Glossary

Liquidate:  Pay back Debts, convert possessions into money.

Entrepreneurship: Entrepreneurship is an innovative way out of a problem taken out by creating new opportunities.

Entrepreneur: A person successful for setting jobs

Default: running away from the situation when not able to pay debts

Bail-Out: Paying of money as a penalty to get out of some trouble.

Recession: A period in which there is economic slowdown in a country or the whole world

Agro-Based country: A country which has agriculture as its main output, it’s economy depends on agriculture.

Nationalisation: Giving all the controls of a industry/company to government is called nationalisation.

Credit Default Swap: An Insurance policy against the bond default.

Credit Crunch: Unavailability of giving loans or acquiring.