Common Words with Special Meanings

ppruel By ppruel, 22nd Dec 2011 | Follow this author | RSS Feed | Short URL http://nut.bz/383.nu2j/
Posted in Wikinut>Guides>Languages

I can say that it is not bad to familiarize for the following terms or words. They are just common terms that mostly of us usually ignored them but I found them interesting.

Most ignored terms

They are just common words but with special meanings such as:

  • Income Tax – a tax levied on incomes, especially an annual government tax on personal incomes.

  • Wealth – the condition where your financial resources can support your lifestyle throughout your lifetime even if you do not work to generate income.

  • Unique Genius – the activity you truly enjoy, loved and excel.

  • Stockbroker – an individual who acts as an agent for the trade of securities for buyers and sellers.

  • Statement of Assets and Liabilities – a listing of all your assets and liabilities to get your network.

  • Personal Income and Expenses Statement – a listing of all your income and expenses to get your net income.

  • Passive Income – investment income you earn from your assets or investments even when you do not work.

  • Passive Entrepreneur – one who makes his money work to make more money.

  • Liabilities – all the amounts owed by an institution, a company, a corporation or an individual to others.

  • Investment Portfolio – holdings in the form of financial assets such as stocks, bonds, other securities, real estate and etc.

  • Interest – money received from your lending investments when you lend someone your principal money or capital. Interest is the payment for the use of your money.

  • Inflation – the economic condition of sustained price increases.

  • Retirement Stage – this is when you no longer make any active income because your passive income, or income from your savings and investments, is more than enough to support your living expenses given your chosen lifestyle.

  • Fine-Tuning Stage – when your savings and investments are already providing a good portion of your income. At this stage your concern is the distribution of your financial assets in such a way as to address your needs when you reach retirement.

  • Build-up Stage – this is when you now have some income from your savings and investments, which contribute at least about 20% of your total income.

  • Start-up Stage – this is when your only source of income is your salary, the fees you charge or the earnings provided by your active work spending time and talent.

  • Credit Card – an automatic card – you can get the goods you bought without paying it yet but if becomes a loan when the credit becomes due and you do not pay for it.

  • Compound Interest – interest paid on both the original sum of money borrowed or invested and on the interest added to it.

  • Collateral – security to support a loan. Something of financial value such as cash, stocks, real estate, etc. used to secure a loan.

  • Capital Gains or Earnings – money received from your ownership investments.

  • Asset Allocation – the distribution of one’s assets among various types of investment classes.

  • Assets – all the things of value owned by an institution, a company, a corporation or an individual.

  • Active Income – income that comes directly as a result of your own hard work, your skill, talent and time. This is to be spent only for your needs, not for your wants.

  • Active Entrepreneurs – those who earn income through employment, the practice of profession or through their own business.
  • I am nailed with Liabilities

    From the time I got married, from the time we were blessed with three loving and lovely children - from the time I went abroad and still on abroad for about 17 years on - the color of my hairs have already changed to white gold, my strength already deteriorated - sometimes I feel joint-pains because of old age - I am already in my 50s but yet, still, I am nailed with liabilities - this is the common term I really familiarized!

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    Business Language, Business Terms, Common Words, Ppruel, Terms, Vocabulary, What Are, What Is, Wikinut, Words

    Meet the author

    author avatar ppruel
    My favorite Saying: "Dream Big and don't stop without giving it a chance to come true."

    I have no specific areas where my writing will focus on. I am Pinoy...

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    Comments

    author avatar ppruel
    22nd Dec 2011 (#)

    This is my 199th article published. I have still one to hit my 2011 goal to publish at least 200 articles before the end of 2011. For those who have visited and commented my article pages - from the bottom of my heart thank you so much. But don't worry I am not forgetting you - I would visit your pages too once I completed my target - Merry Christmas. God bless us all! Enjoy the holidays...

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    author avatar Clarence Schreiber
    22nd Dec 2011 (#)

    I have enjoy reading this article with words with meaning. Thank you for sharing. And I hope that your 200th page is a star page.

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    author avatar ppruel
    25th Dec 2011 (#)

    Thanks for the wish my friend but I did not pass for the star. hehehe. Merry Christmas Clarence.

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    author avatar Jules, The Cowboy
    22nd Dec 2011 (#)

    you look young Kabz at 50....

    looking forward to your year-end article....maybe you can write about all your articles like a summary including figures (no. of views)....hehehehe.....with all the links to each article...good luck....whatever is in your mind

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    author avatar ppruel
    25th Dec 2011 (#)

    I have already posted it kabayan. Thanks. Merry Christmas.

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    author avatar Sheila Newton
    23rd Dec 2011 (#)

    lots of luck for your 200th article. My goodness, that's a lot of articles in just one year. Well done. You're PROLIFIC!

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    author avatar ppruel
    25th Dec 2011 (#)

    Thanks again MS. Sheila. Much appreciated. Merry Christmas.

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    author avatar Buzz
    23rd Dec 2011 (#)

    Wish you the best of luck, my friend, Macho Guapito!

    Merry Christmas to you!

    Reply to this comment

    author avatar ppruel
    25th Dec 2011 (#)

    Salamat uli dude. Merry Christmas din.

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    author avatar Delicia Powers
    28th Dec 2011 (#)

    Cool:0)

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