A belief that a country’s wealth should be distributed equally among its population, and to varying extent also that its industries should be under government ownership and control.

The process if identifying and dividing people into groups according to their social, economic and/or educational status.

Also known as Soft Financing. A loan which has attractive terms for the borrower, such as low or no interest rates and/or a long repayment period, often made by banks to developing countries.

A subtle, persuasive way of selling a product or service, as opposed to Hard Selling.

A general term for programs, etc., used to operate computers.

Also called Sole Proprietor. A business which is owned and managed by one person who is responsible for any debts which are incurred, keeping their own accounts, etc.

The money a business requires in the form of cash or saleable assets, which must exceed the amount needed to pay bills, debts, etc.

Having enough funds to pay all your debts.

A number which is assigned to a branch of a bank, found on cheques, bank statements, etc., which enables that particular bank’s address to be identified.

In the UK, special commissioners are present at appeals concerning disputes between the Inland Revenue and tax payers.