Business Dictionary for 21st century

In Business Dictionary you can find all the definitions of the terms used in the business world.
Business Dictionary has a database with over 27,000 terms.
Here you have all the information and definitions to understand the business world of the 21st century.

Some terms highlighted in our dictionary

Investment Adviser
Firm or professional who sells expert opinion or buy-sell recommendations on a particular type of...
Budget Adoption
Formal process through which the governing or managing body of an organization approves a budget.
Average Outgoing Quality
In quality control, expected average quality of outgoing product for a given value of incoming...
Machine Code
Programming code written in a machine language that can be executed directly by a machine...
Private Carrier
Firm that uses its transportation equipment (aircraft, ships, and/or trucks) primarily for transporting its own...
Flat Commission
A standard commission that is paid to the insurance agent no matter what kind of...
Lloyd's Of London (Lloyd's)
Oldest and most famous syndicate of insurance underwriters and brokers. The underwriters (numbering about 20,000)...
Remanufacturing
Rebuilding, repairing, and restoring an equipment or instrument to meet or exceed Original Equipment Manufacturer’s...
Strategic Business Plan
Internal document that (1) outlines an organization’s overall direction, philosophy, and purpose, (2) examines its...
Oxygenate
Ethanol, methanol, methyl tertiary butyl ether (MTBE) and other such chemicals which increase the amount...
Six Sigma Project
A business process that has been broken into components with the expectation of improvement within...
Adjunct Account
The place where an increased face value of an asset is recorded. An asset that...
Budget Airline
That uses charter and/or scheduled flights to offer bargain-basement fares. Budget airlines usually land at...
Inventory Accumulation
. Real Estate: number of houses sold compared to the number of homes available for...
Buying In
Alternative term for buy in.
Intermediary
Firm or person (such as a broker or consultant) who acts as a mediator on...
Mailmerge
Facility provided by most word processing program whereby a form-letter can be sent to many...
Allowable Order Cost
Amount that may be spent on persuading a prospect or customer to make a purchase...

Latest blog posts

How to Finance a Short Sale

How to Finance a Short Sale

A short sale is a real estate transaction for the purchase of a home before a bank forecloses on it. Short sales allow the owner of the home to sell…
Managing Small Business Growth

Managing Small Business Growth

Small business owners generally love the word “growth” since when used in relation to a business, it usually means success. A growing business is a thriving business, or so most…
What is a Sole Proprietorship?

What is a Sole Proprietorship?

With more than 17 million operating in the United States, nearly 70 percent of businesses operate as sole proprietorships. In addition to the relative simplicity compared to large corporations, opening…
How to Discuss Career Setbacks in an Interview

How to Discuss Career Setbacks in an Interview

At some point or another, most of us have experienced setbacks in our career. These setbacks might instantly make you feel nervous about your interview, but it is important to…
How to Fine Tune Your Resume

How to Fine Tune Your Resume

The details on your resume will ultimately decide whether you get invited for an interview or not, so it is vital that you get it right. When applying for a…
How Can Young Women Develop a Leadership Style?

How Can Young Women Develop a Leadership Style?

Women form an equally important part of the workforce as men but are woefully underrepresented in the upper echelons of management. According to a report in the Washington Post, the…