Commerce Glossary

20 Commerce terms

Hi, my name is Yvan and I live in Laval, Quebec. I have been studying at Montmorency College since 2016. Here at the college I study commerce. I made this glossary for student that are in the same program so they can learn multiple words that are specific to the field of study. This can alos be used by people that are working in the line of work related to commerce.

agenda
noun
a list of the subjects to be discussed at a meeting
Example: All are asked to attend as a lot of matters are on the agenda for discussion.
fr: ordre du jour
alliance
noun
an agreement between two or more organizations to work together
Example: Despite ASEAN's strong request, Japan was earlier reluctant to accede to the treaty amid worries that the pact could constrain its security alliance with the United States.
fr: alliance
balance sheet
noun
a document showing a company’s financial position and wealth at a particular time. The balance sheet is often described as a ‘photograph’ of a company’s financial situation at a particular moment
Example: For the other sectors, balance sheet data are limited to financial assets and liabilities.
fr: bilan
customs
noun
the government department responsible for collecting the tax on goods that have been brought into the country and making sure that illegal goods are not
Example: I would especially call customs agents' attention to goods from Communist China, many of which are made in the laogai or Chinese gulag.
fr: douane
deregulate
verb
if a government deregulates a particular business activity, it allows companies to operate more freely so as to increase competition
Example: On the one hand, we can further deregulate the labour market by allowing employees to opt out of entitlement regulations.
fr: déréglementer
expand
verb
to become larger in size, amount, or number, or to make something larger in size, amount, or number
Example: Needing more capital to expand, Arkwright partnered with Jedediah Strutt and Samuel Need, wealthy hosiery manufacturers, who were nonconformists.
fr: accroitre
fall
noun
a reduction in the amount, level, price etc of something
Example: 2020 share price fall is not a crisis
fr: shutte
Fluctuation
the movement of prices, income, rates etc as they increase and fall
Example: The national market was finding its own level without any dramatic fluctuation.
fr: Fluctuation
focus
noun
when a company serves particular groups of customers in a market with particular needs, rather than serving the whole market
Example: This company started to make car to focus on the younger generation
fr: marché sible
globalize
verb
a company, an industry, or an economy globalizes or is globalized, it no longer depends on conditions in one country, but on conditions in the world as whole
Example: Microsoft decided to globalize and opened headquarters in congo
fr: globaliser
incentive
something which is used to encourage people, especially to make them work harder, produce more or spend more money
Example: The major incentive for employing aluminum is its weight saving compared to steel.
fr: motivation
innovate
verb
to design and develop new and better products
Example: Intense domestic rivalry was also found to be important in spurring the industry to innovate and upgrade.
fr: innovation
interest
noun
an amount paid by a borrower to a lender, for example to a bank by someone borrowing money for a loan, or by a bank to a depositor
Example: The notes and accompanying interest payments are backed by the full faith and credit of the issuer and are either callable or noncallable.
fr: intéret
joint venture
a business activity in which two or more companies have invested together
Example: It now sells its products on both coasts and has a joint venture with a New York lamb wholesaler.
fr: partenariat
plummet
verb
to suddenly and quickly go down in value or amount
Example: There is no automatic reason why share prices as a whole should plummet as a result of the attacks.
fr: descendre brusquement
quota
noun
an official limit on the number or amount of something that is allowed in a particular period
Example: Two thirds of the Irish Horse Mackerel and mackerel quota remains uncaught.
fr: quota
share
noun
one of the parts into which ownership of a company is divided
Example: Mr. Bergstroem, the Nordea analyst, said he thought AOL would prevail eventually but probably at a price of more than 230 dollar a share.
fr: action
share capital
noun
capital in the form of shares, rather than in the form of loans
Example: He said that although a lot of efforts were made towards the mobilisation of share capital, only a modest increase was attained.
fr: capital d'action
tariff
noun
a tax on goods coming into a country or going out of it
Example: We will rather redefine the dispensing tariff and this could mean that it is recalculated.
fr: tarif
workforce
noun
all the people who work in a particular country, area, industry, company, or place of work
Example: They actively discouraged emigration, fearing the loss of their workforce and tenantry.
fr: la main d'oeuvre