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20
Business Vocabulary
EnglishClub.com
Company Structure
1
Accounts Dept.
n.
department responsible for administering a company’s financial affairs
2
A.G.M.
UK
abbr.
Annual General Meeting of a company’s shareholders
3
board of directors
n.
a group of people chosen to establish policy for and direct or control a
company
4
chairman
UK
n.
person who heads a Board of Directors; head of a company; chairperson
5
director
n.
a member of the board of directors
6
executive officer
US
n.
person who manages the affairs of a corporation -
chief executive
officer
n.
7
headquarters
n.
a company’s principal or main office or centre of control
8
manager
n.
person responsible for day-to-day running of a dept.; executive
officer
US
9
managing director
UK
n.
senior director after the chairman responsible for day-to-day direction
10
Marketing Dept.
n.
dept. responsible for putting goods on market, inc. packaging,
advertising etc
11
organisation chart
n.
a table or plan showing a company’s structure graphically
12
Personnel Dept.
n.
department responsible for recruitment and welfare of staff or
employees
13
president
US
n.
the highest executive officer of a company; head of a company
14
Production Dept.
n.
department responsible for physical creation of product
15
Purchasing Dept.
n.
department responsible for finding and buying everything needed by a
company
16
R & D Department
n.
department responsible for Research and Development of (new)
products
17
reception
n.
the place where visitors and clients report on arrival at a company
18
Sales Department
n.
department responsible for finding customers and making sales
19
shareholder
n.
person who holds or owns shares in or a part of a company or
corporation
20
vice president
US
n.
any of several executive officers, each responsible for a separate
division
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20
Business Vocabulary
EnglishClub.com
Contracts
1
agreement
n.
an arrangement between two or more people, countries etc; contract
2
appendix
n.
additional or supplementary material at end of contract, book etc
3
arbitration
n.
settlement of a dispute by a person chosen by both parties -
to arbitrate
v.
4
article
n.
a particular statement or stipulation in a contract etc; clause
5
clause
n.
a particular statement or stipulation in a contract etc; article
6
condition
n.
anything necessary before the performance of something else
7
force majeure
n.
superior, power; unforeseeable event excusing one party from fulfilling
contract
8
fulfil
v
: to satisfy a condition; to complete the required task; to fulfill
US
9
herein
adv
: in here; in this (document etc)
10
hereinafter
adv
: in the following part (of this document etc)
11
hereto
adv
: to this (document etc) [eg: attached hereto]
12
heretofore
adv
: up until now; until the present; before this
13
in behalf of
in the interests of (person etc); for (person etc); on behalf of
UK
14
null and void
invalid; without legal force; not binding
15
on the one hand
on one side -
on the other hand
on the other side
16
party
n.
the person or persons forming one side of an agreement
17
stipulate
v.
to specify as an essential condition -
stipulation
n.
18
terms
n.
conditions or stipulations
19
warrant
v.
to give formal assurance; to guarantee
20
whereas
conj: it being the case that; in view of the fact that [in introduction to contracts]
See also:
Law
Top
20
Business Vocabulary
EnglishClub.com
Employment
1
bonus
n.
additional pay given to employee as incentive or reward
2
curriculum vitae
UK
n.
short account of one’s education, career etc; CV
UK
; résumé
US
; resume
US
3
dismiss
v.
to remove or discharge from employment; to sack [colloq.]; to fire
US
4
employer
n.
person or firm who employs people -
employee
n.
person employed
5
fire
US
v.
[colloq.] to dismiss
6
interview
v.
an oral examination of an applicant for a job -
also
v.
7
make redundant
UK
v.
[
made, made
] to dismiss because of not being needed -
redundancy
UK
n.
8
maternity leave
n.
period of absence from work (for a woman) when having a baby
9
notice
n.
advance warning of intention to resign -
to give or tender one’s notice
v.
