Hi, my name is Antoine Phaneuf and I have been studying Social Science-Commerce at Ahuntsic College for 1 and a half years. I have written this glossary for people who have an interest in this field of study and to help them understand important word that we use every day in business.
account
noun
A register of financial transactions providing access to funds on demand, through a variety of different channels.
Example: The police freeze all of his accounts.
en: compte
agreement
noun
A negotiated and usually legally enforceable understanding between two or more parties.
Example: I had an agreement with my boss for my salary.
en: accord
bankrupt
adjective
When a person or organization declared in law is unable to pay outstanding debts.
Example: I would have gone bankrupt if my parents didn't have pay for my study.
en: Faillite
Benchmarking
verb
Comparing one's products to those of competitors in order to improve the quality and performance.
Example: I was benchmarking one of our products to a pair of shoes from Nike yesterday.
en: Analyser/comparer
broker
noun
A person who buys and sells goods or assets for others.
en: courtier
capital
noun
Wealth in the form of money or other assets owned by a person or organization or available or contributed for a particular purpose such as starting a company or investing.
Example: Maxime sales a part of his shares to have more capital.
en: capital
commodity
noun
A raw material or primary agricultural product that can be bought and sold, such as cooper or coffee.
Example: I bought some commodity to sell at the market.
en: marchandise
corporation
noun
An association of individuals, having a continuous existence independent of its members and with powers and liabilities distinct from those of its members.
Example: Microsoft is one of the biggest corporation in the world.
en: corporation
cubicle
noun
A small partioned-off area of an office containing a desk.
Example: Each one of the employees has his own cubicle.
en: cabine
down payment
noun
Good faith deposit made by a buyer to underline his commitment to complete the deal.
Example: The down payment for my house was $20 000.
en: accompte
Exchange rate
noun
The value of one currency for the purpose of conversion to another.
Example: Weak euro and unfavorable exchange rate falling price of steel.
en: Taux de change
Stock
noun
the capital raised by a business or corporation through the issue and subscription of shares
Example: The price of the Apple stock really went up this week.
