Hi there, I'm Parfait Disashi. I'm switching to business administration after two years of studying Social Science at Ahuntsic College to improve my managerial and financial abilities. I made this glossary as a useful tool for students, business professionals, and entrepreneurs who want to learn 20 essential terms in finance and business. A precise definition, an audio pronunciation, a real-world example, and, occasionally, an image aid are all included for each term to help with comprehension.
budget
noun
An estimate of income and expenditure for a set period of time.
Example: The budget for the project was a million pounds.
en: budget
business
noun
A person's regular occupation, profession, or trade.
en: enterprise
affaires
capital
noun
Wealth in the form of money or other assets owned by a person or organization or available or contributed for a particular purpose such as starting a company or investing.
Example: Rates of return on invested capital were high".
en: capital
cash flow
noun
The total amount of money being transferred into and out of a business, especially as affecting liquidity.
en: flux monétaires
chain store
noun
One of a series of stores owned by one company and selling the same merchandise.
en: chaîne de magasins
contract
noun
A written or spoken agreement, especially one concerning employment, sales, or tenancy, that is intended to be enforceable by law.
en: contrat
debt
noun
Something, typically money, that is owed or due.
Example: I paid off my debts.
en: dette
deposit
noun
A sum of money placed or kept in a bank account, usually to gain interest.
Example: We've saved enough for a deposit on a house.
en: dépôt
dividend
noun
A sum of money paid regularly (typically quarterly) by a company to its shareholders out of its profits (or reserves).
en: dividende
down payment
noun
An initial payment made when something is bought on credit.
en: acompte
employee
noun
A person employed for wages or salary, especially at nonexecutive level.
en: employé(e)
expense
noun
The cost required for something; the money spent on something.
Example: We had ordered suits at great expense.
en: frais
export
verb
Send (goods or services) to another country for sale.
en: exportation
franchise
noun
An authorization granted by a government or company to an individual or group enabling them to carry out specified commercial activities, e.g., providing a broadcasting service or acting as an agent for a company's products.
Example: Toyota granted the group a franchise.
en: franchise
import
verb
Bring (goods or services) into a country from abroad for sale.
en: importer
insurance
noun
A practice or arrangement by which a company or government agency provides a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a premium.
en: assurance
investment
noun
The process of investing your money in an asset with the objective to grow your money in a stipulated time period.
en: investissement
invoice
noun
A list of goods sent or services provided, with a statement of the sum due for these; a bill.
en: facture
lend
noun
Grant to (someone) the use of (something) on the understanding that it shall be returned.
Example: Stewart asked me to lend him my car.
en: prêt
loan
noun
A thing that is borrowed, especially a sum of money that is expected to be paid back with interest.