1.   LIABILITIES- a companys legal debts or obligations that can be settled over time through economic benifits

2.   OVERHEAD EXPENSE- miscillaneous expenses such as tax and insurance, part of the total cost of staffing and maintaining a buisness.

3.   OWNERS EQUITY- difference between assets and liability

4.   PRODUCTION COST- what it cost to produce the items

5.   WORKING CAPITAL- a measure of the companys efficiency and short term financial health

6.   LOAN- give money or property, etc. for future payment in return

7.   LOSS LEADER- when a company sells a product that loses them money for the sake of offering  another product for greater profit

8.   SCARCITY- limited resources for peoples wants

9.   OPPORTUNITY COSTS- benifits you could have recieved by taking another course of action

10.  EXPLICIT COSTS- expense that is identified and accounted for, you can easily see cash outflow and profit

11.  IMPLICIT COSTS- cost not easily accounted for, excluding cash..hardwork, ect are examples

12.  PRICE- how much somethingg costs

13.  RELATIVE PRICE- the ratio of two prices

14.  INCENTIVES- encouragement to do something

15.  PROFIT- a gain in money

16. LOSS- loss of money

17.  EQUILIBRIUM- balance

18.   SURPLUS- having extra

19. SHORTAGE- not having enough

20.  MINIMUM WAGE- lowest price an employee can work for

21.  PRICE FLOOR- lowest price the government allows an item to be sold for

22.   BEAR MARKET- market condition in which the price of securities are falling

23.   BULL MARKET- market of a group in which the prices of securities is rising

24. BOOM- when sales increase very rapidly

25.  BILL OF EXCHANGE-  A non-interest-bearing written order used primarily in international trade that binds one party to pay a fixed sum of money to another party at a predetermined future date.

26.  BUDGET DEFICIT- amount of money spent over income

27.  CAPITAL- financial resources available for use

28.  SHORT SELL- selling of a stock you dont own in hopes of buying it for a lower price than you sold it for

29. SHORT COVER- buying the same number and type of securities that were short sold in order to make a profit