GLOSSARY ENGLISH FOR BUSSINES

JUAN ESTEBAN GUZMAN PARRA - 63211031

Dispatch The act of sending goods, a message, etc. to a place

Trading blocs Is a type of intergovernmental agreement
Blockchain A system in which a record of transactions, especially those made in a
cryptocurrency.
Coal black substance that is dug from the earth in lumps and used as a fuel
Raw Material A substance in its natural state that will be used to make something else in an
industrial process
Cattle Large farm animals kept for their milk or meat
Soybeans A type of bean grown esp. in Asia and the US, used as a food for people and
animals
Counter The place were customers go to be served or to buy goods in a store
Isolationism The political principle or practice of showing interest only in your own country
and not being involved in international activities
Abroad In or to a foreign country
Acquired To get something
Effort An attempt to do something
Approach A way of doing something
Unfathomable Impossible to understand
Scratch Score or mark the surface
Summon To order someone to come to or be present at a particular place
Prone Likely to show a particular characteristic, usually a negative one, or to be affected
by something bad
Reaches To arrive at a place, especially after spending a long time
Forecast A statement of what is judged likely to happen in the future, especially in
connection with a particular situation
Malfunctioning To fail to work or operate correctly
Stemmed A central part of something from which other parts can develop or grow
Claims To say that something is true or is a fact, although you cannot prove it
Key Very important and having a lot of influence on other people or things
Undergo To experience something that is unpleasant or something that involves a change
Enable To make someone able to do something, or to make something possible
Commitment A promise or firm decision to do something, or the fact of promising something
Councils A group of people who are responsible for making official decisions about a
particular activity or advising people about something
Containing To have something inside or include something as a part
Worldwide Existing or happening in all parts of the world
Settlement An official agreement or decision that ends an argument, often involving a
payment of money
Committees A small group of people chosen to represent a larger organization and make
decisions or collect information for it
Overall In general rather than in particular, or including all the people or things in a
 particular group or situation
Rulings An official decision, especially one by a judge, a court, or other authority
Pledge To make a formal promise to do something
Marketplace Place where a particular product or service is bought or sold, or the
conditions for buying and selling there
Franchising The business of selling people or companies the right to sell the products
or services of your company
Outsourcing Situation in which a company employs another organization to do some of
its work, rather than using its own employees to do it
Brands The name of a product produced or sold by a particular company:
Costs Money that has to be spent in order to buy, do, or make something
Branches Group of nerves that work together for a specific purpose, for example, the
facial nerve branches that control the muscles used to make different
expressions with the face
Profit Money that is earned in trade or business, especially after paying the costs
of producing and selling goods and services
Purchase Something that you buy
Ledger A book or a computer document in which a company's accounts are recorded,
especially the money it has spent and received
Tackled To try deal with something
Eager Wanting very much to do or have something
Proof A printed copy of something that is examined and corrected before they final
copies are printed
Yielding Soft substances or qualities that are yielding can bend
Counterfeit Made to look like the real thing, in order to trick people
Duties Something you do as part of your job or because of your position
MSMES Micro, small and medium-sized companies
Efforts The energy that you need to do something
Thinly With only a small number of people or things
Value added The amount by which the value of an article is increased at each stage of its
production, exclusive of initial costs.
Money laundering The crime of moving money that has been obtained illegally through banks and
other businesses to make it seem as if the money has been obtained legally
Export The business off sending goods to another country in order to sell them there.
Import To bring something into your country from another country for people to buy.
Surplus An amount of something that is more than you need.
Tariff An amount of money that has to be paid for goods that are brought into a country.
Protectionism The actions of a government to help its country's trade or industry by taxing
goods bought from other countries.
Quota A fixed limit on the amount of something that someone is allowed to have or is
expected to do
Bill of exchange A document, used especially in international trade, orders a person or
organization to pay a particular amount of money at a particular time for goods or
services.
Letter of credit A financial document in which a bank formally promises to pay a particular
amount of money into the bank of a person selling goods if the goods are
 delivered by an agreed date and in an acceptable condition. Buyers often use
letters of credit to buy goods from other countries
Expedite To cause something to be done more quickly
Consent Legal or official permission to do something
Settle To pay money that you owe
Dumping The practice of selling goods in another country so cheaply that companies in that
country cannot compete fairly
Shipment An amount of goods sent from one place to another, especially by ship
Owner Someone who legally owns something
Headquarters Place from where an organization is controlled
Risks Possibility of something bad happening
Infrastructure The basic systems, such as transport and communication, that a country or
organization
Holding Part of a company that someone owns
Warehouse Large building for storing goods that are going to be sold
Clique Small group of people who spend a lot of time together and are unfriendly to
people who are not in the group
Aside In a direction to one side
Enhancing To improve something
B2B Business-to-business
Payable Used for saying how or when an amount of money should be paid
Receivables Amounts owed by customers to a company at a particular time and not yet paid
Endorsement A statement made by someone in an advertisement, especially a well-known
person, saying that they use and like a particular product
Software-driven A type of software program that controls a hardware device.
Barter Exchange goods or services for other goods or services, without using
money
Somehow In a way which you do not know or do not understand
Globalization The increase of business around the world, especially by big companies
operating in many countries
Factoring A situation in which a company buys the right to collect payments and debts
owed to another company and charges for doing this.
Overseas In, from, or connected with another country or countries, especially across the sea
Goodwill The difference between the value of a company's assets and what profit it is
expected to make in the future, which is included in the price paid when it is
bought or sold.
Mobile banking The act of sending, receiving, or managing money using a mobile phone
Retailer The activity off selling goods to the public, usually in shops
Enforceable An enforceable law, rule, contract, etc. is one that people can be made to obey
Freight Goods that are transported by ship, aircraft, train, or truck, or the method of
transporting these goods
Carriage A vehicle with four wheels that is usually pulled by horses and was used mainly
in the past
Insurance An agreement in which you pay a company money, either in one payment or in
regular payments, and they pay your costs, for example, if you lose or damage
something, or have an accident, injury, etc.
Enable To make someone able to do something, or to make something possible
Shipments The movement of goods or industrial products from one place to another,
especially by ship
WCO´s World Customs Organization
Workload The amount of work that you must do
Clearance Permission from someone in authority
Liability That someone is legally responsible for something
Entail To make something necessary, or to involve something
B2C Business-to-consumer
Free trade zones A special area within a country where foreign companies can import materials,
manufacture goods, export products, etc. without being limited by the usual rules
and taxes
Struggling Unsuccessful but trying hard to succeed
Outdated Not modern enough
Meanwhile Until something expected happens, or while something else is happening
Furthermore In addition; more importantly
Gauge To make a judgment about something
Desire To want something, especially strongly
Citizens A person who is a member of a state or country, and has legal rights there
Arises To start to happen or exist
Hiring An act off starting to employ someone
Enterprises An organization, a company, or a business
Hire To employ someone in a permanent job
Staff All the people who work for a particular company or organization, or in a
particular place
Alliance A agreement too work with another person, organization, etc. to try to achieve the
same thing
License To give someone official permission to do or have something
Joint Ventures Business activity that is done by two separate companies working together
Mergers Arrangement in which two or more companies or organizations join
together
Acquisitions The process of learning or getting something
Align To change something so that it has a correct relationship to something else
Budgets A plan that shows how much money an organization expects to earn and spend
during a particular period of time, and how it will spend its money
Souring To become, or cause to become, less pleasant, friendly, or successful
Overseas In, from, or connected with another country or countries, especially across the sea
Greenfield Form of foreign direct investment in which the parent company of a company
Investments starts a new venture in a foreign country.
Intends To have as a plan or purpose
Relinquish To give up something such as a responsibility or claim
Employment Work that you are paid to do for a particular company or organization
Lack Situation in which there is not enough of something, or something is not
available
Franchising The business of selling people or companies the right to sell the products
or services of your company
Third Party A third person or organization less directly involved in an activity or in a legal
case than the main people or organizations that are involved
Shareholder A person or organization that owns shares in a company
Merger A situation when two or more companies, organizations, departments, etc. join
together
Weapons An object used in fighting or war, such as a gun or a bomb, or something used
against someone
Endanger Species Type of animal or plant that might stop existing because there are only a few of
that type alive
Fulfillment A feeling of pleasure and satisfaction because you are happy with your life
Threshold The level or point at which you start to experience something, or at which
somethisng starts to happen or change
Invoice A list that shows you how much you owe someone for work they have done or for
goods they have supplied

