Flashcards in this deck (38)

• What do 1Q, 2Q, 3Q, 4Q stand for?

  Abbreviations for quarters of a business year or fiscal year.
  business finance
• What triggered the 2008 Financial Crisis?

  Collapse of the housing market and major financial institutions.
  economics history
• What is a 401K?

  An employer-sponsored retirement savings plan.
  finance retirement
• What is the tax status of 501(c) organizations?

  They are tax-exempt nonprofit organizations.
  tax nonprofit
• What does A.F.L.-C.I.O. represent?

  Union of labor unions in the U.S.
  labor unions
• What is the difference between accounts payable and accounts receivable?

  Payable is money owed to others; receivable is money owed to you.
  finance accounting
• What is the role of an actuary?

  Calculates insurance and annuity premiums using data.
  insurance finance
• What does 'ad hoc' mean?

  Means 'for this' in Latin; refers to a committee set for a specific task.
  latin business
• What is the Affordable Care Act (ACA)?

  Comprehensive health care reform law passed in 2010.
  healthcare law
• What does 'aka' stand for?

  Also known as.
  language abbreviations
• What is amortizing?

  Gradually paying off a debt over time.
  finance debt
• What is an annual fund?

  Money a nonprofit organization raises each year.
  nonprofit fundraising
• What is an annual report?

  Financial and management summary sent to stockholders annually.
  business reporting
• What is an annuity?

  A form of retirement income bought with a lump sum or over time.
  finance retirement
• What is an appraisal?

  Expert estimate of property value by a licensed appraiser.
  real_estate valuation
• What does appreciation refer to in finance?

  Increase in dollar value of an asset.
  finance economics
• What generally happens to machines over time?

  They depreciate.
  finance depreciation
• What does APR stand for?

  Annual percentage rate.
  finance loans
• What is arbitrage?

  Buying in one market and selling in another.
  finance arbitrage
• What is arbitration?

  Solving a dispute with a neutral third party.
  law dispute_resolution
• What is an adjustable rate mortgage (ARM)?

  Loans with lower initial rates that can increase.
  finance mortgages
• What is an arm's length deal?

  A straight business deal without favoritism.
  business deals
• What does being in arrears mean?

  Being late on payments.
  finance payments
• What does ASAP stand for?

  As soon as possible.
  business abbreviations
• What is asset allocation?

  Balancing investments based on age and situation.
  finance investments
• What is the average?

  Total divided by the number of items.
  math statistics
• What is bait and switch?

  Advertising one item but substituting another.
  business retail
• What is a baker's dozen?

  Thirteen of anything.
  culture numbers
• What is the balance of trade?

  Comparison of imports and exports.
  economics trade
• What is a balance sheet?

  An accounting statement of assets vs. liabilities.
  finance accounting
• What is a ballpark figure?

  A rough estimate of a number or price.
  business estimates
• What are banker's hours?

  Short workdays typical of older banking hours.
  business hours
• What is bankruptcy?

  Legal shelter from creditors and debts.
  finance law
• What is a basis point?

  1/100th of 1%.
  finance interest_rates
• What does bcc stand for?

  Blind copy.
  email communication
• What is equal to 1/100th of 1%?

  Basis point
  finance interest_rates
• What is the use of basis points?

  Describe spreads between interest rates
  finance interest_rates
• What does bcc stand for?

  Blind copy
  email notation