Business Language Dictionary

Your Business Jargon Dictionary

Ever wondered about all these buzzwords in meetings, emails, memos, ... ? - you found your place!

Ever wondered about all these buzzwords in meetings, emails, memos, ... ?

Over here we want to collect them, look behind the scenes, explain them, discuss about them and finally bust them!

Join and use your time more effectively during office hours!




L

leverage

by Infinity May.2014

Used as a verb it means magnify, multiply, augment, or increase. therefore you can place it in almost any sentence.

In finance, leverage is a general term for any technique to multiply gains and losses.

G

GAAP

by Infinity May.2014

Generally Accepted Accounting Principles

GAAP refer to the standard framework of guidelines for financial accounting used in any given jurisdiction; generally known as accounting standards or standard accounting practice. These include the standards, conventions, and rules that accountants follow in recording and summarizing and in the preparation of financial statements.

+1
E

EBITDA

by Infinity May.2014

Earnings before interest, taxes, depreciation, and amortization

A company's earnings before interest, taxes, depreciation, and amortization is an accounting metric computed by considering a company's earnings before interest payments, tax, depreciation, and amortization are subtracted for any final accounting of its income and expenses. The EBITDA of a business gives an indication of its current operational profitability, i.e., how much…

+1

C-level

by Infinity May.2014

An overview of C-level titles can be found at Wikipedia: http://en.wikipedia.org/wiki/C-Suite


C

C-level

by Infinity May.2014

The highest-level executives in senior management are called "C-level" or part of the "C-suite", referring to the 3-letter initials starting with "C" and ending with "O".

The traditional three such officers are chief executive officer ( CEO ), chief operations officer ( COO ), and chief financial officer ( CFO ).


c-level
C

CTO

by Infinity May.2014

Chief Technology Officer

A chief technology officer is an executive-level position in a company or other entity whose occupant is focused on scientific and technological issues within an organization.

c-level
C

COO

by Infinity May.2014

Chief Operating Officer

A Chief Operating Officer or Director of Operations can be one of the highest-ranking executives in an organization and comprises part of the "C-Suite".

The COO is responsible for the daily operation of the company, and routinely reports to the highest ranking executive, usually the Chief executive officer (CEO).

The COO may also carry the title of President which makes that person the second in command at the firm,…

c-level
+1
C

CDS

by Infinity May.2014

Credit default swap

A credit default swap is a financial swap agreement that the seller of the CDS will compensate the buyer in the event of a loan default or other credit event. The buyer of the CDS makes a series of payments (the CDS "fee" or "spread") to the seller and, in exchange, receives a payoff if the loan defaults.

It was invented by Blythe Masters from JP Morgan in 1994.

H

HQ

by Infinity May.2014

Headquarters is the location where most of the important functions of an organization are coordinated. In the United States, the corporate headquarters represents the entity at the center or the top of a corporation taking full responsibility for managing all business activities.

In the UK, the term Head Office is most commonly used for the HQs of large corporations.

The term is also used regarding military organizations.

Why this site at all?

by Infinity May.2014

This was the first question I asked myself when going to setup this website.

While working in various functions within the business and beeing a non-native speaker of english and also a non-native business person (technical guy) there have been a lot of things to learn. Basically it was pretty hard what some terms meant and even hard to know what they really mean. Therefore I figured out quite some stuff myself and thought it might be an…

D

drop dead date

by Infinity May.2014

A provision in a contract or agreement that stipulates a finite deadline which will automatically trigger adverse consequences.

It is the last possible date on which something must be completed and in most circumstances an extension is not possible.

downsize

by Infinity May.2014


Slideshare: Impact of downsizing


D

downsize

by Infinity May.2014

A more or less abstract description for laying off people.

As defined by Art Budros, downsizing is defined as the "conscious use of permanent personnel reductions in an attempt to improve efficiency and/or effectiveness".

C

CFO

by Infinity May.2014

Chief financial officer

The CFO is a corporate officer primarily responsible for managing the financial risks of the corporation. This officer is also responsible for financial planning and record-keeping, as well as financial reporting to higher management.

The CFO typically reports to the CEO and to the board of directors, and may additionally sit on the board.

c-level
C

CEO

by Infinity May.2014

Chief executive officer

A CEO is generally the most senior corporate officer (executive) or administrator in charge of managing an organization. An individual appointed as a CEO of a corporation, company, organization, or agency typically reports to the board of directors. Terms often used as synonyms for CEO include managing director (MD) and chief executive (CE).

c-level
B

B2C

by Infinity May.2014

Business-to-consumer

B2C is the sale of goods and services from businesses to the consumer.

B

B2B

by Infinity May.2014

Business-to-business

B2B describes transactions between businesses, such as between a manufacturer and a wholesaler, or between a wholesaler and a retailer. Contrasting terms are business-to-consumer (B2C) and business-to-government (B2G). B2B branding is a term used in marketing.

