A charity is an organization created by an individual or group of individuals to provide support for a philanthropic cause. Charities can exist to support people (like the homeless), things (like the environment), and ideas (like democracy).
Archive for the ‘Daily Definition’ Category
A Charity is…
Wednesday, June 10th, 2009Demand is…
Wednesday, June 10th, 2009Demand refers to how much of an item or service people are willing to buy for any given price. Basically, the demand for any particular thing is a measure of how much people want it.
Venture Capital is…
Wednesday, June 10th, 2009Venture capital is funding given to small businesses and startup companies, usually in exchange for a stake in the company. The people who offer it – venture capitalists – only do so if they believe the company will be a great success: they trade monetary aid now for a part of your profits later.
Fixed Income is…
Tuesday, June 9th, 2009Fixed income refers to any investment or instrument that pays a regular (fixed) return over a specific period of time.
A Challenge Grant is…
Tuesday, June 9th, 2009A challenge grant is funding promised to an organization on the condition that it succeeds in raising a specified amount of additional money.
Credit History is…
Tuesday, June 9th, 2009Credit history (also known as a credit report) is a detailed record of someone’s previous borrowing and the repayment of that debt. It basically just shows how likely or able you are to pay back a new loan or credit card.
Macroeconomics is…
Tuesday, June 9th, 2009Macroeconomics is the study of overall trends in the economy: unemployment, interest rates, price levels, and growth rates.
Overdraft is…
Tuesday, June 9th, 2009Overdraft is the amount of money withdrawn from a bank account that is greater than the amount deposited. So if you deposit $4,500, but you withdraw $5,000, you have an overdraft of $500.
Inflation is…
Tuesday, June 9th, 2009Inflation is a rise in general price levels that causes the value of your money to decrease. In other words, if you can buy a bag of groceries for $25, inflation is when that same bag now costs $35.
A Merger is…
Friday, June 5th, 2009A merger is the combining of two or more companies to become one. It’s basically when one company marries another company and decides to move in. They take the same name and put their money in a joint account (aka combine balance sheets).