Glossary

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beverage
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a drink
debt
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an amount of money that you owe
dividend
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a share of the profits of company, paid once or twice a yearto the people who own the company’s shares
equities
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company shares that can be bought or sold on a stock market
limited company
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a company whose owners are legally responsible for only a limited amount of its debts
mining
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the process of getting coal or metal from under the ground
proprietorship
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a business structure in whichan individual and his/her company are considered a single entityfor tax and liability purposes
public limited company
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a company in which people can invest their money; it has ‘plc’ at the end of its name
real estate
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the business of buying and selling land and property
retail
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the sale of goodsdirectly to the public for their own use
share
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one of the equal parts of a companythat you can buy as a way of investing money
sole trade
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a business structure in whichan individual and his/her company are considered a single entity for tax and liability purposes
third-party
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adjective relating to a preson or organization that is not one of the two main people or organizations involved in legal agreement or case
utility
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a public servise such as gas, water or electricity
vendor
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a company or person that sells a particular product or service
bear market
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a situation in the stock market in which the prices of shares are falling
bond
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a document given to someone who invests money in a government or compan, promising to pay back the money with interest
bottom
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to reach the lowest point
breakeven
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the point at which a business operation no longer loses money and can begin to make profit
bull market
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a situation in the stock market in which the prices of shares are rising
euphoric
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adjective feeling extremely happy, usually for a short time only
greater fool investor
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an investor who buys at a high price believing there will always be someone they can sell to at an even higher price
innovator
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someone who invents or begins using new ideas, methods, equipment, etc
peak
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the time when something is at its highest position
plunge
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to fall quickly from a high position
recesion
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a period when trade and industry are not successful and there is a lot of unemployment
staple
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an important product, especially a food that people eat or use regularly
trough
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a period when something that rises and falls regularly is at a low level, especially economic activity
value investor
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an investor who buys stocks they belive that market has undervalued
cost of goods sold
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an income statement figure which reflects the cost of obtaining the raw materials and of producing the finished goods that are sold to customers
fixed cost
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cost such as rent that a company has to paythat does no depend on how much it produces
operating profit
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the profit that a company make from its normal activities of selling goods or services
plot
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to mark point on a graph b
recomended retail price (RRP)
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the price at which a manufacturer of a product suggests it should be sold on the retail market
record label
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a company that produces records
royalty
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a payment that someone such as a writer or musician gets each time their work is sold or performed
sales revenue
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income earned from selling products or services
turnover
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the value of the goods and services that a company sells in a particular period of time
variable costs
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a cost that changes according to how much of a product is made
wholesaler
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someone whose job is to sell large quantities of goods to shops or small businesses
achieve
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to succes in doing or having what you planned or intended, usually ofter a lot of effort
budget
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the ammount of money a person or organization has to spend on something
deal with
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to take action to do something, especially to solve a problem OR to buy goods or services from someone, or to sell them to someone
handle
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to tale action in order to deal with a difficult situation
liaise
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if one person liaises with another, or if people liaise, they talk to each other and tell each other what they are doing, so that they can work together effectively
manage
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to organize and control the work of company, organization, or group of people
objective
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something that you plan to achieve, especially in buisness or work
reference
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a statement from someone who knows you or has worked with uou that gives information about you; you often need to provide a reference when you apply for new job
set up
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to start something such as a business, organization, or institution
cap
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to set a limit on the amount of money that someone can spend or charge
earnings
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the amount of money that you earn

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