Enterprise

• • Commercial bank: a commercial bank institution that receives deposits and provides loans and other forms of financial support, it is usually owned by its shareholders
• Debit card: a payment card linked directly to your current account, allowing you to make purchases without carrying cash.
• Financial services: services provided by banks, building societies, insurance companies, investment firms, stockbrokers, etc., including banking, lending, investing, insuring, and managing investments on behalf of clients
• Credit card: a plastic card issued by banks or credit companies which allows the holder to borrow money from them at interest rates ranging from around 10% to over 25%. The debt can be repaid monthly or carried forward into future months.
• Investment firm: an organization or individual who provides advice about buying and selling shares and bonds, manages money for investors, and buys and sells securities on their own account
• Mortgage: a loan secured against property (land or buildings) used as security for repaying the debt
• • Start-up: The period of an enterprise when it is first set up.
• Market research: Research conducted to gather information about customers' needs and preferences, competitors, trends, and other factors relevant to starting and running a successful business.
• Sole trader: An unincorporated business owned and run by one person. It has no separate legal existence from its owner(s).
• Partnership: A form of business ownership where two or more people share responsibility for managing a business. Partners contribute capital and resources to start and grow the business.
• Corporation: A legal entity created under state law with limited liability protection for its owners. Corporations have a separate legal identity from their owners and may continue operating even if the owners leave or die.
• Limited Liability Company (LLC): A hybrid type of legal structure that provides the limited liability features of a corporation and the tax efficiencies and operational flexibility of a partnership.
• Franchise: A license granted by a company to another party allowing them to use the company’s name, products, services, marketing methods, etc., in exchange for fees and royalties.
• Unlimited company: A type of company that does not have any limits on the amount of money it can borrow or invest.
• Cooperative: A group of individuals who pool their resources to achieve common goals. Cooperatives can take many forms, including worker cooperatives, consumer cooperatives, and producer cooperatives.
• Public Limited Company (PLC): A public limited company is a large, publicly traded company whose shares can be bought and sold on stock exchanges.
• Private limited company: A type of limited company that cannot offer shares to the general public but can raise funds through investors who become shareholders.
• Nonprofit organization: An organization that operates for charitable purposes rather than making profits for its members or owners. Nonprofits must meet certain requirements to maintain tax-exempt status.