BREAKEVEN POINT 
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. 

 

BUSINESS BIRTH 
Formation of a new establishment or enterprise. 

 

BUSINESS DEATH 
Voluntary or involuntary closure of a firm or establishment. 

 

BUSINESS DISSOLUTION 
For enumeration purposes, the absence from any current record of a business that was present in a prior time period. 

 

BUSINESS FAILURE 
The closure of a business causing a loss to at least one creditor. 

 

BUSINESS PLAN 
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. 

 

BUSINESS START 
For enumeration purposes, a business with a name or similar designation that did not exist in a prior time period. 

CANCELED LOAN 
The annulment or rescission of an approved loan prior to disbursement. 

 

CAPITAL 
 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 time period;
accumulated goods devoted to the production of goods; (4) accumulated possessions calculated to bring income.