Economy and Business Terms - Charlie, your teacher of English
referring to the way the rate progresses from high to low, so that the average tax rate exceeds the
marginal tax rate. In terms of individual income and wealth, a regressive tax imposes a greater
burden (relative to resources) on the poor than on the rich: there is an inverse relationship between
the tax rate and the taxpayer's ability to pay, as measured by assets, consumption, or income.
These taxes tend to reduce the tax burden of the well-to-do (people with higher ability to pay), as
they shift the burden disproportionately to the needy (those with lower ability to pay).
Resources: It is an economic or productive factor required to accomplish an activity, or as means to
undertake an enterprise and achieve desired outcome. Three most basic resources are land, labor,
and capital; other resources include energy, entrepreneurship, information, expertise, management,
and time.
Return: A return is the gain or loss of a security in a particular period. The return consists of the
income and the capital gains relative on an investment, and it is usually quoted as a percentage.
The general rule is that the more risk you take, the greater the potential for higher returns and
losses.
Schedule: 1.Auxiliary, explanatory, or supplemental document that forms part of a principal
document, such as a list of individual items (with their descriptions and values) covered by an
insurance policy, or a depreciation schedule that provides supporting details to a financial
statement.
2.Timetable for a program or project showing how activities and milestone events are sequenced
and phased over the allotted period.
3.Written or printed catalog or list of charges, items, prices, etc., arranged or organized in
alphabetical, chronological, magnitudinal, or any other classification or order.
Savings account: Saving accounts (UK: savings accounts) are accounts maintained by retail
financial institutions that pay interest but cannot be used directly as money in the narrow sense of a
medium of exchange (for example, by writing a check). These accounts let customers set aside a
portion of their liquid assets while earning a monetary return. For the bank, money in a savings
account may not be callable immediately and, in some jurisdictions, does not incur a reserve
requirement. Cash in the bank's vaults may thus be used, for example, to fund interest-paying
loans.
The other major types of deposit account are the transactional account (usually known as a
"checking" (US) or "current" (UK) account), money market account and time deposit
Security: A security is a financial instrument that represents an ownership position in a publiclytraded corporation (stock), a creditor relationship with governmental body or a corporation (bond), or
rights to ownership as represented by an option. A security is a fungible, negotiable financial
instrument that represents some type of financial value. The company or entity that issues the
security is known as the issuer.
Shareholder: It's an owner of shares in a limited company. In the US, called a stockholder. A
shareholder or stockholder is an individual or institution (including a corporation) that legally owns a
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