my field of study vocabulary
my program vocabulary
Hi, my name is Raneem I have been studying Accounting and business management for 6 months. I decided to make this glossary to explain 20 most common words we use in this program in order to help future students to understand it.I founded those words when I started my first semester and did some search on the dictionary in order to find the best definitions.
- asset
- noun
- an item of property owned by a person or company, regarded as having value and available to meet debts, commitments or legacies
- Example: on Long Wave campaign. Radio 4 is a very precious ASSET of the BBC. Even a change in its schedule
- en: actif
- balance sheet
- noun
- A financial statement that summarizes a company's assets,liabilities and share holders equity at a specific point in time.
- Example: It is based on the presumed articulation between changes in BALANCE SHEET working capital accounts and accrued revenues and expenses on the income statement.
- en: bilan
- bankrupt
- noun
- When a person or organization declared in law is unable to pay outstanding debts.
- Example: One may wonder why easyJet performed so well, especially when so many other airlines went BANKRUPT.
- en: faillite
- broker
- noun
- A person who buys and sells goods or assets for others.
- Example: I called my broker for advice about investing in the stock market.
- en: courtière
- expenditure
- noun
- The action of spending funds.
- Example: To see the economy as a whole, income equals EXPENDITURE and also equals the value of output.
- en: dépense
- fixed costs
- noun
- Business costs, such as rent, that are constant whatever the quantity of goods or services produced.
- Example: Waltham's maximum capacity will also be met within roughly four years, so FIXED COSTS can be quickly spread across many units to reduce total unit cost.
- en: coûts fixes
- interest expense
- noun
- The amount allocated for interest payments made by a company.
- Example: The firm had an interest expense of 1.2 million in 2011.
- en: charges d'intérêts
- invoice
- noun
- A list of goods sent or services provided, with a statement of the sum due for these; a bill.
- Example: I received my invoice and there was no note about an upgrade.
- en: facture
- launch
- noun
- To introduce a new product into a market with advertisement or publicity.
- Example: He is planning to launch his business.
- en: lancement
- liability
- noun
- An obligation that legally binds an individual or company to settle a debt.
- Example: The union will have to repudiate it in order to escape LIABILITY.
- en: dettes
- liquid assets
- noun
- An asset that can easily be converted into cash in a short amount of time.
- Example: The ratio tells creditors how much of the company's short term debt can be met by selling all of the company's LIQUID ASSETS at very short notice.
- en: liquidités
- loan
- noun
- A sum of money that is expected to be paid back with interest.
- Example: He took a loan from the bank.
- en: prêt
- loss
- noun
- The result of selling assets for a price lower than the original purchase price.
- Example: The farm accounts will also need reviewing regularly to check that the business is not going to make a LOSS.
- en: perte
- management
- noun
- The process of dealing with or controlling things or people.
- Example: Business improved under the management of new owners.
- en: gestion
- management
- noun
- The process of dealing with or controlling things or people.
- Example: Business improved under the management of new owners.
- en: gestion
- margin
- noun
- The difference between a sale price and a cost.
- Example: Given that this higher customer MARGIN of 13.3% will make the customers happier and in return.
- en: marge
- mortgage
- noun
- a debt instrument that is secured by the collateral of specified real estate property and that the borrower is obliged to pay back with a predetermined set of payments
- Example: With so much owner-occupation there is a high level of MORTGAGE debt in the UK.
- en: hypothèque
- shareholder
- noun
- An owner of shares in a company.
- Example: Shareholders will get one new bonus share for each share held.
- en: actionnaire
- wholesale
- noun
- The selling of goods in large quantities to be retailed by others.
- Example: Warehouse clubs allow members to buy goods at wholesale prices.
- en: vente en gros
- withdraw
- verb
- Take money from a bank account.
- Example: They withdrew 100 dollars from a bank account after checking out of their hotel.
- en: retirer de l'argent
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