Instructions: Identify the Following Terms

question 6

Short Answer

Instructions: Identify the following terms:
Sputnik

---

Definitions:

Secured Transactions

Secured transactions involve agreements where a borrower pledges collateral to secure a loan, giving the lender rights to the collateral in case of default.

Credit Notes

A document issued by a seller to a buyer, reducing the amount owed by the buyer under previous invoices due to returned goods or services not rendered.

Nonprofit Corporations

Organizations that operate for charitable, educational, scientific, or public safety purposes without the intention of making profits for owners or shareholders.

Shareholders

Shareholders are individuals or entities that own one or more shares of stock in a corporation, giving them a claim on part of the corporation's assets and earnings.