This glossary contains words people can use in the commerce field of study. It is an easy way for everyone to understand the words related to this field of study even in foreign countries.
Asset
noun
Something belonging to an individual or abusiness that has value or the power to earn money.
Example: We should hire him. He could be an asset to the company.
en: actif
Buisness
noun
A business is defined as an organization or enterprising entity engaged in commercial, industrial, or professional activities.
Example: I own a lash business.
en: entreprise
chart of accounts
noun
A chart of accounts (COA) is an index of all the financial accounts in the general ledger of a company.
en: plan comptable
Crisis
noun
A period or moment of greatdifficulty, danger, or uncertainty, especially in politics oreconomics.
Example: A financial crisis will start in a few weeks due to World War 3.
en: Crise
Economy
noun
The wealth and resources of a country or region, especially in terms of the production and consumption of goods and services.
en: économie
Ledger
noun
A book or other collection of financial accounts of a particular type.
Example: All expenses will be written or stored in a ledger.
en: le grand livre
Liability
noun
A liability is defined as the future sacrifices of economic benefits that the entity is obliged to make to other entities as a result of past transactions or other past events, the settlement of which may result in the transfer or use of assets, provision of services or other yielding of economic benefits in the future.
Example: The partners accept unlimited liability for any risks they undertake.
en: passif
loss
noun
To spend more money than one earns.
Example: The company has been losing money for the past several years.
en: perte
profit
noun
A financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something.
Example: Even after paying all expenses, my buisness is still in profit.
en: profit
project management
noun
Project management is the process of leading the work of a team to achieve all project goals within the given constraints.
Example: He will be in charge of the project managment.
