Both are terms that are used in setting up certain people for some matters to discuss on. If you take a look on the dictionary, the two of these doesn’t differ that much as they are almost a synonym. Still they differ in some way so let’s classify them.

Conference

This term in often used by politicians, religious leaders, and any other powerful people in which they are to up bring a serious discussion and exchange of ideas as well. This is done within a large scale, meaning the people that are involved are numerous. They mostly conduct conferences in training centers, grand hotels, or at large halls wherein the mass can be occupied. All of the topics are to be set in advanced. It may also involve the media in order to reach the likes of the rest of the country or even internationally, hence, press conferences.

To wrap it all up, conferences are more of formal compared to meetings.

Meeting

This is more of an encounter, although planned but not planned in advance. Meetings can be from the least formal such as social gatherings on a friend’s house to immediate business meetings inside an office. Unlike conferences, meetings are mostly done exclusively and doesn’t last that long.

Brief Summary:

-A conference is a formal encounter which is planned in advance while a meeting can be called instantly or rather informally.

-Conferences are done in a large scale meaning the people are numerous and can include media while meetings are more of an exclusive encounter with a group of people.

-Conferences take place in large venues such as training centers and grand hotels to accommodate the people who are present while meetings can be on a friend’s house for those socialites or in an office for those business people involved in one group.

Financing

The financing is the loan of a sum of money authorized by financial intermediaries (agencies, such as financial companies, or banks) which has to be returned together with the interest.  The amount which has to be paid and then returned back is agreed upon at the time of contract. The two figures involved in the loan agreement are:

- The debtor: That is the one who takes the loan.

- The creditor:  That is the one who provides the loan.

The funding can be done on 2 categories:

1. Personal finance: It is issued to an individual on the basis of the salary he receives. Personal finance can range from petty cash (A television) to large purchases (A car) and is returned in installments. According to the law on consumer credit the limit of the personal finance is 31,000€ and need not provide any information about the use of the finance. The characteristic of this funding is not the motivation but the mode of the request for the reimbursement. This is done by holding a figure directly on the salary which can reach up to a maximum of a fifth of the salary received.

2. Trust funding: It is characterized, as the term suggests, by trust to be given to the debtor because guarantees may not be sufficient to cover all debt. The supporting documentation used to determine if the person is worthy of trust not can be given.  These documents include certificate of income, salary, pension etc.

Mortgage

Mortgage is a guarantee for the return of the loan. Mortgage is a property which guarantees the creditors that the debtor will return the loan amount. If he fails to do so, the property mortgaged by the debtor is used to pay the loan. The amortization schedule shows the number and distribution. The amount of the rate is expressed in respect of each installment and the amount of interest in the share of the loan that is going to reimburse with that particular installment. Initially, the rate goes to cover for much of the interest expense and a small part of the capital going to reverse as the proportion.

For example, the debt is 1000€ plus interest 100€ for a total of 1100€. On a theoretical division in 10 installments of € 110 each the first installment may have a division like this:

40€ share capital and 60€ of interest (for a total of just 110€)

While the final installment could be so composed

109€ share capital and 1€ of interest (for a total of just 110€)

So the value of the installment does not change but changes what you are repaying. This solution guarantees the creditor if the debts were not refunded in full, he will not lose the interests (Acquired with the prime rate) or the capital (Recoverable with the mortgage).

Deposit

The deposit is a value (both in money and things) that is paid as mutual guarantee for the sale of an asset.  When you pay a deposit, it is usually a part percentage of the total value. By deposit you ensure its readiness to conclude the contract. If one party proves defaulting it should give the other party the amount of deposit. That is: if the buyer is at fault (for unavailability of the total amount or waiver purchase) would lose deposit paid. If the seller proves to be the defaulting party, it would be forced to return the deposit plus an amount equal to the deposit as compensation.

Consider this example: Let’s say hypothetically that a house cost 100,000€ and that both the seller and the buyer have signed the agreement. The buyer needs a mutual guarantee. The buyer of the house decides to pay 10%Or € 10,000 as deposit. Here we can identify four possible options:

1. The mutual is granted, the buyer is still willing to buy, so he have fulfilled the contract. In addition, the seller has not changed his mind. The buyer pays the remaining 90% and the deal is concluded.

2. The mutual is granted. The purchaser has changed his mind while the seller is still willing to make the sale. The buyer is defaulting and therefore loses deposit 10,000 $.

3. The mutual is not granted and the seller has not changed idea. The buyer is defaulting and therefore loses deposit of 10,000 €.

4. The mutual is granted but the seller has changed his mind (For example, has received an offer significantly higher). The seller is defaulting and therefore is forced to pay the purchaser deposit plus a value equal to the same amount. Or in this case, must pay 20,000$ to purchaser.

