→ The Language Of Business Law 7A/Foundation → Start Learning / Download MP3 Flashcards

Question		Answer
to run a business start learning		to have control of a business and decide how you manage it
a self-assessment form start learning		a form that you complete the send to the tax authority. You give all of your financial details and calculate the amount of tax that you must pay. You do this yourself
to run up a debt start learning		to create a debt because you borrowed money or bought something on credit
risky start learning		a word to describe an activity or action that is dangerous or that may fail
records and accounts start learning		written details of all your business activities, especially the financial details of the income and outgoing of the business
at risk start learning		this means to be in a situation where something unpleasant may happen
to run into trouble start learning		to experience difficulties (often financial) that you did not expect
income tax start learning		the amount of your income that you have to pay to the government in tax
spółka jawna start learning		general partnership
spółka komandytowa start learning		limited partnership
spółka limitowo-akcyjna start learning		limited stock partnership
an equity partner start learning		a partner who receives a share of the partnership profits and has the right to take part in the management of the partnership
a salaried partner start learning		a partner who receives a fixed amount of money each year, called a salary, paid in monthly installments. This partner does not receive any more of the profits
a sleeping partner start learning		a partner who contributes capital to the partnership but does not take part in the management of the business. He or she receives a share of the partnership profits. This partner is also known as a dormant partner or a silent partner
to incorporate a business means start learning		to set up the business and register it as a company
the founders of a company are start learning		the people who create the company
the members are start learning		the people or companies which own shares in the company
the shareholders are start learning		the same as the members. They are the owners of the company
a share is start learning		one of the equal parts of the company's capital
to hold a share means start learning		to own a share
share capital refers to start learning		the fixed value of each share
the nominal value of a share is start learning		the value of shares that the shareholders own
to issue a share to someone means start learning		to officially give that share to someone so that he or she becomes the owner of that share
to invest money in a company means start learning		to put money into a company by buying shares in the company
a return on an investment is start learning		the money that someone receives from their investment
a dividend is start learning		a payment of the company's profits to its shareholders
market value start learning		this is the amount of money that someone must pay to the company when he or she buys a share
nominal value start learning		this is the value that the people who set up the company decided to fix for all of the shares of the company. It is easier to understand if you think of it as the official value, not the actual value
premium this is the amount of money that someone pays in excess of the nominal value start learning		the difference between the market value and the nominal value
authorised share capital start learning		this is the maximum total value of shares, expressed in nominal terms, that the company is allowed to issue
issued share capital start learning		this is the value of shares, expressed in nominal terms, that the company has actually issued to its shareholders

The Language of Business Law 7A/Foundation

You must sign in to write a comment

More