Small Business

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  1. 8(a) Firm

    An 8(a) firm is a small business in which the owners and operating parties are socially or economically disadvantaged.
  2. Junior Company

    A junior company is a small company that is looking to find a natural resource deposit or field.
  3. Love Money

    Love money is capital given to an entrepreneur by family or friends in order to begin a business venture.
  4. Parsonage Allowance

    Parsonage allowance is designated by the governing board of a church to its clergy or ministers for the expenses of providing ...
  5. What You Should Know About Net Neutrality

    Here's what the end of Net Neutrality means for us.
  6. Brokerage Department

    A brokerage department within an insurance company obtains insurance for difficult-to-insure customers through alternate ...
  7. Leveraged Employee Stock Ownership Plan - LESOP

    An equity compensation system where sponsoring companies leverage credit to purchase shares from company treasuries, to then ...
  8. Non-Qualified Deferred Compensation - NQDC

    Non-Qualified Deferred Compensation is compensation an employee has earned but not received. It's often used a as a tax-saving ...
  9. United States Government Life Insurance (USGLI)

    United States Government Life Insurance was established in 1919 to provide term, permanent and endowment insurance up to ...
  10. No-Load Life Insurance

    No-load life insurance is a type of life insurance that charges much lower fees and expenses than conventionl life policies.
  11. Catastrophe Futures

    Catastrophe futures are futures contracts used by insurance companies to protect themselves against future catastrophe losses. ...
  12. Business Auto Coverage Form

    A business auto coverage form is provided to business owners when creating an insurance contract for a company's cars, trucks, ...
  13. Career-Ending Move

    A career-ending move is a huge mistake, bad decision or misdeed made by a worker that has big career consequences.
  14. Work Ticket

    A work ticket is a form that shows the time spent by an employee working on a particular job.
  15. Unemployment Income

    Unemployment income is an insurance benefit that is paid as a result of a taxpayer's inability to find gainful employment. ...
  16. S-Score

    An S-Score is a numerical value that shows how consumers and investors feel about a company, stock, ETF, sector or index ...
  17. Legacy Costs

    Legacy costs are ongoing costs arising from spending that does not increase revenue. Pension plans are a prime example of ...
  18. Joint

    Joint is a legal term describing a transaction or agreement where two or more parties act in unison.
  19. Assembly Service

    Assembly service refers to the combining a number of small shipments from multiple parties into a single shipment.
  20. Microfinance

    Microfinance is a banking service that is provided to unemployed and low-income individuals who have no other means of gaining ...
  21. Parasitic Advertising

    Parasitic advertising is a type of marketing that promotes one product at the cost of lost sales for another product.
  22. Discovery Cover

    Discovery cover is an insurance policy that indemnifies the policyholder for losses during the policy period, regardless ...
  23. Credentialing Liability

    Credentialing liability refers to the responsibility that a hospital or medical facility carries for the staff practicing ...
  24. Reinsurance Ticket

    A reinsurance ticket is a notification made by an insurer, disclosing the different reinsurance contracts and terms that ...
  25. Beach Plan

    A beach plan is property insurance for coastal property owners who have a high exposure to windstorm and hail losses.
  26. Modified Payoff

    A modified payoff is a partial insurance reimbursement that is paid to depositors of failed banks.
  27. Advisory Endorsement

    Advisory endorsements are adjustments to the provisions used to create an insurance policy.
  28. Self-Build Insurance

    Self-build insurance is an insurance policy that provides coverage during the construction of a new home, additional structure, ...
  29. Master-Servant Rule

    The master-servant rule is a legal guideline stating that employers are responsible for the actions of their employees.
  30. Priming Loan

    A priming loan is a form of debtor-in-possession (DIP) financing that allows a company that is in Chapter 11 bankrutpcy proceedings ...
  31. Leveraged Benefits

    Leveraged benefit programs allow small business owners to use their company’s assets to secure a loan that indirectly funds ...
  32. Buffer Layer

    The buffer layer is the difference between the primary limit of insurance and any excess layer of insurance.
  33. Involuntary Bankruptcy

    An involuntary bankruptcy is a legal proceeding where creditors request that a person or business holding debt go into bankruptcy. ...
  34. How Did Larry Page Get Rich?

    A look at how Larry Page became a billionaire by age 35. He's now worth $52.6 billion.
  35. Contents Rate

    The contents rate is the premium required to insure the contents of a property rather than the property itself.
  36. Discovery Bond

    A discovery bond is a type of fidelity bond used to protect a business from losses caused by employees committing acts of ...
  37. Unilateral Extended Reporting Period Provision

    A unilateral extended reporting period provision allows the insured to extend the coverage period if the insurer decides ...
  38. Clunker

    A clunker is a popular reference to the old vehicle traded in under the U.S. government's "cash-for-clunkers" program, rolled ...
  39. Automatic Additional Insured

    Automatic additional insured refers to insurance coverage that is automatically included in an insurance policy.
  40. Articles of Organization

    Articles of organization are part of a formal legal document used to establish a limited liability company (LLC) at the state ...
  41. Foaming The Runway

    Foaming the runway in a financial context is the practice of making a last-minute infusion of cash into a company to forestall ...
  42. Dialing and Smiling

    Dialing and smiling is a telemarketing technique in which unsolicited calls are made to prospective clients of a business ...
  43. Form 4070A: Employee's Daily Record of Tips

    Form 4070A: Employee's Daily Record of Tips is an IRS tax form used by employees to help monitor and track the tips they ...
  44. Rent-a-Crowd

    A rent-a-crowd is group of people rented to make a business, rally, protest or other public event appear busy.
  45. Small Corporate Offering Registration (SCOR)

    A Small Corporate Offering Registration (SCOR) is a simplified means for smaller companies to raise capital by issuing shares.
  46. Social Sentiment Indicator

    A social sentiment indicator analyzes aggregated social media data to help businesses understand how they are performing ...
  47. Goal Seeking

    Goal seeking is the process of calculating in reverse to find the right method when only the desired outcome is known.
  48. Pull-Through Production

    Pull-through production is a manufacturing strategy that releases an order when a company receives the order for that item. ...
  49. The Ultimate Working From Home Guide

    Read our complete guide to working from home to learn about the industries with the top types of flexible, remote jobs available ...
  50. Use and Occupancy Insurance – U&O

    Use and occupancy insurance is the obsolete name of business interruption insurance, which covers loss of business from a ...
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