Popular Business Terms and Definitions from the glossary..

• Personal Finance - Personal Finance refers to financial planning relative to the individual. In general, the term relates to analyzing an individual's current financial status, budgeting, and planning for the future.
• Deadline - A Deadline is a specific date or due date by a which time a project must be completed or debt paid. The term also refers to a time limit or specific length of time by the end of which the project or debt must be finished. Failure to meet a deadline usually results in negative consequences.
• Self Help - Self Help, otherwise known as Self Improvement, refers to the acts of an individual to improve himself or herself without assistance from anyone else. The term refers to any measure used to improve mental, physical, financial or spiritual conditions alone or by means of books or other reference materials.
• Philanthropy - Usually refers to the act of generosity associated with giving money, time, or effort to a charitable cause or institution under the intention of improving the well-being of humanity.
• Social Responsibility - The Term Social Responsibility refers to the idea that companies and corporations should contribute wealth or resources solely dedicated to the improvement of society as a whole. The principal of social responsibility dictates that these entities should contribute at least a small amount of resources to the general well being of humanity.
• Global Warming - Is the increase in the Earth's overall average temperature over recent decades and its projected increase in coming years. In recent years, this term has been used to describe the effect of human activities on the Earth's atmosphere.
• Billionaire - Refers to an individual whose net wealth equals or exceeds one billion dollars or pounds. If the individual has wealth in a currency other than dollars or pounds, the value of wealth is assessed according to general exchange rates.
• Millionaire - Is an individual whose net worth is equivalent to or greater than one million dollars or one million British pounds. Individuals who quantify their worth in other currencies qualify as millionaires based on the exchange rate and their estimated value in dollars or pounds.
• Black Monday 1987 - Is the Monday on October 19, 1987 when the Dow Jones Industrial Average lost 22.6% and similar stock markets around the world dropped enormous percentages.
• Bear Market - Is a declining stock market, in which consumer confidence and financial expectations are on a decline and the market continues to lose value.
• Bull Market - Refers to the state of a market, usually a stock market, or trading group (bonds, commodities, etc.) where financial confidence and expectations are high and the market itself is rising in value.
• Mortgage Loans - Is a loan used to purchase property, often referred to as a mortgage or a home loan.
• Low Doc Loans - Are mortgages that require much less documentation or proof of income than a regular mortgage. Low doc loans in Australia are similar in nature to Subprime loans in the United States.
• Subprime Lending - Is a type of lending commonly used in the United States of America by borrowers that would not usually qualify for a regular loan.
• Subprime Crisis - Is a 2007 financial crisis that started in the United States of America from the high number of defaulting borrowers with subprime mortgages.
• Wall Street Crash 1929 - Refers to the dates in late October of 1929 during which the American stock market crashed, causing widespread panic through the population and ultimately solidifying the beginning of The Great Depression.