Definition:A legal form of business operation between two or more individuals
who share management and profits. The federal government recognizes
several types of partnerships. The two most common are general and
Definition:A form of protection that provides a person or legal entity with
exclusive rights for making, using or selling a concept or
invention and excludes others from doing the same for the duration
of the patent
Definition:Iinformation that comes directly from the source--that is,
potential customers. You can compile this information yourself or
hire someone else to gather it for you via surveys, focus groups
and other methods.
Definition:Insurance that protects the physical property and equipment of a
business against loss from theft, fire or other perils; all-risk
coverage covers against all risks; named-peril coverage covers only
against specific perils named in the policy.
No matter what business topic you're interested in, you'll find our category list is an easy way to navigate our small-business encyclopedia. From Accounting and Advertising to Location and Operations, every topic offers information on the terms that matter most. And if you can't find what you need here, our "Terms A - Z" list makes tracking down terms a snap.