Business glossary

20 Business terms

Hi, my name is Nithush Shakthidharan. I've been studying Business Management for 2 years. I decided to choose this field of study because I want to work in an IT company.

account
noun
A register of financial transactions providing access to funds on demand, through a variety of different channels.
Example: Opening the capital ACCOUNT may entail an increase in exposure and therefore in the potential vulnerability of the economies (Cuadros et al., 2004).
en: compte
Account
accountant
noun
A person concerned with the maintenance and audit of business accounts and the preparation of consultant reports in tax and finance.
Example: Michael Storfer (Director)- an investor of Fresh Breath and an experienced chartered ACCOUNTANT.
en: comptable
accountant
agent
noun
A person who does business for another person.
Example: In addition, growth of technology stocks in the US, the increasing demand for adult education courses and the 'free AGENT nation' symbolise the importance of knowledge in the economy and 'individuals are finding a wealth of new opportunities to develop and exploit their own knowledge capital' (Burton-Jones 1999:221).
en: agente
agent
agreement
noun
A negotiated and usually legally enforceable understanding between two or more parties.
Example: Specific performance indicators could be identified by the manager of each work package subject to AGREEMENT of Project Manager.
en: accord
agreement
appointment
noun
An arrangement to meet someone at a particular time and place. The placement of an employee in a position by initial hire, promotion, transfer, demotion or reduction.
Example: Despite this APPOINTMENT, the absolute power he craved still eluded him, and although no constitution existed, his national sovereignty didn't go unchallenged.
en: rendez-vous
appointment
bankruptcy
noun
The state of being bankrupt.
Example: Furthermore, 95 per cent of its capital had been liabilities and when the Russian bond market collapsed as consequence of a threatening BANKRUPTCY of Russia, the prices of the bonds hold by LTCM differed further away from the fair historical values computed by complex computer programs.
en: la faillite
bankruptcy
benchmark
verb
Evaluate or check (something) by comparison with a standard.
Example: The BENCHMARK of gold price referred to the rate on 1 st July, 1944, which is $35 per ounce.
en: référence
benchmark
benefits
noun
A payment made or an entitlement available in accordance with a wage agreement, an insurance policy, or a public assistance program.
Example: Deregulating these financial contracts benefits business, the economy and both professional and individual investors.
en: avantages
benefits
bookkeeping
noun
The activity or occupation of keeping records of the financial affairs of a business.
Example: We all must keep accurate financial records for tax purposes as well as personal bookkeeping.
en: Tenue de livre compte
bookkeeping
brand
noun
A category of products that are all made by a particular company and all have a particular name.
Example: Current Position: Current Stock Share price is 1019 with the volume of sales suffering a decline, especially the SULI BRAND.
en: marque
brands
break even
noun/phrase
Reach a point in a business venture when the profits are equal to the costs.
Example: BREAK EVEN would be reached after 32,877 units of product being sold (Appendix 2,point 3).
en: seuil de rentabilité
break even
business
noun
A person's regular occupation, profession, or trade.
Example: Communication is an essential element to the effective running of any BUSINESS.
en: entreprise
Business Buildings
buy
verb
Obtain in exchange for payment.
Example: The total cost is being calculated by multiplying each of the costs (produced and BUY-in) with their respective quantities.
en: acheter
Buy
cooperative
adjective
Involving mutual assistance in working toward a common goal.
Example: In detail, if they are parts of the group, COOPERATIVE action will be easier, understanding will be improved, unnecessary conflict will be minimized, and useless frustration will be reduced.
en: coopérative
cooperative
liability
noun
The state of being responsible for something, especially by law.
Example: Given that there was no contract this disclaimer could have only served to exclude the defendants from LIABILITY for negligence.
en: responsabilité
liability
money
noun
A current medium of exchange in the form of coins and banknotes; coins and banknotes collectively.
Example: By taking into account the time value of MONEY and discounting cash flows, projects can be appraised before the investment decision is made.
en: argent
money
owner
noun
A person who owns something.
Example: Financially the owner of the company will be better off with a smaller share of the company if it does really well than he is now owning all of it.
en: propriétaire
Owner
partnership
noun
The state of being a partner or partners.
Example: London, DTI Sisson, K. (2002), 'The information and consultation Directive: unnecessary "regulation" or an opportunity to promote "PARTNERSHIP"?'.
en: partenariat
partnership
profit
noun
A financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something.
Example: It proved unprofitable as the two segments optimum values were too different and another company was better positioned to provide hi-earners with the perfect product and therefore Jolly SU avoided the potential majority fallacy. The professional market was far larger allowing more potential PROFIT.
en: profit
profit
selling
verb
Give or hand over (something) in exchange for money.
Example: Environmental Risk 1: The Marketplace Trend for Internet SELLING In the "increasingly competitive" marketplace, CFS will lose business as a result of being reactive (as we were with telephone SELLING) and not proactive to market trends, in particular the Internet SELLING trend.
en: vente
selling