Youth Vocabulary 1 - Glossary of Business Terms

Sep 28, 2026

Uploaded by Hazel

Youth vocabulary glossary compiling practical definitions for business, finance, and entrepreneurship concepts. Terms cover core operations such as business, business plan, marketing, customer and customer service, and customer-facing communication like elevator speech. Financial and planning items include balance, budget, budget versus actual, revenue, profit, expenses, saving, interest and interest rate, loan, risk, and measurable goals. It also introduces civic and ethical actions such as donation, philanthropy, and paying it forward, plus safety and sanitation-related terms.

LanguageEnglish

CategoryExam

FormatPDF

Pages1

Reading Time3 min

AccessFree to download

Glossary of Terms

Business and Finance Terms

Community and Conduct Terms

Glossary of Terms: Advertising everything that you do to tell customers about your business or product | Accounting | a way to keep up with your financial information using assets, which are things that you already have and liabilities, which are things that you still owe | | --- | --- | | Balance | the amount of money the bank is holding for you | | Banker | a person who serves as an officer of a bank | | Brand | the way customers see a company or service. A brand is shaped over time by Images such as a logo, by messaging, such as taglines, and through people’s experiences with the business itself. | | Budget versus Actual | comparing the amount of budgeted expenses to the actual amount of money you spent | | Budget | a list of all planned expenses and revenue | | Business Partner | a person who helps you to take care of the physical needs of the business | | Business Plan | a detailed plan of how a business is operated to reach its goals | | Business | the selling of goods or services for the sake of earning a profit | | Checklist | a list of Items used to make sure you have everything you need for your stand | | Comparison shopping | to shop for bargains by comparing the prices of competing brands or stores | | Coupon | a certificate that gives you a discount at a business. Coupons help you get your supplies on sale | | Customer Service | how businesses interact with their customers and take care of their needs | | Customer | someone who buys goods or services from a business | | Donation | money or goods given to an institution or individual that improves their condition | | Elevator Speech | your prepared speech given to potential investors or partners that quickly describes your business | | Entrepreneur | a person who starts a business assuming the risk for the purpose of making a profit | | Expenses | all costs related to your business | | Goal | the specific task or target a person aims to achieve | | Health Department | an organization that provides health services as an education to protect the general public | | Interest Rate | a percentage of the amount of money borrowed that must be returned in addition to the borrowed money | | Interest | a charge for borrowed money; generally a percentage of the money of the amount borrowed | | Investor | a person who lends money in order to earn a financial return | | Loan | a thing that is borrowed, especially a sum of money that is expected to be paid back with interest | | Marketing | the activities that are involved in making people aware of a company’s products | | Measurable | when you can quantify or count something to show results | | Paying it forward | to use some of your profit to help another entrepreneur | | Permission | to ask someone if it’s okay to do something | | Philanthropy | the practice of giving money and time to help make life better for other people | | Pre-sell | when you get someone to commit to buying something from you before you make it | | Professionalism | operating your business with competence and skill | | Profit | the money gained from the sale or sales after expenses are paid | | Reflection | thinking back over your experience about what you learned, wha t you did right, and what you can do better next time | | Revenue | all money that comes into your business | | Risk | the possibility that loss will happen | | Safety | freedom from danger or risk of injury | | Salesmanship | creating interest in your Idea or product to make people want to buy it | | Sanitation | when you take practical steps to keep your product safe so that your customers stay well | | Saving | an amount of money that is not spent but is set aside for future use | Sharing dividing something into parts and each section uses a part 39 ©P4L d. b.a Lemonade Day 2017 All Rights Reserved

FAQs

What does the glossary cover?

It provides short definitions for business, finance, and entrepreneurship vocabulary, including customer, marketing, budgets, revenue, profit, and risk-related terms.

How are “Budget” and “Budget versus Actual” different?

“Budget” is a list of planned expenses and revenue, while “Budget versus Actual” compares planned expenses with the money actually spent.

What does “Paying it forward” mean in this glossary?

It means using some of your profit to help another entrepreneur.

Sep 28, 2026

Uploaded by Hazel