Advance payment

Advance payment is a part of the value of the good like deposit. In deposit the amount is not huge. It is only to confirm the purchase. Advance payment ensures the reservation of the goods to be purchased. For example, in a store a video game coasting 50$ is arriving shortly. It can be booked by paying 10$ in advance. There are three possibilities:

1. The game arrives and is sold to the person who has booked who pays the remaining 40 €.

2. The game arrives but the buyer has changed his mind, he loses the deposit paid.

3. The game does not reach the seller (or they change their minds) and therefore return the deposit to the purchaser.

In modern Western countries, the political spectrum is generally defined in terms of left and right axis. Extreme right political groups are conservative and theocratic. They put emphasis on nationalism and fascism. On the other hand, extreme leftist advocate socialism, social democracy, liberalism and communism.

Right Politics

Historically, right political groups include groups such as liberals, nationalists and monarchists, and even fascist movements.

In the modern world, we include in right politics such movements and parties that support the idea of ​​free market capitalism and forms of economic nationalism.

The right-wing political thought is based on the idea that men are not equal and have no equal rights. They lay emphasis on the differences that define the balance of power between individuals.

Left Politics

Left politics was inspired initially by the French Revolution. Karl Marx has the biggest influence on the leftist thought. Egalitarianism is the fundamental concept of left politics.

The movements of the left support the modern working class and the redistribution of resources in order to create a society that puts all its members in a situation of parity.

If the right-wing political movements have inherent support for the noble and ecclesiastical order, left-wing political movements are moving toward participatory democracy and anti-clericalism.

Revenue and profit are both economic variables. There is one key difference between them. Revenue represents the gross value of turnover. Its costs are not considered. On the other hand  in profit, costs of the output are considered. Profit is obtained by deducting all costs from the total revenue.

Revenue refers to the proceeds a company creates through the implementation of economic process i.e. the sum of money obtained from sale of goods or services. The Revenue is an economic variable which is measured by the financial performance (Such as money or credit of operation). The term proceeds should not be understood as synonymous with gain. The revenue is calculated by multiplying the quantity of the goods sold with unit cost:

Revenue = Quantity × Unit Cost

We can also obtain the revenue by adding up the expenses of the purchase of raw materials or production costs to gain:

Revenue = Expenses + Gain

In a commercial or financial activity gain can be calculated by finding the difference between the value (revenue) of the product or service and the cost of production or purchase of raw materials:

Gain = Revenue – Expense

So the gain represents the difference between revenues and costs of a company. It is the result of the financial statements of the income of a company or contractor. In reality, the gain can be defined in two different ways: the Gross profit from which costs and taxes must be deducted and net gain after the deduction of all costs.

Industry

The term “industry” is used to group companies that make the same kind of products or perform the same type of services. For example, companies that manufacture automobiles and other vehicles are part of the automotive industry. Those that process milk, butter, and cheese are in the dairy industry. Banks and loan companies are part of the financial services industry.

Kinds of Industry

Industries mainly produce goods or services. But some produce both. Manufacturing is an example of a goods-producing industry. Health care, insurance, and real estate are examples of service industries. The information industry offers goods, such as printed magazines. It also offers services, such as online news.

Market

Market, in economics, a point at which the forces of supply and demand converge to establish a price for an article of trade. It may be a physical center, usually designated by the term “marketplace,” or it may represent simply a group of interested buyers and sellers, who are scattered geographically and whose bids and offers set a price.

Public markets developed from the fairs of medieval Europe, particularly those in England, France, and the Low Countries. In those nations, fairs served principally as a means for selling the agricultural produce of the area. This type of market has existed for years in the United States, one of the oldest being in New Orleans. Since World War I, however, mass distribution and modern refrigeration and processing methods have led to a sharp decline in the economic role played by such markets.

Organized stock exchanges or securities markets, commodity markets, and the money market are also examples of public markets. A stock market enables investors to buy or sell bonds or shares of stock. Of more than a dozen securities exchanges in the United States, the largest is the New York Stock Exchange. Commodity markets deal in contracts to buy or sell foods, metals, or other goods. The Chicago Board of Trade is the largest association of commodity traders in the United States. Money or currency markets are concerned with large-scale money and credit transactions by banks, either within a single country or internationally.

There are a few elements on which social responsibility must be handled differently by the public sector than the private sector, although the issues are similar.

It is primarily about the public sector which is bound by a different regulatory framework, and it must ensure that the requirements being set are compatible. In reality, this affects

* The possibilities for choosing suppliers because of such “Ethical” profile. The principles of equality and non-discrimination ensures inter alia which means choosing on suppliers based on nationality should not be done.

* Doubtful volumes. The public sector can not guarantee the volumes in the same way as compared to the private sector.

* The relationship between suppliers and customers are also different, and must be treated accordingly. Contracts in public sectors are generally short and are subject to competition. The private sector has greater opportunities to work with suppliers, with a longer term investment.

The procurement process can vary greatly between private and public sectors. It will also be reflected in the way that business implements socially responsibility in their purchases.

A company refers to an association started by more than one person seeking to sell shares to investors. A partnership also has more than more than one person and benefits and responsibilities are distributed among the partners. The main difference between a partnership and a company is debt.

