This document defines key business and financial terms including debt, endorse, manufacturer, marketing, mortgage, partnership, retailer, savings, sole proprietorship, and unemployment. Each term is defined in a concise one sentence definition to provide the essential meaning. The document serves as a reference for common business terminology.

1. From Madoo School

2. Debt
• Definition:
• It’s something, typically
money, that is owed or
due.
Endorse
• Definition:
• A sign (a check or bill of
exchange) on the back to
make it payable to
someone other than the
stated payee or to accept
responsibility for paying it.

3. Manufacturer
• Definition:
• A person or company that
makes goods for sale.
Marketing
• Definition:
• the action or business of
promoting and selling
products or services,
including market research
and advertising.

4. Mortgage
Definition:
• The charging of real (or
personal) property by a
debtor to a creditor as
security for a debt (esp.
one incurred by the
purchase of the property),
on the condition that it
shall be returned on
payment of the debt within
a certain period.
Partnership
• Definition:
• The state of being a
partner or partners in a
company or other things.

5. Retailer
• Definition:
• A business or person that
sells goods to the
consumer, as opposed to
a wholesaler or supplier
, who normally sell their
goods to another
business.
Savings
• Definition:
• The portion of disposable
income not spent on
consumptions of
consumer goods but
accumulated or invested
directly in capital
equipment or in paying off
a home mortgage, or
indirectly through
purchase of securities.

6. Sole
proprietorship
• Definition:
• A business or a company
that is owned by only one
person and is responsible
of all debts.
Unemployment
• Definition:
• A person who has no
occupation(Job) and is
searching for one.
“Ready for Work” written on suitcases.