Write the definitions for the following words? 1.invoice 2.mortgege 3.negotiate 4.annuity 5.trademark
Answers
Answer:
1. Invoice:
An invoice is a time-stamped commercial document that itemizes and records a transaction between a buyer and a seller. If goods or services were purchased on credit, the invoice usually specifies the terms of the deal and provides information on the available methods of payment.
2.Mortgage:
A mortgage is a loan – provided by a mortgage lender or a bank. ... While it's possible to take out loans to cover the entire cost of a home, it's more common to secure a loan for about 80% of the home's value. The loan must be paid back over time. The home purchased acts as collateral.
3. negotiate :
A negotiation is a strategic discussion that resolves an issue in a way that both parties find acceptable. ... By negotiating, all involved parties try to avoid arguing but agree to reach some form of compromise. Negotiations involve some give and take, which means one party will always come out on top of the negotiation.
4.annuity:
An annuity is a series of payments made at equal intervals. Examples of annuities are regular deposits to a savings account, monthly home mortgage payments, monthly insurance payments and pension payments. Annuities can be classified by the frequency of payment dates
5.Trademark:
trademark refers to a recognizable insignia, phrase, word, or symbol that denotes a specific product and legally differentiates it from all other products of its kind. A trademark exclusively identifies a product as belonging to a specific company and recognizes the company's ownership of the brand.