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Equity Partnership
A limited partnership arrangement for providing start-up and seed capital to businesses.
Bookkeeping
The act of keeping a systematic account of financial transactions.
Debenture
Debt instrument evidencing the holder's right to receive interest and principal installments from the named obligor. Applies to all forms of unsecured, long-term debt evidenced by a certificate of debt.
I-9, Employment Eligibility Verification
Employers are required to have all employees and owners complete a form I-9 as proof of eligibility to work in the U.S.
Annual Budget
For an existing business, this is a realistic budget for the current fiscal year based on past income and expenditures. It includes anticipated changes in income and spending that may occur during the year.
Equity investment
Equity investment the cash that business owners invest in the business.
Balance sheet
Statement, which gives a picture of the business position at a given point in time. It shows what a business owns (assets) and what the business owes (liabilities).
Acceleration Clause
A clause (often in mortgages or other loans) where some action will occur ahead of schedule as a result of some other action. For example, an acceleration clause in a loan may mean that the full amount is due immediately if the debtor misses two monthly payments in a row.
Accumulated Depreciation
The total depreciation taken on an asset since it was acquired.
Adjusted Gross Income
Also known as AGI, it's your individual income before personal exemptions or standard or itemized deductions.
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