ADONDE ORIGINALS
Emprendedores con Luis von Ahn
EPISODE 4
Title Will Go Here
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Definition of Business Terms
ACCOUNTING PERIOD
The time for which profits are being calculated, normally months, quarters or years.
ACCOUNTS
Businesses are obligated to produce an annual set of accounts. If they are listed on the stock exchange, they must also show half-year profits (information regarding profits six months into the financial year).
ACCOUNTS PAYABLE
Amounts of money owed by your company to external suppliers.
ACCOUNTS RECEIVABLE
Money owed to your company by customers.
ACQUISITION
The purchase of one company or resources by another.
ACTUARY
An actuary is a person employed by pension providers and insurance companies. Their role is to calculate accident rates, life expectancy and the relevant payouts.
ADMINISTRATION
There are two meanings relating to this word in business.
(1) The organisation and running of a business.
(2) A business going into administration, meaning that a business has gone bankrupt and its creditors can get in touch to try and claim any money they are owed.
AFFILIATE MARKETING
A retailer or service provider advertising its goods or services via a third party in return for a commission on any sales.
ANNUAL EQUIVALENT RATE (AER)
A quote of what interest paid on savings and investments would be. It is calculated by adding each interest payment to the original deposit, then working out the next interest payment, compounding the interest.
ACCOUNTING PERIOD
The time for which profits are being calculated, normally months, quarters or years.
ACCOUNTS
Businesses are obligated to produce an annual set of accounts. If they are listed on the stock exchange, they must also show half-year profits (information regarding profits six months into the financial year).
ACCOUNTS PAYABLE
Amounts of money owed by your company to external suppliers.
ACCOUNTS RECEIVABLE
Money owed to your company by customers.
ACQUISITION
The purchase of one company or resources by another.
ACTUARY
An actuary is a person employed by pension providers and insurance companies. Their role is to calculate accident rates, life expectancy and the relevant payouts.
ADMINISTRATION
There are two meanings relating to this word in business.
(1) The organisation and running of a business.
(2) A business going into administration, meaning that a business has gone bankrupt and its creditors can get in touch to try and claim any money they are owed.
AFFILIATE MARKETING
A retailer or service provider advertising its goods or services via a third party in return for a commission on any sales.
ANNUAL EQUIVALENT RATE (AER)
A quote of what interest paid on savings and investments would be. It is calculated by adding each interest payment to the original deposit, then working out the next interest payment, compounding the interest.
Production Team
Meet the multilingual producers, editors, sound designers and more who work with us to bring our podcasts to life.

Martina Castro
Founder & CEO
Los Angeles, USA

Gonzalo Castro
Head of Operations & Strategy
Los Angeles, USA

Mariano Pagella
Senior Producer
Buenos Aires, Argentina

Catalina May
Senior Editor
Santiago, Chile



