Definition:A guarantee of performance required, either by law or consumer
demand, for many businesses, most typically general contractors,
temporary personnel agencies, janitorial companies and businesses
with government contracts
Definition:Protection against loss for which you pay a certain sum
periodically in exchange for a guarantee that you'll be compensated
under stipulated conditions for any specified loss by fire,
accident, death, etc
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.
Definition:A federal program whereby eligible unemployed persons receive cash
benefits for a specified period of time. These benefits are paid
out of funds derived from employer, employee and government
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.