BUSINESS

DICTIONARY
Dictionary on terms
in Business
 CONTENT
G-H
01 INTRODUCTION 08
I-J
02 TABLE OF CONTENTS 09
K-L
03 A-B 10
M-N
04 B-C 11 O-P

05 C-D 12 Q-S

06 D-E 13 T-U

07 E-F 14 V-W
X-Y
 A-B Accounting Agenda
Accounting
The process or work of A list of items to be
keeping financial accounts. discussed at a formal
Accountant meeting
A person whose job is to keep, inspect, and analyse
financial accounts.

Business
An enterprising entity or organization that carries out
professional activities.
 Buy CEO
The act of receiving The primary person responsible for managing a
exchange for payment. company is sometimes also the company's president or
chairman of the board.

Comporment
B-C
The manner of behaving or conducting oneself, bearing Cost
Require the payment before
it can be acquired or done.
 C-D COMMAND ECONOMY
CONGLOMERATE

IN A COMMAND ECONOMY, THE

A CONGLOMERATE IS A
CENTRAL GOVERNMENT DICTATES THE
COOPERATIVE LEVEL OF PRODUCTION OF GOODS CORPORATION MADE UP OF
AND CONTROLS THEIR DISTRIBUTION SEVERAL DIFFERENT,
CO-OPS ARE DEMOCRATICALLY CONTROLLED BY
AND PRICES. INDEPENDENT BUSINESSES.
THEIR MEMBER-OWNERS, AND UNLIKE A
TRADITIONAL BUSINESS EACH MEMBER GETS A
VOICE IN HOW THE BUSINESS IS RUN.

DEBIT
CREDIT
A DEBIT IS A RECORD OF THE
THE ABILITY OF A CUSTOMER TO OBTAIN GOODS OR
MONEY TAKEN FROM YOUR BANK
SERVICES BEFORE PAYMENT, BASED ON THE TRUST
THAT PAYMENT WILL BE MADE IN THE FUTURE ACCOUNT
 D-E Economic System
Debt AN ECONOMIC SYSTEM SERVES AS A
REGULATORY SYSTEM FOR
CONTROLLING DIFFERENT ASPECTS
DEBT MEANS THE AMOUNT OF OF PRODUCTION AND DISTRIBUTION,
MONEY WHICH NEEDS TO BE INCLUDING CAPITAL, LABOR, LAND
AND OTHER PHYSICAL RESOURCES.
REPAID BACK
 E-F EMPLOYER
EQUITY
A PERSON OR BUSINESS THAT REPRESENTS THE VALUE THAT
EMPLOYS ONE OR MORE WOULD BE RETURNED TO A
EMPLOYEE PEOPLE, ESPECIALLY FOR COMPANY’S SHAREHOLDERS IF
WAGES OR SALARY: ALL OF THE ASSETS WERE
LIQUIDATED.
A PERSON EMPLOYED FOR
WAGES OR SALARY, ESPECIALLY
AT NON-EXECUTIVE LEVEL.

FOREIGN EXCHANGE FRANCHISE

AN INSTITUTION OR SYSTEM FOR DEALING A FRANCHISE IS A TYPE OF LICENSE THAT GRANTS A
IN THE CURRENCIES OF OTHER COUNTRIES. FRANCHISEE ACCESS TO A FRANCHISOR'S
PROPRIETARY BUSINESS KNOWLEDGE
 Gilt

a bond with a low risk of

default and a low rate of

G-H
return

Gross profit
Holding
The gross profit of a company is the
a company used to direct
total sales of the firm minus the
investments in other
total cost of the goods sold.
companies and assets.
 Income Investment
The money that a person or entity An asset acquired or invested in to build
receives in exchange for their labor wealth and save money from the hard earned
or products. Income may have income or appreciation.

I-J
Joint account Junk bond
A bank or brokerage
account shared by two or a company used to direct
more individuals. investments in other
companies and assets.
 K-L KNOWLEDGEBASED
KEY LENDING RATE
A SUM OF SKILLS, EXPERIENCES, THE SPECIFIC INTEREST RATE
CAPABILITIES AND INSIGHT WHICH
THAT DETERMINES BANK
KEYSTONE YOU COLLECTIVELY CREATE AND RELY
LENDING RATES AND THE COST
ON IN YOUR BUSINESS.
A PRODUCT PRICING STRATEGY RETAILERS USE AS OF CREDIT FOR BORROWERS.
AN EASY RULE OF THUMB.

