Business ethics & late payers

Stakeholder

a person with an interest or concern in something, especially a business. People such employees, customers or citizens who are involved with an organisation and therefore have an interest in its success. interesariusz

Shareholder

an owner of shares in a company. akcjonariusz

fiduciary responsibility

an obligation that prevents one party from acting in their own interest rather than in the interest of the organization. For nonprofits, this ethical commitment makes it possible for them to fulfill their missions.

Benefits

things such as medical insurance that employees receive in addition to money.

Premise

idea or theory on which a statement or action is based.

Discharge a debt

pay a debt completely.

Better off

richer.

Strive for

try very hard to make something happen.

Fall short of

fail to reach a desired standard.

Knock on effects

indirect results of other events or situations

Bank charges

sums of money paid by a customer for a bank's service

Bookkeeping

system of buying debts for less than they are worth and then obtaining payment for them from the debtors

Cash

money which is immediately available

Credit limit

the maximum amount of money a bank will allow you to borrow

Credit worthiness

calculation of someone's ability to pay back money which they have borrowed.

Debtor

someone who owes money.

Factoring

amount which is less than the level that was expected or needed.

Outgoings

amounts of money that regularly have to be spent.

Overdraft

amount of money that a bank customer with an account is temporarily allowed to owe the bank.

Overtrading

operating a business while not having enough money to pay creditors and employees

Shortfall

amount which is less than the level that was expected or needed.

Constraints

things which limit your freedom of action.

Unauthorized

without official permission.

Undue

to a level which is more than is necessary or reasonable.

Punitive bank charges

charges which are used to punish someone.

Root cause

reasons for something bad