Business and Office: English Vocabulary List

a company or group of people that are considered as a single unit by law

"She is the CEO of a multinational corporation."

"The large multinational corporation has offices in over fifty different countries around the world."

someone who is in charge of a company, organization, etc., for the long term

"The chairman spoke first."

"The chairman of the board called the meeting to order and asked the members to vote on the proposed budget for the next fiscal year."

a person who starts a business, especially one who takes financial risks

"The entrepreneur is ambitious."

"The entrepreneur started a company and built it from a small idea."

someone whose job is to keep records and do the routine tasks in an office, shop, etc.

"The clerk was helpful."

"The store clerk helped the customer find the right size shoe and then went to the stockroom to check if they had other colors available."

the money that is regularly earned from a job or through an investment

"She has a steady monthly rental income."

"Disposable income is the amount of net income a household has available for spending and saving after all compulsory income taxes have been accounted for."

the arrangement with an institute or agency according to which they guarantee to make up for the damages in the event of an accident or loss

"Car insurance is required by law."

"Car insurance is required by law in most states and driving without it can result in heavy fines."

the act of gathering information about what people need or buy the most and why

"Market research is useful."

"The company conducted market research to understand what features customers wanted in a new smartphone before they started designing the product."

to supply money for a special purpose

"The government funds research."

"The government agreed to fund the research project because it had great potential for medical advances."

to produce products in large quantities by using machinery

"The factory manufactures car parts."

"The factory was built to manufacture car parts for several major automotive companies around the world on a large scale."

to cover the costs of a project, TV or radio program, activity, etc., often in exchange for advertising

"Businesses sponsor events."

"The large corporation decided to sponsor the local football team to improve its public image in the community."

the difference between the earnings and the costs in a business

"The profit margin is high."

"The company improved its profit margin after reducing costs."

an individual, institution, etc. that owns shares or stocks in a corporation

"The stockholder owns shares."

"Each stockholder received a dividend payment of two dollars per share after the company announced record profits for the third quarter."

the illegal acts done to pay less tax than what is owed or to avoid paying taxes altogether

"He committed tax evasion."

"The wealthy businessman was charged with tax evasion for hiding millions in offshore accounts."

the act of transporting goods

"The shipment arrived today."

"The timely shipment of medical supplies was crucial for the disaster relief effort."

the amount of money that one has kept for future use, especially in a bank

"She has good savings."

"They are building up their savings to buy a house next year."

having a large amount of money or valuable possessions

"They are a wealthy family."

"The wealthy family donated millions of dollars to build a new hospital in the poor neighborhood where they grew up together."

the money that is paid to a professional or an organization for their services

"The membership fee is fifty dollars."

"The university charges a high tuition fee each semester plus additional fees for laboratory courses."

the act of giving money to someone or something and expecting it to be returned

"Lending can be risky."

"The bank's primary business is lending money to individuals and corporations."

the highest-ranking person in a company

"The CEO leads the company."

"The chief executive officer announced a new strategic direction for the company."

a business or organization that provides services to other parties, especially by representing them in transactions

"The agency helped."

"The agency arranged the trip and answered all the questions."

a group of people with the power to make decisions for an organization or company

"The board meets often."

"The board of directors will convene next week to discuss the company's future strategy."

a document ordering the bank to pay a specific amount of money to someone

"Write a bank draft."

"He presented a draft to the bank for the payment of the large invoice."

to enter or make an official arrangement with someone

"We contract a builder."

"The company decided to contract the services of a new marketing agency for their upcoming campaign."

to create a company or organization with the intention of running it over the long term

"They establish a new charity."

"The organization was established more than fifty years ago to help homeless people find shelter and food."

to create or establish an organization or place, especially by providing the finances

"He founds a company."

"The university was founded in eighteen eighty five by a group of wealthy philanthropists and educators."

to start an organized activity or operation

"We launch the new product."

"The company plans to launch a groundbreaking marketing campaign next quarter."

to send goods or individuals from one place to another using some form of transportation

"The company ships products."

"The company will ship your order within two business days after receiving payment confirmation from the bank."

an organized plan made to achieve a goal

"We need a new strategy."

"The marketing team developed a comprehensive strategy to increase brand awareness and drive sales for the upcoming quarter."

a formal arrangement where two or more individuals, organizations, etc. come together as partners to achieve a goal, typically in business

"The partnership was successful."

"The business partnership between the two companies led to increased sales and helped both firms enter new international markets successfully."

an organization formed by workers, especially in a particular industry, to protect their rights and improve their working conditions

"The union fought hard."

"The labor union successfully negotiated for better wages and improved working conditions for its members."

a very large sum of money

"She made a fortune."

"After years of hard work and smart investments, he finally amassed a considerable fortune."

to have a decrease in price, temperature, etc.

"Prices will come down."

"We are hoping the high temperatures will finally come down next week."

to have the amount of money needed to buy necessities

"They live on little."

"Many elderly people struggle to live on their small pensions alone."

to give the full amount of money owed on a debt or loan

"He will pay off debt."

"They worked extra hours to pay off their mortgage early."

to keep or save money, time, etc. for a specific purpose

"Set aside money now."

"It is wise to set aside a portion of your income for emergencies."

the act of reducing the usual price of something

"A big discount today."

"Shoppers eagerly awaited the store's annual sale, hoping for a significant discount on electronics."

having a higher status or rank than someone else within an organization, profession, or hierarchy

"She is the senior manager."

"The senior partner in the law firm has over thirty years of experience and a respected reputation."

lower in rank or position compared to someone else wthin a work environment

"She is junior."

"As a junior associate, he was eager to learn from his more experienced colleagues."

to deliver a speech to a group of people

"He will speak now."

"The keynote speaker is scheduled to speak about the future of artificial intelligence."