The responsibility of each member is protected in a company as the personal risk of the member is limited to the extent of investment. A partnership, as a sole proprietorship, does not offer limited liability protection. A limited partnership has more than one partner who is licensed in a business such as an accountant or lawyer. Even a general partnership does not provide liability protection and limited investment opportunities. It is easy to create and requires lesser tax reporting. Each partner’s taxes are based on their own tax levels. All parties must agree to an agreement on the each partner’s percentage in ownership and what roles each will play in the business. A lawyer is usually involved in a partnership. A limited company can be an individual, a partnership or a corporation and is often regarded as halfway between a company and a partnership. The Company does not have any members responsible, just as a company, a partnership also allows for impact on taxes and a less rigidity in working. In Most states a corporation must have at least two members. But this has changed now. Most states today allow sole owner limited companies due to changes in IRS regulations. The rules for partnerships and companies are constantly changing. A C-Corporation is a for-profit and a government agency. The company is taxed and pays taxes separately from its shareholders. The shareholders have ownership of the company and can elect new board. Double taxation may occur in a C-Corporations, a company must pay tax on their profits and pay taxes again when the profits are paid out as dividends. However, double taxation is sometimes avoided by paying shareholders salaries with fringe benefits rather than dividends.

An S-Corporation is a C-Corporation which receives the “S Corporation Status” by filing a 2553 IRS form. S-Corporations are taxed at a breakthrough way rather than as an ordinary company which is taxed on its own ground. Pass-through taxation allows shareholders to pay taxes as members of a partnership. The shareholders report the S company’s profit or loss on their tax returns. Some states may require an additional application form for the “S Corporation Status” with the federal 2553 form.

Partnership

A partnership is the result of a specific contractual agreement among the owners or partners. The agreement need not be in writing to be effective at law, but prudence and good practice recommend a written partnership agreement to avoid misunderstanding and disagreements.

The essentials of a contract must be present for a partnership agreement to be valid and enforceable. Within the framework of legality, the relations among partners and their responsibilities are set by the terms of the agreement. If conditions are not specified by contract, then the rules of the law apply.

Any number of persons may join in a partnership agreement. For example, some of the nation’s largest law firms have hundreds of general partners, as do many of the nation’s largest securities-trading firms. Corporations may even become partners, if they are permitted to do so by their charters and applicable state law.

The earliest record of a business partnership is that of the Babylonian banking house of Egibi. This family partnership outlasted the Chaldean empire (606–539 B.C.). Partnerships are referred to in Roman law. They were widely employed by the merchants of the Middle Ages, particularly those of the Italian city-states. Later, the members of the Hanseatic League operated extensively through partnerships. In England the law of partnership came into the common law from the law merchant. In turn, the Uniform Partnership Act in the United States is essentially a codification of the common law.

Joint Stock Company

Joint Stock Company, a form of business organization that has some of the attributes of a partnership and some of a corporation, with a pooling of shareholder capital and election of a board of directors. In contrast to a corporate arrangement, however, individual shareholders are liable for the company’s debts. Some early examples of joint stock companies were the East India Company and the Hudson’s Bay Company.

As far as the meaning of the two words negligence and liability is concerned, negligence means a deficit of accountability and liability means a responsibility.
If John is liable for destroying your music system, then it means he has done something incorrect that have destroyed the system. Now negligence means a wrong deed done by someone by means of following the improper means. As for example- an accident that involves a chemical explosion in the laboratory is negligence.
Liability is something that causes harmful results. According to the legal dictionary, liability does not indicate the presence of any deliberate activity resulting in a harmful incident. Legally negligence means the carelessness of a person to follow the proper procedure to face some challenge.
Careless behavior leading to liability can be termed negligence. It is actually the failure of a person to act responsibly.
There are three legal misdeeds that lead to legal liability. These misdeeds are breach of contract, crime and a tort. Crime comprises of acts like thievery, rape, robbery etc. When there is a misdeed that is committed against an organization incurring loss to them then the act is called a tort. When there is a dishonored or ignored agreement then it is called Breach of Contract.
A person can be granted damages from the court of law in case it is established that the concerned person failed to do what he should have done. The applicant also should have suffered a loss due to the careless act.
Summary:

1. Negligence means a deficit of accountability and liability means a responsibility.
2. Now negligence means a wrong deed done by someone by means of following the improper means. Liability is something that causes harmful results.
3. According to the legal dictionary, liability does not indicate the presence of any deliberate activity resulting in a harmful incident. Legally negligence means the carelessness of a person to follow the proper procedure to face some challenge.
4. “Negligence” is a slapdash behavior that could lead to liability.
5. There are three legal misdeeds that lead to legal liability. These misdeeds are breach of contract, crime and a tort.
6. A person can be granted damages from the court of law in case it is established that the concerned person failed to do what he should have done. The applicant also should have suffered a loss due to the careless act.