LIABILITIES
Limited Liability
THE LEGAL DEBTS A COMPANY
A TYPE OF BUSINESS STRUCTURE WHEREBY A
OWES TO THIRD-PARTY
COMPANY IS CONSIDERED A LEGALLY DISTINCT
BODY. CREDITORS.
 M-N MARKET DEMAND
MULTINATIONAL

IN A COMMAND ECONOMY, THE

ONE THAT HAS BUSINESS
CENTRAL GOVERNMENT DICTATES THE
MANAGEMENT LEVEL OF PRODUCTION OF GOODS OFFICES AND OPERATIONS IN
AND CONTROLS THEIR DISTRIBUTION TWO OR MORE COUNTRIES IN
AND PRICES. THE WORLD
THE RESPONSIBILITY FOR AND CONTROL OF A
COMPANY OR ORGANIZATION.

NEGOTIATION
NATIONAL DEBT
A PROCESS WHERE TWO OR MORE
THE TOTAL OUTSTANDING DEBT OF A CENTRAL PARTIES WITH DIFFERENT NEEDS AND
GOVERNMENT, COMPRISING OF INTERNAL AND
GOALS DISCUSS AN ISSUE TO FIND A
EXTERNAL DEBT, INCURRED IN FINANCING ITS
MUTUALLY ACCEPTABLE SOLUTION.
EXPENDITURE
 0-P OPPORTUNITY COST
PARTNERSHIP

THE VALUE OF THE NEXT-HIGHEST-

AN ASSOCIATION OF TWO OR
VALUED ALTERNATIVE USE OF THAT
OBTAIN RESOURCE MORE PEOPLE AS PARTNERS

: TO GAIN OR ATTAIN USUALLY BY PLANNED ACTION

OR EFFORT.

PUBLIC SECTOR
PRIVATE SECTOR
PORTION OF THE ECONOMY COMPOSED
THE PART OF THE ECONOMY THAT IS RUN BY OF ALL LEVELS OF GOVERNMENT AND
INDIVIDUALS AND COMPANIES FOR PROFIT AND GOVERNMENT-CONTROLLED
IS NOT STATE CONTROLLED ENTERPRISES
 Quality Quarterly Report
the standard of something a collection of financial documents
as measured against other that a company accumulates
things of a similar kind throughout a sales period.

Q-S
Sole trader Shareholder
a person who is the exclusive owner of a
business, entitled to keep all profits after tax a party that legally owns
has been paid but liable for all losses. shares of a company’s stock.
 T-U TAX HAVEN
TELEMARKETING

A COUNTRY OR PLACE WITH VERY THE MARKETING OF GOODS OR

TACTFUL LOW “EFFECTIVE” RATES OF SERVICES BY MEANS OF
TAXATION FOR FOREIGN INVESTORS
TELEPHONE CALLS

HAVING OR SHOWING SKILL AND SENSITIVITY

IN DEALING WITH OTHERS OR WITH DIFFICULT
ISSUES.

UNIT TRUST
UNEMPLOYMENT
A COLLECTIVE INVESTMENT FUND
THE NUMBER OF YOUTH WHO DID NOT WORK THAT IS PRICED, BOUGHT, AND SOLD IN
IN THE REFERENCE WEEK BUT ARE UNITS THAT REPRESENT A MIXTURE OF
AVAILABLE TO WORK. THE SECURITIES UNDERLYING THE
FUND.
 Value-added Volume
the difference between The number of units your company sells during a
the price of a product specific reporting period.
or service and the cost

V-W
of producing it.

Wholesaler
A person or company who sells products in bulk to various Wholesale
outlets or retailers for onward sale, either directly or . The payment made to an
employee for a specific
through a middleman. period, mostly hourly or
daily.
 Yield Year -end
how much income an the date that ends a one-year period for tracking
investment generates, business finances.
separate from the

Y-Z
principal.

Zero dollar account

A checking account in which a balance of $0 is Zombie acount
maintained. .
user accounts left with no
verifiable owner.
 For Successfully Completing My
Assignment I used the Following Sources
as Help:
https://www.vocabulary.com/lists/30556
Selfdevelopmentjourney.com
 AWKNOWLEDGEMENTS
CREATION OF PAGES : MALIKA WILSON

COLLECTION AND WRITING OF INFO:

ALYSSA-KAE, TASHOYA HAMILTON, JHANIELIA
LENNON AND MALIKA WILSON

WE THANK THEM FOR

THEIR CONTRIBUTION