In such a situation, commercial loan from banks and financial institutions can act as a saviour for companies and help them fund their operations successfully. Glossary of Business Terms and Definitions A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z Abandonment: Abandonment is defined as the voluntary surrender of property which may either be owned or leased, without naming a successor as owner or tenant. One of the most important cosigner responsibilities is to make sure about the background and financial paying capability of the person who is looking forward to take a loan... Another big advantage is that collateral is not needed by the lenders for these loans. This causes payments to go up or down accordingly. Rate anticipation swaps: Rate anticipation swap refers to the sale of one bond combined with the purchase of another bond of different maturity in order to take maximum advantage of expected changes in interest rates. Adaptive firm: An adaptive firm or business organization is one that is able to respond to and address changes in the market, the business environment and the specific industry, in order to better position themselves for long term survival and increased profitability.

It does not have to be where the organization conducts its business and it is not unusual for accountants or agents to provide registered office services. Commercial banks: A financial intermediary, a commercial bank provides checking accounts, savings accounts, and money market accounts and accepts time controlled deposits. The borrower shall, on or before the 10th day of every month, pay the lender an instalment of $1000 along with an interest of 10% per annum which shall amount to $100 ever month. Forward contract: A transaction which takes place in a cash market where the seller agrees to provide a cash commodity to a buyer, at a future date. Promise to Pay: Within _____ months from today, Borrower promises to pay to Lender______________ dollars $_______ and interest and other charges as stated below. 4.

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