Glossary
From KNEXT
Revision as of 17:19, 14 September 2021 by Jahmiel (talk | contribs) (→T: Entered section "A" into the glossary. Contacted the Director of Business Development, Steve Strain, for Entrepreneur Press to receive copyright permission to use their glossary from, "Start Your Own Business - 7th Edition" (2018), as part of the glossary for the wiki. Mr. Strain stated the 7th edition has been declared out of print and is no longer available for purchase.)
The following is a simple glossary of key terms used throughout KNEXT or often business terms.
If you encounter a term not defined, you can stub the term by adding it to the list.
0–9
Test - This is a test to see how content would be created for this page. I've included a hyperlink to the WCD Microsite located here to test how it works.
A
- ABC Method - method of inventory control that divides items into A, B, and C groups based on their importance to the business; most attention is then devoted to the A, or essential, items
- Absolute Net Lease - A lease in which the tenant agrees to a pay a basic rent and be responsible and separately pay for all maintenance, operating, and other expenses of the building or office
- ACA (Affordable Care Act, also know as Obamacare) - a 2010 law that expanded Medicaid eligibility, established health insurance exchanges, and prohibited health insurers from denying coverage due to pre-existing conditions
- Accounts Payable - A company liability that represents amounts due for goods or services purchased on credit.
- Accounts Receivable - Money due to a business from clients and customers; outstanding invoices
- Accrual Method - Method of accounting in which income and expenses are recorded as they occur regardless of whether or not cash has actually changed hands
- Accrued Expenses - Expenses that have been accounted for on the income statement but that have not yet been paid
- Affiliate - A company that sells another company's products or services on its site for a commission
- Alternative Dispute Resolution (ADR) - A way of resolving disputes without resorting to litigation
- Amenities - Any material goods, services, or intangible items that increase the comfort, attractiveness, desirability, and value of an office suite or building
- Americans with Disabilities Act (ADA) - law passed in the 1990 that prohibits employers with 15 or more employees from refusing to hire people with disabilities if making "reasonable accommodations" would be enable the person to perform the job
- Angel Investor - A private individual who invests money in a business
- Assemblage - the combining of two or more contiguous properties into one large property; an assemblage will often make the one large property more valuable than the separate parts
- Assessment - The determination or setting of a tax or other charge based on a building estimated value
- Asset - Tangible or intangible object of value to its owner
- Asset Acquisition - A method of buying a business in which the buyer purchases only those assets of the business he or she wants
- Asset Remarketers, Asset Remarketing Companies - Firms that work with equipment leasing companies to resell repossessed office through a network of dealers and wholesalers as well as directly to business owners
- Attornment - A lease provision that the tenant agrees, in advance, to accept and pay rent or other required payments to a new landlord or legal owner
B
- Business Plan - A set of materials which outlines the goals of a business and the how it will go about achieving those goals. This would usually include operations, market, financing and other areas.
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
- Stub - a start to some page or definition, but incomplete and needs work to be of use to others other than to know the question, resource, or term exists.
