business english words

8/2/2019 business english words

1/4

Account - a record of debit and credit entries to cover transactions involving a

particular item or a particular person or concern

Accounting - is the process of systematically collecting, analyzing and reporting

financial information

Advertising - is a form of communication intended to persuade an audience

(viewers, readers or listeners) to purchase or take some action upon products, ideas,

or services

Application letter - is a document sent with your resume to provide additional

information on your skills and experience

Auction - is a process ofbuying and selling goods or services by offering them up

for bid, taking bids, and then selling the item to the highest bidder

Balance sheet - is the statement of financial position of a summary of a firms

assets, liabilities and owners equity at a particular time

Bank - An organization, usually a Corporation, chartered by a state or federal

government, which does most or all of the following: receives demand deposits and

time deposits, honors instruments drawn on them, and pays interest on them;

discounts notes, makes loans, and invests insecurities; collects checks, drafts, and

notes; certifies depositor's checks; and issues drafts and cashier's checks

Board of directors - is the top governing body of a Corporation

Bond - is a long-term, interest-bearing promissory note that companies may use to

borrow money for periods of time such as five, ten, or twenty years

Bookkeeping - is the routine, day-to-day record keeping that is necessary part of

accounting

Business - is an economic institution whose goal is economic survival and whose

activities are dominated by the profit motivate

Business Negotiation - describes any communication process between individuals

that is intended to reach a compromise or agreement to the satisfaction of both

parties

Business writening - includes both internai Communications within the company


2/4

and externai Communications interfacing with the public or other organizations on

behalf of the business

Contract - is a legally enforceable agreement between two or more parties with

mutual obligations

Consumer - is a broad labei for any individuals or households that use goods and

services generated within the economy

Corporation - is a legal entity that is created under the laws of a State designed to

establish the entity as a separate legal entity having its own privileges and liabilities

distinct from those of its members

Customs - government agency entrusted with enforcement of laws and regulations

to collect and protect import - revenues, and to regulate and document the flow ofgoods in and out of the country

Fair competition - Competition based on the factors of price, quality, and service,

not on the abuse of near-monopoly powers, competitor bashing, predatory pricing,

etc.

Finance - Abranch of economics concerned with resource allocation as well as

resource management, acquisition and investment

Financing - The act of providing funds for business activities, making purchases or

investing

Income statement - is a summary of a firms financial operations during a specified

accounting period that shows the gross profit on sales of a company which is

computed by subtracting the cost of goods sold from net sales

Interview - is a conversation between two people (the interviewer and the

interviewee) where questions are asked by the interviewer to obtain information

from the interviewee

Loan - Written or oral agreementfor a temporary transfer of a property (usually

cash) from its owner (the lender) to a borrower who promises to return it according

to the terms of the agreement, usually with interest for its use

Management - is an conscious process by which individual ang group action is


3/4

coordinated to improve profits, reduce costs, or improve delivery service of an

organization

Market economy - is an economic system which brings together natural resources,

labour supply and technology and which is principally privately owned and where

government has to some extent always been involved in regulating and guiding theeconomy

Marketing - is the activity, set of institutions, and processes for creating,

communicating, delivering, and exchanging offerings that have value for

customers, clients, partners, and society at large

Mass media - Non-personal channels of broadcasting a message to the general

public, principally the naional newspapers, radio, and television

Minute - also known as protocols, are the instant written record of a meeting or

hearing. They typically describe the events of the meeting, starting with a list of

attendees, a statement of the issues considered by the participants, and related

responses or decisions for the issues.

Money - is any object or record, that is generally accepted as payment for goods

and services and repayment of debts in a given country or socio-economic context

Offer - A proposal that is made to a certain individual or legal entity to enter into acontract, that is definite in its terms, and that indicates the offeres's intent to be

bound by an acceptance

Partnership - is defned as an association of two or more persons to act as co-

owners of a business for profit

Press - A public relations announcement issued to the news media and other

targeted publications for the purpose of letting the public know of company

developments

Price - is the quantity of payment or compensation given by one party to another in

return for goods or services

Producer - An individual or organization that creates goods and services

Product - any tangible output or service that is a result of a process and that is


4/4

intended for delivery to a customer or end user

Promotion - is the communication link between sellers and buyers for the purpose

of influencing, informing, or persuading a potential buyer's purchasing decision

Report - A piece of information describing, or an account of certain events given or

presented to someone

Retailing - is selling goods and services to the ultimate consumer

Share/stock - is a certificate of ownership that represents an equal share in the

ownership of a Corporation

Sole - proprietorship - is a business that is owned and usually operated by one

persons

Wholesale - is defined as the sale of goods or merchandise to retailers, to industrial,

commercial, institutional, or other professional business users, or to other

wholesalers and related subordinated services

Documents

business english words