Entrepreneur Vocabulary Part 1

Entrepreneur Vocabulary Part 1

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  • Board Meeting
  • Board Resolution
  • Should we change our rules or not?
  • Lets vote on it.
  • Bond
  • I need it for a crime so that I can pay the rest of the payment.
  • What do you need a bond for?
  • a formal meeting of a company's board of directors, typically scheduled periodically at a frequency ranging from quarterly to monthly.
  •  a formal, written decision of a company’s board of directors. A company’s bylaws will stipulate the types of major corporate decisions that require a board resolution, which typically calls for a formal board vote and majority approval to be enacted. 
  • a formal debt certificates that include a promise to pay interest (in cash or accrued interest) at a specified annual interest rate and a promise to repay the principal amount, or face value, at a specific maturity date.
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