A line of credit, abbreviated as LOC, is an arrangement between a financial institution, usually a bank, and a customer that establishes a maximum amount that the institution will allow the borrower to access or maintain. Unlike a loan, which is typically a one-time thing, a line of credit remains open. It’s like a pool of money you can dip into that’s not yours.

The cost to a business of making the products it sells over a given period of time. The cost of goods sold includes parts and labor expenses, but does not include shipping, advertising, or other indirect costs. COGS is included on a company’s profit & loss/income statement and may be subtracted from revenue when calculating the company’s gross profit margin.

a business that: (1) Is organized for profit (2) Has a place of business in the US (3) Operates primarily within the U.S. or makes a significant contribution to the U.S. economy through payment of taxes or use of American products, materials or labor (4) Is independently owned and operated and is not dominant in its field on a national basis

A person who records financial transactions. Bookkeepers maintain financial records, noting expenses or revenue, and determining how much one owes or is owed. Bookkeeping is related to, but distinct from, accounting. While accountants create reports based on financial information, bookkeepers record the information itself.

Poverty thresholds are the dollar amounts used to determine poverty status. The Census Bureau assigns each person or family one out of 48 possible poverty thresholds. Thresholds vary by the size of the family and age of the members. The same thresholds are used throughout the US. Thresholds are updated annually for inflation using the CPI-U. They are intended for use as a statistical yardstick

Employee stock purchase plans (ESPPs) enable employees to buy company stock at a discounted rate, such as 15 percent. The plans offer a potential financial benefit to employees, encourage them to stay with the company for a certain period of time (otherwise they lose the benefit), and can promote employee loyalty to the business.

Impact investing is about making investments that aim to create positive social or environmental effects while also making financial gains. It involves considering a company's commitment to corporate social responsibility or serving society positively.