Money paid by the day or the hour, usually received weekly
Overtime
Money received for working extra hours
Commission
Money paid to salespeople and agents – a certain percentage of the income the employee generates
Bonus
Extra money given for meeting a target or for good financial results
Fees
Money paid to professional people such as lawyers and architects
Social security
Money paid by the goverment to unmployed and sick people
Pension
Money paid by a company or the government to a retired person
Living expenses
Money spent on everyday needs such as food, clothes and public transport
Bills
Requests for the payment of money owed for services such as electricity, gas and telephone connections
Rent
The money paid for the use of a house or flat
Mortgage
Repayments of money borrowed to buy a house or flat
Health insurance
Financial protection against medical expenses for sickness or accidental injuries.
Tax
Money paid to finance government spending
Revenue
All the money coming into a company during a given period
Shareholders
The people who invest money in shares
personal finance
All the money a person receives or earns as payment is his or her income
Debt
Money that is owed that will have to be paid to other people or business
Dividend
(A part of) the profit of a company that is paid to the people who own shares in it
Financial statement
Companies gives information about their financial situation
Balance sheet
Statements for shareholders and creditors
Budget
Plan to show how much money a person or organization will earn and how much they will need or be able to spend
Brand Name
Something valuable which a company possesses which is not material, such as a good reputation
Share Premium
Money made if the company sells shares at above their face value
Accrued Expenses
Expenses that have accumulated or built up during the accounting year but will not be paid until the following year, after the date of the balance sheet
Trade Mark
A name or symbol that is put on a product to show that is made by a particular producer and which cannot legally used by any other producer
Operations
Means making money by selling goods and services
Investing
Is spending cash, for the business’s future growth, including cash acquired by selling assets
Financing
Involves raising money by issuing stocks and bonds
Increase
To make or become larger in amount, number, or degree
Decrease
Become less in size, amount, strength, or quality
Bottom
The lowest part of something
Fluctuate
Change continually or frequently
Balance of trade
Countries that export a lot of oil or manufactured goods tend to have a positive
Quota
A limit to the quantity of goods that can be imported
Visible trade
The import and export of goods
Surplus
A country exporting more than it imports has a trade
Deficit
A country that imports more goods than exports
Visible trade
The import and export of goods
Protectionism
Attempting to reduce imports in favour of local production
Free trade
People and companies should be able to buy goods from all countries
Imports
Are goods or services from a foreign country
Exports
Are goods or services sold to a foreign country
Commercial invoice
Contains details of the goods e.g. quantity, weight
Ex Works
Means that the buyer collects the goods at the seller’s own premises
Free Carrier
Means that the goods to a named place where the carrier can load them onto a truck, train or aeroplane
Free on Board
Means that the seller pays for loading the goods onto the ship
Source: MacKenzie. I. (2006). Professional english in use. Cambridge: C.U.P. Longman Dictionary of Contemporary English
Glossary of Commerce, Finance and Shipping
(e.g. euro, dollars )
All the money a person receives or earns as payment is his or her income
Source:
MacKenzie. I. (2006). Professional english in use. Cambridge: C.U.P.
Longman Dictionary of Contemporary English