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Glossary of Business and Financial Terms

GLOSSARY J


A document or part of specification setting out tasks associated with a specific workplace function.

A term associated with loans and mortgages in which one or more parties are liable for the repayment of the debt and each person can be persued for the entire debt or any portion of the debt, not just his/her prorated portion.

Ownership of the property in which all the owners have the same size of interest and whereby on the death of one, the surviving others acquire the whole interest in the property.

A business project undertaken by a group of investors in which the parties share in the business project including any profits or losses.

A daily record of business transactions in debit and credit form; a "book" of original entry.

The procedure of analyzing and recording business transactions in a record called journal.

The authority of a person or organization to act within defined limitations of that authority.


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Did You Know?

The key to having success with selling online is to get your customers to order directly on the Internet. This way, the order can be sent immediately, while the customer is anxious to buy.
Online orders can be taken seven days a week, 24 hours a day, without any human intervention.
Keep in mind that if you want to do business on the web, you'll have to attract customers just as you do for a physical storefront.

"A goal is a dream with a deadline." ~ Napoleon Hill

Digitize Your Collection

Don't let your old pictures, videos and music collections become obsolete and unusable. Digitize them because they will not last forever, especially if you have VHS cassettes, older film formats, vinyl music collections and precious old pictures. If you don't want to spend time on that, consider using services that will convert for you. Once they are converted you can upload them to your computer or take advantage of free or paid online cloud storage.



Promote locally
to build long term loyalty
Add personal touch
to build trust and connection
Combine the best tools
use online and offline marketing

Did You Know?

It doesn't take a fortune to sell your products and services on the Internet. It just takes some knowledge of what your customers want and how to find a way to present your sales solution to them.

For business people either selling products or promoting their services on the Internet, the importance of attractive, fast, usable sites can't be overstressed. Much like a counter person or storefront, the appearance and function of a business' website conveys an image of the company to the customer.

Your website is your image on the Internet. That image can either be good or bad, and bad images don't sell. Adhering to a few common sense web design rules can help with the public's perception of your company and increase your sales. Find out more...