Business Vocabulary

Flashcards for business vocabulary and abbreviations from lecture notes.

Securities

Shares and bonds

Commodities

Oil, metals, and farm products. Gold.

Currencies

Buying and selling the money of a particular country

Trade Surplus

When a country exports more than it imports

Inflation

When prices rise

Assets

Any item of value owned by a person or a company

Liabilities

Debts

Loan

The money lent to a borrower

Depreciation

When assets (machinery, equipment) lose their value

Shipping

Goods are sent to customer

Invoice

Document showing the amount of money you have to pay for something

Endorse

To express formal support or approval for someone or something; In banking: to sign your name on the back of a cheque

Appreciation

Recognizing or understanding that something is valuable or as described; growing in value

Balance

Equal state; the difference between the amount owed and the amount paid

A Quoted (or Listed) Company

A company that is listed in the national stock exchange

A Blue-Chip Company

A company or firm that is stable, with solid records, good reputation; a safe investment

VAT

Value Added Tax

WTO

World Trade Organization

HQ

Headquarters; head office

GDP

Gross Domestic Product

GNP

Gross National Product

B2B

Business to Business

B2C

Business to Consumer

B2G

Business to Government

AGM

Annual General Meeting

CEO

Chief Executive Officer

INCOTERMS

International Commercial Terms

CIF

Cost, Insurance and Freight

ISO

International Standards Organization

EXW

Ex Works (named place of delivery)

FCA

Free Carrier (named place of delivery)

CPT

Carriage Paid To (named place of destination)

CIP

Carriage and Insurance Paid to (named place of destination)

DAT

Delivered At Terminal (named terminal at port or place of destination)

DAP

Delivered At Place (named place of destination)

DDP

Delivered Duty Paid (named place of destination)

FAS

Free Alongside Ship (named port of shipment)

FOB

Free on Board (named port of shipment)

CFR

Cost and Freight (named port of destination)