Business Vocabulary

 

Banking Vocabulary

 

balance
n. the difference between credits and debits in an account
bank charges
n. money paid to a bank for the bank’s services etc
branch
n. local office or bureau of a bank
chequebook
n. book containing detachable cheques US - checkbook
cheque
n. written order to a bank to pay the stated sum from one’s account US - check
credit
n. money in a bank a/c; sum added to a bank a/c; money lent by a bank
credit card
n. (plastic) card from a bank authorising the purchasing of goods on credit
current account
n. bank a/c from which money may be drawn at any time US - checking account
debit
n. a sum deducted from a bank account
deposit account
n. bank a/c on which interest is paid US - saving account
fill in
v. to add written information to a document to make it complete
interest
n. money paid for the use of money lent - interest rate n.
loan
n. money lent by a bank etc and that must be repaid with interest
overdraft
n. deficit in a bank account caused by withdrawing more money than is paid in
pay in
v. [paid in] to deposit or put money in to a bank account
payee
n. person to whom money is paid
paying-in slip
n. small document recording money that you pay in to a bank account
standing order
n. an instruction to a bank to make regular payments
statement
n. a record of transactions in a bank account
withdraw
v. [-drew, -drawn] to take money out of a bank account

 

Company Structure Vocabulary

 

Accounts Dept.
n. department responsible for administering a company’s financial affairs
A.G.M. (UK)
abbr. Annual General Meeting of a company’s shareholders
board of directors
n. group of people chosen to establish policy for and control a company
chairman (UK)
n. person who heads a Board of Directors; head of a company; chairperson
director
n. a member of the board of directors
executive officer (US)
n. person managing the affairs of a corporation
headquarters
n. a company’s principal or main office or centre of control
manager
n. person responsible for day-to-day running of a dept.
managing director (UK)
n. senior director after the chairman responsible for day-to-day direction
Marketing Dept.
n. department that puts goods on market, inc. packaging, advertising etc
organisation chart
n. a table or plan showing a company’s structure graphically
Personnel Dept.
n. department responsible for recruitment and welfare of staff or employees
president (US)
n. the highest executive officer of a company; head of a company
Production Dept.
n. department responsible for physical creation of product
Purchasing Dept.
n. department responsible for finding and buying everything for a company
R & D Department
n. department responsible for Research and Development of (new) products
reception
n. the place where visitors and clients report on arrival at a company
Sales Department
n. department responsible for finding customers and making sales
shareholder
n. person who holds or owns shares in or a part of a company or corporation
vice president (US)
n. any of several executive officers, each responsible for a separate division

 

Contracts Vocabulary

 

agreement.
n. an arrangement between two or more people, countries etc; contract
appendix
n. additional or supplementary material at end of contract, book etc
arbitration
n. settlement of a dispute by a person chosen by both parties
article
n. a particular statement or stipulation in a contract etc; clause
clause
n. a particular statement or stipulation in a contract etc; article
condition
n. anything necessary before the performance of something else
express
express terms are those that are explicitly agreed, either in writing or orally. (flexible)
force majeure
n. superior, power; unforeseeable event excusing one party from fulfilling contract
fulfil
v. to satisfy a condition; to complete the required task;
herein
adv. in here; in this (document etc)
hereinafter
adv. in the following part (of this document etc)
hereto
adv. to this (document etc) [eg: attached hereto]
heretofore
adv. up until now; until the present; before this
implied
terms included without specifically being stated e.g. Sale of Goods Act (legal requirements)
null and void
invalid; without legal force; not binding
on behalf of
in the interests of (person etc); for (person etc)
on the one hand
on one side - on the other hand on the other side
party
n. the person or persons forming one side of an agreement
stipulate
v. to specify as an essential condition
terms
n. conditions or stipulations
warrant
v. to give formal assurance; to guarantee
whereas
conj: it being the case that; in view of the fact that [in introduction to contracts]

 

Employment Vocabulary

 

bonus
n. additional pay given to employee as incentive or reward
curriculum vitae (UK)
n. short account of one’s education, career etc US - resume
dismiss
v. to remove or discharge from employment; to sack US - to fire
employer
n. person or firm who employs people - employee n. person employed
interview
v. an oral examination of an applicant for a job
make redundant
v. [made] to dismiss because of not being needed
maternity leave
n. period of absence from work (for a woman) when having a baby
notice
n. advance warning of intention to resign - to give or tender one’s notice v.
perk
abbr. perquisite; something additional to regular salary [eg: free meals; a car]
personnel
n. the people who work for a firm
personnel officer
n. manager responsible for recruitment, training and welfare of personnel
promotion
n. advancement in rank or position - to promote v.
prospects
n. opportunity for success, promotion etc
recruit
n. to look for and employ personnel
resign
v. to give up a job - letter of resignation n.
retire
v. to leave employment, esp. because of age - retirement n.
salary
n. a fixed, regular payment, usually monthly, made by employer to employee
staff
n. the people who work for a firm or a particular department; employees
take on
v. [took, taken] to employ; to hire

 

Law Vocabulary

 

barrister
n. a lawyer who pleads before a superior court
brief
n. instructions to a barrister (from a solicitor)
case
n. statement of the facts in a trial, esp. the argument of one side
contract
n. a formal agreement, usually in writing, between two or more parties
court of law
n. the place where law cases are hear and decided; court - courtroom n.
evidence
n. information presented to a court to prove or support a point in question
guilty
adj. responsible for wrong; culpable - guilt n. not guilty adj.
judge
n. public official with authority to hear and decide cases in a court of law - also v.
jury
n. a group of people chosen to hear the evidence of a case and give a decision
lawsuit
n. a trial at court between two private parties
lawyer
n. a person trained in law and who advises or represents others
plead
v. 1 to defend a law case 2 to declare oneself to be guilty or not guilty - plea n.
sentence
n. 1 decision of a court, esp. as to the punishment 2 the punishment - also v.
solicitor
n. lawyer advising clients & briefing barristers
sue
v. to start legal action against someone in a court of law - lawsuit n.
sum up
v. to summarise & review the evidence of a case [said of a judge] - summing up n.
trial
n. a formal examination of a case in a court of law - to try v.
verdict
n. the formal decision or finding of a judge or jury
without prejudice
without detriment or damage to a legal right or claim

 

Marketing Vocabulary

 

brand
n. a particular make of product - to brand v. - branded adj.
consumer
n. the person who buys and uses a product or service - to consume v.
cost
v. [cost, costed, costed] to estimate the price of making a product - costing n.
develop
v. to create a new product or improve an existing one - product development n.
distribution
n. the delivering of products to end-users, inc. advertising, storing etc
end user
n. the person, customer etc who is the ultimate (and so real) user of a product
image
n. the concept or perception of a firm or product held by the general public
label
n. small piece of paper, metal etc on a product giving information about it
launch
v. to introduce a new product, with publicity etc - product launch n.
mail order
n. the selling of goods by post - mail-order catalogue n.
market research
n. study of consumers’ needs & preferences, often for a particular product
packaging
n. the wrapping or container for a product
point of sale
n. the place where a product is actually sold to the public
product
n. something made to be sold; merchandise [includes services] - to produce v.
public relations
n. creation and maintenance of a good public image - public relations officer n.
registered
adj. registered or officially recorded as a trademark
sponsor
n. firm supporting an organisation in return for advertising space
S.W.O.T
abbr. Analysis tool - Strength, Weaknesses, Opportunities, Threats
total product
n. the whole product, inc. name, packaging, instructions, reliability, after-sales etc
trademark
n. special symbol, design, word etc used to represent a product or firm