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Glossary of terms used on this site

There are 73 entries in this glossary.
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Term Definition
Retained earnings

Refers to the portion of net income from a period which is retained by a business, rather than distributed to its owners.

Risk management

Businesses face a variety of risks including strategic (eg competitor entering market), compliance (eg legislative, regulations), financial (eg debtors, interest rate rises), operational (eg. equipment failure). Risk though is a personal consideration as some people are prepared to risk more than others.

Aliases: Managing Risk
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Sean says

We are in business with my parents and brother. Some land had been transferred to my brother and I and we asked Jim to prepare a immediate exit strategy in case one of us had or wanted to withdraw. We sought bank finance to improve the land. Jim was able to do that plus discover a error in how the land was transferred that the bank had missed. Since then my brother has left the state and he is being paid out exactly as we set up; no argument.