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Today's Terms
Business Plan
Definition:
A business plan contains all the information about your business: name, location, number of employees, how the business is organized, management team, the business's purpose, products and/or services and how they will be rendered, target markets, equipment needs, and any other pertinent information.
Working capital
Definition:
Current assets minus current liabilities.
Debenture
Definition:
Debt instrument evidencing the holder's right to receive interest and principal installments from the named obligor. Applies to all forms of unsecured, long-term debt evidenced by a certificate of debt.
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