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HvA Accountancy woordjes jaar 1
› 12 Unit 12: Organizations 2
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HvA Accountancy woordjes jaar 1
12 Unit 12: Organizations 2
Jaar 1 (hbo)
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freelance =self-employed a freelancer= self-employed person, sole trader a sole trader (BrE)= sole owner a sole owner / proprietor =sole trader self-employed =freelance a partnership =organization of two members as the sole shareholders partners =the owners of a partnership company limited company (Ltd) = company consisting of shareholders with limited liability limited liability = when personal property mustn’t be used to pay off debts to go bankrupt= to run out of money assets =total resources of a business (cash, inventories, real estate, goodwill, securities, machinery) limited liability partnership (LLP)= organization owned by two sole shareholders; the company’s debts cannot be paid off by personal property public limited company (PLC) =company whose shares can be bought or sold by anyone Incorporated (Inc) =referring to US companies with limited liability a corporation = a company with limited liability (US) life insurance company = mutual owned by members who bought an insurance a mutuals = a corporation or trust investing funds obtained by shareholders a member = person belonging to a group a building society= a type of bank/mutual that lends money to house buyers to demutualize =when mutuals become public limited companies with shareholders demutualization =when mutuals become public limited companies with shareholders a non-profit organization (BrE) / not-for-profit organization (AmE) = organizations with social aims, charities charities =non-profit organizations with social aims voluntary sector= charities run by volunteers a volunteer = an unpaid worker fundraising = getting people to donate money to donate =offer money/food/ clothes etc. as a gift a donation =a (financial) gift
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