Assignment 6. Match the words with their definitions.

Date: 2015-10-07; view: 495.

transfer, sue, capital stock, entity, advance, profit sharing,

endeavour, interest, single proprietorship, partnership

1) A payment of part of a sum due before receipt of the goods; to pay money before it is due.

2) The price paid for the use of money such as by a borrower to a lender of money; the money earned by a lender as a reward for allowing the borrower to use his money and for waiting for the repayment of the loan.

3) The entire shares of a joint-stock corporation (company), the holders of which together form the ownership of the concern.

4) Association of two or more persons carrying on business together for the purpose of making a profit.

5) The passing of a right of ownership from one person or organization to another, by an intentional act by a transferor as a sale or gift, or as a result of operation of law, such as bankruptcy or intestacy.

6) An arrangement between the owners of a business and its employees by which an agreed share of the profit is paid to each employee over and above his wages or salary.

7) The one and the only owner of a business. He provides all the capital, bears all the risk, and in return receives all the profits. Such a concern is called a one-man business, although the proprietor may employ a number of people.

8) An attempt to do a particular thing, especially something new or original.

9) A complete, separate thing that is not divided and that is not part of anything else.

10) You start a legal case against someone, usually to claim money from them because they have harmed you in some way.