Canadian Financial, Real Estate and Mortgage Glossary

How often this word is used
50% - Moderately


Acronyms &
Filed Under: abbreviation, financial-banking, investments, legal-contracts
Tags: banking, classifieds, contract, investment, legal, property listing

Definition of business (busn)

business (busn)
1. An entity that engages in professional, industrial or commercial activities. Businesses can be either non-profit or for-profit.
2. Professional, industrial or commercial activities assumed by an entity or group.
3. Economic activities within a particular area or type.

Related Terms and Acronyms:

  • accounting period (AP)   The time period used in a set of accounting books or financial statements, often 12 months.
  • commercial mortgage   A mortgage for commercial property.
  • incorporated business   A company that exists as a corporation.
  • inventory   Stock on hand in the form of goods ready for sale. Also includes raw material in the process of being manufactured or completed for sale.
  • operating cash flow (OCF)   The money a company generates from its business operations. This revenue excludes costs from certain investments.
  • ordinary dividends   The distribution of a company's profits that are subject to full taxation.
  • preferred stock   A type of security that signifies part ownership in a corporation and is given preferential treatment over common stocks.
  • privately held company   A company that is not listed on a stock exchange.
  • publicly traded company   A company that is sold on a stock exchange.
  • sole proprietorship   A business owned by an individual where no legal distinction is made between the business and the owner.

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