Vocabulary

Find words which mean the following:

1. having a responsibility or an obligation to do something, e.g. to pay a debt

2. a person or organization to whom money is owed ( for goods or services rendered, or as repayment of a loan)

3. to be insolvent: unable to pay debts

4. everything of value owned by a business that can be used to produce goods, pay liabilities, and so on

5. to sell all the possessions of a bankrupt business

6. money that a company will have to pay to someone else ( bills, taxes, debts, interest and mortgage payments, etc. )

7. to provide money for a company or other project

8. money invested in a possibly risky new business

9. the people who begin a new company

10. the place in which a company does business: an office, shop, workshop, factory, warehouse, and so on

11. to guarantee to buy an entire new share issue, if no one else wants it

12. a proportion of the annual profits of a limited company, paid to shareholders