Proprietorship

Definition:

An unincorporated business that is owned and operated by only one person who has complete liability for all assets, and complete rights to all profits.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Currency Exchange Risk

Uncertainty about the rate at which revenues or costs denominated in one currency can be converted into another currency.

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