2

24/7

by Infinity May.2014

Twenty-four hours a day, seven days a week. This term is used to express that something is available all the time.

J

jobfuscate

by Infinity May.2014

Jobfuscate is a term used to describe that someone makes his job or job experience sounding so complex that others are not understanding it.



B

best-of-breed

by Infinity May.2014

The best-of-breed product has been identified as the best product of its type. There are a lot of products or services marketed as best-of-breed to highlight how superior they are.

Another definition: Best of Breed is the title given to the dog who has been judged the best representative specimen of its breed at a conformation show.

A

agility

by Infinity May.2014

Agility is the ability to adapt rapidly to changes in the environment. Therefore business agility is the capability of an organization to adapt rapidly in response to changes in the business environment.

low-hanging fruit

by Infinity May.2014

Financial adviser interview question:
Tell us about your "low hanging fruit". The people close to you who you can immediately get as clients.


low-hanging fruit

by Infinity May.2014

By the way, you can call it LHF as well. Sounds way more professional.

L

low-hanging fruit

by Infinity May.2014

Something which is easily achievable and which does not require a lot of effort. It can be obtained by readily available means.


C

cloud

by Infinity May.2014

Everything is in/around/outside/integrated within or somehow related to the cloud nowadays.

The term "cloud" is essentially just a metaphor for the Internet but it sounds more interesting speaking about the cloud. The phrase "in the cloud" refers to software, platforms and infrastructure that are sold "as a service", i.e. remotely through the Internet.

Whenever it is in the cloud you are typically just paying a subscription and use the…

think outside the box

by Infinity May.2014

A nice presentation about concepts which gives you some ideas to do this famous "out-of-the-box" thinking:
Slideshare: How to think outside the box



value-add

by Infinity May.2014

In 2009 it was one of the 15 buzzwords the Inc. magazine promoted to be one of the terms they don't want to hear any more:
The Good The Bad and the Ugly

conference call

by Infinity May.2014

A great example how real life conference calls work:
https://www.youtube.com/watch?v=DYu_bGbZiiQ





E

EBITDA

by Infinity May.2014

Earnings before interest, taxes, depreciation, and amortization

A company's earnings before interest, taxes, depreciation, and amortization is an accounting metric computed by considering a company's earnings before interest payments, tax, depreciation, and amortization are subtracted for any final accounting of its income and expenses. The EBITDA of a business gives an indication of its current operational profitability, i.e., how much…

+1
C

CTO

by Infinity May.2014

Chief Technology Officer

A chief technology officer is an executive-level position in a company or other entity whose occupant is focused on scientific and technological issues within an organization.

c-level
H

HQ

by Infinity May.2014

Headquarters is the location where most of the important functions of an organization are coordinated. In the United States, the corporate headquarters represents the entity at the center or the top of a corporation taking full responsibility for managing all business activities.

In the UK, the term Head Office is most commonly used for the HQs of large corporations.

The term is also used regarding military organizations.

downsize

by Infinity May.2014


Slideshare: Impact of downsizing


C

CEO

by Infinity May.2014

Chief executive officer

A CEO is generally the most senior corporate officer (executive) or administrator in charge of managing an organization. An individual appointed as a CEO of a corporation, company, organization, or agency typically reports to the board of directors. Terms often used as synonyms for CEO include managing director (MD) and chief executive (CE).

c-level
2

24/7

by Infinity May.2014

Twenty-four hours a day, seven days a week. This term is used to express that something is available all the time.

A

agility

by Infinity May.2014

Agility is the ability to adapt rapidly to changes in the environment. Therefore business agility is the capability of an organization to adapt rapidly in response to changes in the business environment.

L

low-hanging fruit

by Infinity May.2014

Something which is easily achievable and which does not require a lot of effort. It can be obtained by readily available means.


value-add

by Infinity May.2014

In 2009 it was one of the 15 buzzwords the Inc. magazine promoted to be one of the terms they don't want to hear any more:
The Good The Bad and the Ugly

L

leverage

by Infinity May.2014

Used as a verb it means magnify, multiply, augment, or increase. therefore you can place it in almost any sentence.

In finance, leverage is a general term for any technique to multiply gains and losses.

C-level

by Infinity May.2014

An overview of C-level titles can be found at Wikipedia: http://en.wikipedia.org/wiki/C-Suite


C

COO

by Infinity May.2014

Chief Operating Officer

A Chief Operating Officer or Director of Operations can be one of the highest-ranking executives in an organization and comprises part of the "C-Suite".

The COO is responsible for the daily operation of the company, and routinely reports to the highest ranking executive, usually the Chief executive officer (CEO).

The COO may also carry the title of President which makes that person the second in command at the firm,…

c-level
+1

Why this site at all?

by Infinity May.2014

This was the first question I asked myself when going to setup this website.