10
perk
abbr.
perquisite; something additional to regular salary [eg: free meals; a
car]
11
personnel
n.
the people who work for a firm
12
personnel officer
n.
manager responsible for recruitment, training and welfare of personnel
13
promotion
n.
advancement in rank or position -
to promote
v.
14
prospects
n.
opportunity for success, promotion etc
15
recruit
n.
to look for and employ personnel -
recruitment
n.
16
resign
v.
to give up a job -
letter of resignation
n.
17
retire
v.
to leave employment, esp. because of age -
retirement
n.
18
salary
n.
a fixed, regular payment, usually monthly, made by employer to
employee
19
staff
n.
the people who work for a firm or a particular department; employees
20
take on
v.
[
took, taken
] to employ; to hire
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20
Business Vocabulary
EnglishClub.com
Import/Export
1
bill of lading
n.
list of goods and shipping instructions; waybill
2
c.&f.
abbr.
cost & freight: includes shipping to named port but not insurance
3
c.i.f.
abbr.
cost, insurance & freight: includes insurance and shipping to named
port
4
cargo
n.
goods or products that are being transported or shipped
5
certificate of origin
n.
a document that shows where goods come from
6
container
n.
huge box to hold goods for transport -
container port
n.
to containerise
v.
7
customs
n.
1
government tax or duty on imported goods
2
the people who collect this
tax
8
declare
v.
to make a statement of taxable goods -
customs declaration form
n.
9
f.a.s.
abbr.
free alongside ship [includes delivery to quayside but not loading]
10
f.o.b.
abbr.
free on board: includes loading onto ship
11
freight
n.
goods being transported; cargo
12
irrevocable
adj.
that cannot be undone; unalterable -
irrevocable letter of credit
n.
13
letter of credit
n.
a letter from a bank authorising a person to draw money from another
bank
14
merchandise
n.
things bought and sold; commodities; wares - also
v.
15
packing list
n.
a document that is sent with goods to show that they have been checked
16
pro forma invoice
n.
an invoice or request for payment sent in advance of goods supplied
17
quay
n.
a solid, artificial landing place for (un)loading ships; wharf -
quayside
n.
18
ship
v.
to send or transport by land, sea or air -
also
n.
shipment
n.
19
shipping agent
n.
a person acting for or representing a ship or ships at a port
20
waybill
n.
list of goods and shipping instructions; bill of lading -
air waybill
n.
Top
20
Business Vocabulary
EnglishClub.com
Insurance
1
actuary
n.
a person who calculates risks for insurance companies
2
assessor
n.
a person who calculates the value of something [eg: a building, car etc]
3
claim
n.
an application for payment under an insurance policy -
to make a claim
v.
4
comprehensive
n.
[of an insurance policy] all-inclusive; providing complete protection
5
consequential loss
n.
a loss that happens as a consequence of or as a result of another
6
cover
UK
n.
the protection given by an insurance policy [eg: public liability cover]
7
employer’s liability
n.
liability or responsibility of a firm for damage caused to one of its
employees
8
goods in transit
n.
property, merchandise or any goods in the process of being transported
9
insurance broker
n.
agent who arranges insurance; middleman between insurer & policyholder
10
liability
n.
1 the state of being liable 2 anything for which a person is liable
11
liable
adj.
legally obliged to pay for damage, injury etc; responsible -
liability
n.
12
loss
n.
death, injury, damage etc that is the basis for a claim -
to lose
v.
13
loss adjuster
n.
a person who assesses the amount of compensation arising from a claim
14
policy
n.
a contract of insurance [eg: a product liability policy]
15
policyholder
n.
the person to whom an insurance policy is issued
16
premium
n.
a payment, usually monthly, yearly etc, for an insurance policy
17
product liability
n.
liability or responsibility of a firm for damage caused by one of its
products
18
public liability
n.
responsibility of a firm for damage caused to a member of the public
19
reinsurance
n.
the insuring of a risk by one insurance company with another -
to
reinsure
v.
20
risk
n.
1
chance or possibility of injury, loss etc
2
person or thing causing risk