Business Words You Should Know: From accelerated by H. Dean McKay
By H. Dean McKay
"Do you recognize what Accounting Noise is? How approximately Illiquid? Bricks and Clicks? Any inspiration what GAAP, LBO, RFP, or SOW stand for? let's accept it: you cannot continue to exist the company jungle this present day except you converse the language. it is time to learn!
With this easy-to-use, easy-to-understand consultant, you will:
Set up in dictionary type, Business phrases you want to Know good points not just definitions, but in addition deals pattern sentences and related phrases for every access, in addition to lists of acronyms and customary company strategies. no matter if you are looking for a role or are already within the thick of ultra-modern problem company atmosphere, you are going to converse the language of the professionals very quickly!
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Extra info for Business Words You Should Know: From accelerated Depreciation to Zero-based Budgeting - Learn the Lingo for Any Field
The company sold 20 percent of its shares to a group of investors, thus creating a closely held corporation instead of having to go public. See also: Closed Corporation, Corporation, Stockholder or Shareholder Closing Actions and procedures required to effect the successful conclusion of a business transaction; consummation of the sale; in accounting, when the books are summarized into financial statements for a specific time frame and no further entries are allowed for this period. The buyers had to bring the rest of the down payment and the brokers’ fees to the closing of the real estate deal.
See also: Commitment, Goals, Leadership, Motivation, Teams Buy-Sell Agreement Provisions for selling a business that are usually agreed upon by business associates, setting terms for which associates can buy out the others. When the senior partner brought in a junior partner, they signed a buy-sell agreement to cover transfer of the business when the older man retired. See also: Agreement, Partnership, Stockholder or Shareholder Buyer A person whose work is purchasing merchandise for resale; a firm or group that buys another business, product, or service.
Under state and federal regulations, the term “offer” is broader than the common law definition. See also: Business Literacy, Mediation Common Stock Shares that represent the ownership interest in a corporation; common stockholders are allowed to vote on company initiatives and are distributed dividends. The corporation offered 100 shares of common stock as part of its signing package for new employees. See also: Preferred Stock, Security, Stockholder or Shareholder Communication The flow of information and meaning between two or more people or organizations so that all concerned parties have an equal understanding.