Glossary II

conglomerate

a large business organisation consisting of several different companis that have joined together

consensual(adj)[only before a noun]

agrrements plans or actions are ones in whoch all the people involved agree with what is being done

consensus

agreement among a group of people

consumer

a person who buys goods, products and services for their own use, not for business use or to resell

contract

a formal written agreement between two or more people or groups which says what each must do for the other, or must not do

control

If sb has control of a company, they own more than half its shares, por enough shares to be able to decide how the company is managed 2an action taken to make sure that something does not increase too much

convertible bond

a bond that can be repaid by a company inj the form of shares in the company

corporate

relating to a company usually alarge one, or business in general

credit(n)

an arrangement with a bank for a loan or bank lending in general 2 an arrangement with a shop, supplier, etc. to buy sth now and pay for it later

credit crunch(n)

when borrowing money becomes difficult because banks are fporced to reduce the amount they lend

creditor

a person or a business to whom another person/business owes money

damage

a bad effect on sth that makes it weaker or less successful

damages

money that a court orders sb to pay to sb else for harming them or their property, or causing them financial loss

deadline

a date or time by which you have to do or complete sth

debt

the state of owing money 2money that one person, organisation, country etc. owes to another 3capital borrowed by a business or government on which it pays interest

debtor

a person, organisation or a country that owes money

deceive

to make sb believe sth that is not true in order to get what you want

decline (v,n)

If sales profits, production etc. they become less

default

to fail to pay money that you owe at the right time

delivery

the act or process of bringing goods, letters etc. to a particular place or person

demand

the total amount of a type of goods or services that people or companies buy in a particular period of time 2 the total amount of a type of goods or services that people or companies that people or companies would buy if they were available

deregulate

to remove or to reduce the number of government controls on a particular business activity, done to make companies work more effectively and to increase competition.

devolve

to give wok, responsibilityu or power to someone at a lower or more local level

differentiate

when a company differentiates its products, it shows how they are different from each other and from competing products

diligence

care that someone in position of responsibilty takes with their work

discount

a reduction in the cost of goods or services ir relation to the normal cost

distribution

the action involved in making goods available to customers after they have been produced, either one that sells directly to the public or to other shops

distributor

a person or business responsible for making goods available to customers after they have been produced, either one that sells directly to the public or to other shops

diversify

if a company or economy diversifies it increases the range of goods or the services it produces 2to start to put your money into different types of investements you already have

divest

if a company divests assets, it sells them, because it needs cash for another activity such as repaying a debt

dividend

a payment of a part of a company's profit to a shareholder 2a part of the profits of a company for a particular period of time that is paid to the shareholders for each share that they own

domestic market

the country you live in or where a company is based, seen as a place where goods or sevices can be sold

draft

a document or a piece of writing that has to be checked and possibly changed, and so is not yet in its final form

downturn

the part of the oconomic cycle when prices or the value of stocks/shares fall

earn

to be paid money for the work you do

earnings

the profit that a company makes in a particular industry or economy in a particular period of time

edge

if a person, company or country has an edge over others, they are more successful, profitable etc. because they have the advantage that the the others do not have

emerging

countries especially those in Asia Africa and South America that are just starting to have influence or power in trade, finance 2in an early state of development

empower

to give a person or an organisation the power or the legal right to do sth

empowerment

when workers in a company are given more responsibility by being allowed to organise their own work, make decisions without asking their managers

entrepreneur

somone who starts a company, arranges business deals and takes risks in order too make a profit

equity

the capital that a company has from shares rather than from loans

equity capital

capital in the form of shares, not debt

equity stake

when a company or organisation owns shares in a company

exceed

to go beyond an official or legal limit

exchange

the activity of buying and selling currencies

exchange rate

the price at which one currency can be bought with another

expand

to become larger in size, amount or number, or to make sth larger in size amount or number 2If an economy, industry or business activity expands, it gets bigger or more successful

expansion

when an industry or company becomes bigger or more successful