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27 True/False questions

  1. leveragedthe results of a borrower failing to meet repayment agreement on a debt

          

  2. credit reporting agency (CRA)a record of credit extended and the repayment thereof

          

  3. personal guaranteethe promise to pay issued by an individual

          

  4. angel investorperson or organization that is owed money

          

  5. principalthe amount of debt or loan before interest and fees are added

          

  6. tax abatementlegal reduction in taxes

          

  7. securitythe date at which a loan must be repaid, including when a bond must be redeemed by the issuer

          

  8. charge account(referring to bonds) the difference between a bond's trading price and its par value when the trading price is below par

          

  9. premium(regarding bonds) the amount above par for which a bond is trading in the market

          

  10. discountthe results of a borrower failing to meet repayment agreement on a debt

          

  11. parthe face value of a bond (typically $1,000) and the stated value of a stock

          

  12. floatthe time between a payment transaction and when the cash is actually in the payee's account

          

  13. sharethe face value of a bond (typically $1,000) and the stated value of a stock

          

  14. bootstrap financingfinancing a business by creatively stretching existing capital as far as possible, including extensive use of the entrepreneur's time

          

  15. financing(referring to bonds) the difference between a bond's trading price and its par value when the trading price is below par

          

  16. promissory notea loan made against an insurance policy with cash value

          

  17. creditorthe ability to borrow money

          

  18. tax creditdirect reduction of taxes

          

  19. creditperson or organization that is owed money

          

  20. debt servicethe date at which a loan must be repaid, including when a bond must be redeemed by the issuer

          

  21. policy loana loan made against an insurance policy with cash value

          

  22. venture capitalistan investor o investment company whose speciality is financing new, high-potential entrepreneurial companies and second-stage companies

          

  23. risk tolerancethe amount of risk or threat of loss that an individual is willing to sustain

          

  24. defaultthe results of a borrower failing to meet repayment agreement on a debt

          

  25. maturitythe date at which a loan must be repaid, including when a bond must be redeemed by the issuer

          

  26. credit historya record of credit extended and the repayment thereof

          

  27. face valuethe amount off a bond, also known as par, to be repaid by the corporation or government at its maturity date