Monday, December 22, 2008

First List of Terms

Well, let's begin.

First up, the term itself - Economics. It's derived from the Ancient Greek term oikonomia, which means the 'management of a household, administration' or in short, the rules of the household'.

I think by natural progression the next term to spring to mind would be Finance - it refers to the fields of time, money and risk along with how they are related.

Funding, or financing, means to provide capital - for short or long term purposes.

Capital refers to financial wealth, or the amount of wealth that a person controls or is capable of controlling. It can also be referred to as cash flow.

A credit rating assesses the credit worthiness of an individual, corporation, or even a country. Credit ratings are calculated from financial history and current assets and liabilities.

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