Glossary I

account (n)

an arrangement between a bank and a customer that allows the customer to pay in and take out money

accountable

responsible for the effects of your actions and willing to explain or be criticised for them

accounts

the depatment of a company that deals with its accounts

acquire

to buy a company/to buy a part of a company

acquisition

when one company buys another one, or part of another one

actuary

someone whose job is to calculate risks, in order to advise insurance companies or pension funds

admission of liability

when a person or organisation accepts legal liability for something

advertising campaign

an organisation's programme of advertising activities over a particular period of time with specific aims, for example to increase sales of a product

agenda(n)

a list of the subjects to be discussed at a meeting 2 someone's secret plan or aims, rather than the ones that they say they have

agent

a person or company that is paid by anotherperson or company to represent then im business

appoint (v)

to choose someone for a job or position

assess (v)

to make a judgement about a person or situation after considering all the information

asset

something or someonethat is useful because they help you succeed or deal with problems

auction (n)

a public meeting where land, buildings, paintings, etc. are sold to the highest bidder

audit(n)

an official examination of a person's or oganisation's accounts by an expert, to check that they are true and honest

award(n)

1. an amount of moey that is given to someone as a result of an official decision or judgement 2. something such as a prize or an amount of money given to a person or company to reward them for what they have done

award(v)

to officially give a prize or an amount of money to a person or company to reward them for something they have done

backer

someone who supports a plan, person or company, usually by giving money

bankrupt

not having enough money to pay your debts

bankruptcy

when someone is judged to be unable to pay their debts by a court of law, and their assets are shared among the people and businesses that hey owe money to

benefit(n)

sth, especially money, that an employer gives to workers in addition to their normal pay to encourage them to work harder or be satisfied where they work

benefits package

the total amount of pay and all the other advantages that an emplyee may receive, such as bonuses, health insurance, a company car

bid

an

billboard(n)

a large sign used for advertising

bond(n)

and amount of money borrowed by a government or an organisation. The government or organisation produces a document promising that it will pay back the money back usually with interest. The document which can be bought and sold, is also called a bond

bond market

the buying and selling of bonds

bondholder

a person or organisation that owns bonds

bonus

an extra amount of money added to an employee's wages, usually as a reward for doing difficult or good work

boast(v)

to incease something such as production, sales or prices

brainstorming

a way of developing new ideas and solving problems by having a meeting where everyone makes suggestions and these are discussed

brand

a name given to a product by a company so that the product can easily be recognized by its name or its design

brand image

the collection of ideas and beliefs that people have about a brand

brand name

the name given to a product by a company so that the product can be easily recognised by its name or by its design

budget (n)

a detailed plan made by an organisation or a government of how much it will receive as income over a particular period of time, and how much it will spend, what it will spend the money on

budget(adj)[only before noun]

1very low in price-often used in advertisement 2 use for saying how much money has been spent on doing sth, especially making a movie

bureaucracy(n)

all the complicated rules and processes of an official system, especially when they are confusing or responsible for causing a delay

bureaucratic(adj)

involving or having a lot of complicated unnecessary official rules

business angel

a private investor who puts money into new business activities, especially ones based on advanced technological ideas

bust(adj)

if a business goes bust, it cannot continue to operate because it does not have enough money to pay its debts

cashflow

the amounts of money coming into and going out of a company, and the timing of these

CEO(Chief Executive Officer)

the manager with the most authority in the normal everyday management of a company.

chair(v)

to be in charge of a meeting

chair(n)

the ciarman or a chairwoman of a company/organisation, or the job of a charmain/charwoman

chairman

the person who is in charge of a large company/organisation, especially the most senior member of its board

client

somone who pays for services or advice from a professional person or organisation

collateral

assets promised by a borrower to a lender if the borrower cannot repay a loan

commision

1 an amount of money paid to someone according to the value of goods'shares, bonds etc. they have sold2. an official organisation that ensures that the law is obeyed in a partivular activity

commodity

a product that can be sold to make a profit, especially one in its basic form before it has been used or changed in an industrial process(farm products, metals)

compensation

an amount paid to someone because they have been hurt or harmed

comepensation package

the total amount of pay and all the other advantages, such as stock options, that are offered to a company's important managers

competetive

describe situations and behaviour in which businesses are trying very hard to be more successful than others,i.e. by selling their goods or services more cheaply than others 2. if process is competitive, people have to compete with each other