While working in various functions within the business and beeing a non-native speaker of english and also a non-native business person (technical guy) there have been a lot of things to learn. Basically it was pretty hard what some terms meant and even hard to know what they really mean. Therefore I figured out quite some stuff myself and thought it might be an…

D

downsize

by Infinity May.2014

A more or less abstract description for laying off people.

As defined by Art Budros, downsizing is defined as the "conscious use of permanent personnel reductions in an attempt to improve efficiency and/or effectiveness".

B

B2C

by Infinity May.2014

Business-to-consumer

B2C is the sale of goods and services from businesses to the consumer.

J

jobfuscate

by Infinity May.2014

Jobfuscate is a term used to describe that someone makes his job or job experience sounding so complex that others are not understanding it.



low-hanging fruit

by Infinity May.2014

Financial adviser interview question:
Tell us about your "low hanging fruit". The people close to you who you can immediately get as clients.


C

cloud

by Infinity May.2014

Everything is in/around/outside/integrated within or somehow related to the cloud nowadays.

The term "cloud" is essentially just a metaphor for the Internet but it sounds more interesting speaking about the cloud. The phrase "in the cloud" refers to software, platforms and infrastructure that are sold "as a service", i.e. remotely through the Internet.

Whenever it is in the cloud you are typically just paying a subscription and use the…

conference call

by Infinity May.2014

A great example how real life conference calls work:
https://www.youtube.com/watch?v=DYu_bGbZiiQ



G

GAAP

by Infinity May.2014

Generally Accepted Accounting Principles

GAAP refer to the standard framework of guidelines for financial accounting used in any given jurisdiction; generally known as accounting standards or standard accounting practice. These include the standards, conventions, and rules that accountants follow in recording and summarizing and in the preparation of financial statements.

+1
C

C-level

by Infinity May.2014

The highest-level executives in senior management are called "C-level" or part of the "C-suite", referring to the 3-letter initials starting with "C" and ending with "O".

The traditional three such officers are chief executive officer ( CEO ), chief operations officer ( COO ), and chief financial officer ( CFO ).


c-level
C

CDS

by Infinity May.2014

Credit default swap

A credit default swap is a financial swap agreement that the seller of the CDS will compensate the buyer in the event of a loan default or other credit event. The buyer of the CDS makes a series of payments (the CDS "fee" or "spread") to the seller and, in exchange, receives a payoff if the loan defaults.

It was invented by Blythe Masters from JP Morgan in 1994.

D

drop dead date

by Infinity May.2014

A provision in a contract or agreement that stipulates a finite deadline which will automatically trigger adverse consequences.

It is the last possible date on which something must be completed and in most circumstances an extension is not possible.

C

CFO

by Infinity May.2014

Chief financial officer

The CFO is a corporate officer primarily responsible for managing the financial risks of the corporation. This officer is also responsible for financial planning and record-keeping, as well as financial reporting to higher management.

The CFO typically reports to the CEO and to the board of directors, and may additionally sit on the board.

c-level
B

B2B

by Infinity May.2014

Business-to-business

B2B describes transactions between businesses, such as between a manufacturer and a wholesaler, or between a wholesaler and a retailer. Contrasting terms are business-to-consumer (B2C) and business-to-government (B2G). B2B branding is a term used in marketing.

B

best-of-breed

by Infinity May.2014

The best-of-breed product has been identified as the best product of its type. There are a lot of products or services marketed as best-of-breed to highlight how superior they are.

Another definition: Best of Breed is the title given to the dog who has been judged the best representative specimen of its breed at a conformation show.

low-hanging fruit

by Infinity May.2014

By the way, you can call it LHF as well. Sounds way more professional.

think outside the box

by Infinity May.2014

A nice presentation about concepts which gives you some ideas to do this famous "out-of-the-box" thinking:
Slideshare: How to think outside the box



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Corporate jargon, also known as corporate speak, corporate lingo, business speak, business jargon, management speak, workplace jargon, or commercialese, is the jargon often used in large corporations, bureaucracies, and similar workplaces. It may be characterised by sometimes-unwieldy elaborations of common English phrases, acting to conceal the real meaning of what is being said. It is contrasted with plain English.

The tone is associated with managers of large corporations, business management consultants, and occasionally government. Reference to such jargon is typically derogatory, implying the use of long, complicated, or obscure words, abbreviations, euphemisms, and acronyms. For that reason some of its forms may be considered as an argot. Some of these words may be actually new inventions, designed purely to fit the specialized meaning of a situation or even to "spin" negative situations as positive situations.

Marketing speak is a related label for wording styles used to promote a product or service to a wide audience by seeking to create the impression that the vendors of the service possess a high level of sophistication, skill, and technical knowledge. Such language is often used in marketing press releases, advertising copy, and prepared statements read by executives and politicians. Marketing speak is characterized by its heavy use of buzzwords, neologisms, and terms appropriated from specialized technical fields which are eventually rendered almost meaningless through heavy repeated use in inappropriate contexts. [Wikipedia about Corporate_jargon]