The breakeven point in any business is that point at which the volume of sales or revenues exactly equals total
expenses - the point at which there is neither a profit nor loss - under varying levels of activity. The breakeven
point tells the manager what level of output or activity is required before the firm can make a profit; reflects
the relationship between costs, volume, and profits.
Formation of a new establishment or enterprise.
Voluntary or involuntary closure of a firm or establishment.
For enumeration purposes, the absence from any current record of a business that was present in a prior time
The closure of a business causing a loss to at least one creditor.
A comprehensive planning document which clearly describes the business developmental objective of an existing or
proposed business applying for assistance in SBA's 8(a) or lending programs. The plan outlines what and how and
from where the resources needed to accomplish the objective will be obtained and utilized.
For enumeration purposes, a business with a name or similar designation that did not exist in a prior time
The annulment or rescission of an approved loan prior to disbursement.
Assets less liabilities, representing the ownership interest in a business;
a stock of accumulated goods, especially at a specified time and in contrast to income received during a specified
accumulated goods devoted to the production of goods; (4) accumulated possessions calculated to bring