DEFINITION 3 the tangible and intangible assets a firm uses to generate cash flows TERM 4 residual cash flows DEFINITION 4 the cash remaining after a firm has paid operating expenses and what it owes creditors and in taxes; can be paid to the owners as a cash dividend or reinvested in the business TERM 5 bankruptcy DEFINITION 5 legally declared inability of an individual or a company to pay its creditors TERM 6 capital structure DEFINITION 6 the mix of debt and equity that is used to finance a firm TERM 7 capital markets DEFINITION 7 financial markets where equity and debt instruments with maturities greater than one year are traded TERM 8 net working capital DEFINITION 8 the dollar difference between current assets and current liabilities TERM 9 sole proprietorship DEFINITION 9 a business owned by a single individual TERM 10 partnership DEFINITION 10 two or more owners who have joined together legally to manage a business and share in its profits