Assets: an item of property owned by a person or company, regarded as having value and available
to cover debts.
Debts: money that is owed or due
Liable: responsible by law; legally answerable
A legal entity: an individual, company, or organization that has legal rights and obligations.
Bankrupt: declared in law as unable to pay their debts
Share capital: the money a company raise by issuing shares or stocks
Shareholders: an owner of shares in a company.
Dissolve: close down a company and stop all business
Stock exchange: a market in which securities are bought and sold.
Start-up capital: what entrepreneurs use to pay for any or all of the required expenses involved in
creating a new business.
A listed company: a company that is included and on a given stock exchange so that its stock can
be traded.
Limited liability: a corporate loss will not exceed the amount invested