SeaPort A town or city on the water where ships load and unload freight
Vessel A large boat or a ship
Countertrade Situation in which two countries trade goods and services for other goods
and services, not for money
Sales Sales is also the department that sells a company’s products
Revenue Money that a company receives, especially from selling goods or services
Asset A useful or valuable quality, skill, or person
Occur Especially of accidents and other unexpected events) to happen
Proper Real, satisfactory, suitable, or correct
Hamper to prevent someone doing something easily
Ongoing Continuing to exist or develop, or happening at the present moment
Doubts (A feeling of) not being certain about something
Proper Real, satisfactory, suitable, or correct
Benefits Money given by the government to people who need financial help, for example
because they do not have a job
Marketing Work of encouraging people to buy a product or service
Threaten To tell someone that you will kill or hurt them, or cause problems
Gathered Join other people somewhere to make a group, or to bring people together
into a group
Breeds A type of person or thing:
Rampant Growing or spreading quickly, in a way that cannot be controlled
Worth while Useful and enjoyable, despite needing a lot of effort
Rampant Growing or spreading quickly, in a way that cannot be controlled
Worth while Useful and enjoyable, despite needing a lot of effort
Procedures A set of actions that is the official or accepted way of doing something
Costly Expensive, especially too expensive
Forthcoming Going to happen soon
Ensure Make certain that something is done or happens