Office and Business Terminology

Vocabulary flashcards for business and office terminology

Administrative assistant

An employee who performs a variety of office tasks to support the management.

Binder

A hard cover with three rings inside used to hold papers together.

Bottom out

To reach the lowest value.

Clerk

A full-time employee who does general office tasks and other clerical work.

Credit card

A plastic card that bills money to an account when used.

Direct deposit

A service that pays money directly to an account.

Executive

A senior member of a company who holds an upper management position.

File cabinet

A large set of drawers in which files can be stored and organized.

Janitor

An employee responsible for cleaning and waste disposal.

Landline

A phone line that travels over the ground.

Legal pad

A bound writing tablet with lined paper that is 8 1/2” by 14”.

LLC (limited liability company)

A business structure in which owners are only partially liable for the business’s debts.

Minimum wage

The lowest pay that employers can legally pay employees.

Non-profit organization

A company that uses surplus revenue for the good of the company rather than for individual profit.

Overdraft

An amount of money removed from an account that was beyond the total value of the account.

Savings account

A financial account that allows deposits to be held and earn interest.

Sole proprietor

A person who owns a business and is solely responsible for the company’s debts.

Stock options

Benefits that allow employees to purchase company stocks at a discounted price.

Toner

The powdered ink that a copier uses to make copies.

Withdrawal

The act of taking money out of an account.