Each industry has its own jargon. Those in the know are able to move about more comfortably. I thought I would lay the foundation and provide you with a glossary of basic terms. As you continue in the business, feel free to email me with questions regarding new terminology that continues to stump you. From time to time, I'll add to the glossary since there are sure to be many more than these. I will group terms according to categories rather than an alphabetical listing so that you can get a clear sense of their relationship. I'll start with two basic terms whose roles are so often confused and misunderstood,…
