Glossary – Q to Z

R

Risk

The quantifiable likelihood of loss or less-than-expected returns.

S

Screening Committee

An ABC committee comprised of development officers and ABC management that reviews and makes recommendations on the eligibility of applications to ABC for financial assistance.

Share

One of a finite number of equal portions in the capital of a company, entitling the owner to a proportion of distributed (not reinvested) profits (dividends), and to a portion of the value of the company in case of liquidation.

Statement of Intent (SOI)

A form used to begin the application process for financial assistance from ABC. This form — in collaboration with other required documents — provides ABC with necessary information to assess an applicant’s basic eligibility for financial support under the program’s guidelines.

Substantive involvement

The requirement for an applicant to be involved full time with the proposed business in a management capacity in order to be eligible to receive financial support from ABC. The proposed business venture may operate year-round or be seasonal.

T

Tourism

The activities of people when they are traveling outside their usual environment for leisure, business or other reasons.

Trademark

A name, symbol, or other device identifying a product, officially registered and legally restricted to the use of the owner or manufacturer. A trademark is used to prevent others from using identical or similar marks.

W

Working capital

The cash available to an enterprise for day-to-day operations.