Glossary

A

activity noun

1. being active or lively: When a man іs over 70, his time of full activity is usually passed. 2. thing to be done: My numerous activities leave me little leisure.

approach noun

1. a method of doing something or dealing with a problem: This approach has definite advantages.

2. a request from someone, asking you to do something for them: They made a direct approach to the minister of education.

multifocal approach noun

the strategy that tries to achieve the advantages of globalization while attempting to be responsive to important national needs: Multifocal approachis one of the strategies involved in international management.

available adjective

that may be used or obtained: There were no tickets available for Friday’s performance.

C

claim noun

1. act of claiming: His claim to own the house is invalid. 2. sum o money demanded, under an insurance agreement: make/put in a claim (for refund). 3. right to ask for: You have no claim on my sympathies. 4. something claimed; land (esp. in a gold bearing regions) given to a miner.

complementary adjective

serving to complete: complementary volumes.

conduct verb

1. lead or guide: Mr. Yell conducted the visitors round the museum. 2. control, direct, manage: to conduct a meeting or negotiations. 3. direct (an orchestra). 4. behave: He behaves himself well. 5. (of substances) allow (heat, electric current) to pass or through: Copper conducts electricity.

convertible adjective

that can be converted: Banknotes are not usually convertible into gold nowadays.

custom noun

1. usual and generally accepted behavior among members of a social group (either small or large, a nation: Don’t be a slave of a custom. 2. particular way of behaving which, because it has been long established, is observed by individuals and social groups: Social customs vary in different countries. 3. regular support given to a tradesman by those who buy his goods: We should very much like to have your custom. 4. (pl) taxes due to the government on goods imported into a country; import duties; department of government that collects such duties: How long will it take us to get through customs.

D

define verb

1. state precisely the meaning of (words). 2. state or show clearly: The power of a judge are defined by law.

E

entity noun

1. something that has real existence; a thing’s existence (contrasted with it’s qualities, relations, etc.) 2. being, existence.

estate noun

1. piece of property in the form of land, esp. in the country: He owns large estates in Scotland. (council estate, housing estate, industrial estate). 2. (legal) persons whole property. 3. political social group or class. 4. (old use) condition; stage in life: the estate of matrimony. (real estate).

expansion noun

1. expanding or being expanded: the expansion of gases when heated. 2. enlargement: The novel was an expansionof his short story.

expiration noun

1. ending (of a period of time): at the expiration of the lease. 2. breathing out (of air).

explodе verb

1. (cause to) burst with a loud noise: The bomb explodеd. 2. (of feelings) burst out; (of persons) show violent emotion: At last his anger explodеd. 3. destroy, expose (the incorrectness of) an idea, a theory, etc: an explodеd.

F

franchise noun

1. (usually the franchise) full rights of citizenship given by a country or town, esp. the right to vote at elections. 2. (chiefly US) special right given by public authorities to a person or company: a franchise for a business service.

G

globalization noun

the process of making something such as a business operate in a lot of different countries all around the world, or the result of this: Globalization is the strategy that involves the development of relatively standardized products with worldwide appeal.

I

investment noun

1. investing money: careful investment of capital. 2. sum of money that is invested; that in which money is invested.

issue verb

2. come, go, flow, out: blood issuing from a wound. 2. distribute for use or consumption. 3. publish (books etc.) 4. put stamps, banknotes

insurance nounan arrangement with a company in which you pay them regular amounts of money or make a single payment and they agree to pay the costs, for example if you die or are ill/sick, or if you lose or damage something:

car/travel/home/unemployment insurance Make sure you take out adequate insurance to cover your possessions. Can you claim for the loss on your insurance? Many people have insurance against sickness and unemployment. It’s time to renew your motor insurance. _ There are four main classes of insurance: accident, fire, life and marine.

insurance agent noun a person or company whose job is to give advice about and sell insurance on behalf of one or more companies:

I contacted several life insurance agents. The San Francisco-based insurance agent was founded in 1994.

insurance broker noun an independent person or company that gives people advice about insurance and arranges insurance for them:

Speak to your insurance broker regularly to make sure you are getting the best deal. Aon Corp is the world’s number 2 insurance broker.

insurance company (also insurance carrier) noun an organization whose business is providing insurance:

Insurance companies have been badly hit by the recent storms and floods. Munich-based Allianz is Europe’s biggest insurance company.

insurance cover (also insurance coverage) noun protection that an insurance company provides by promising to pay you money if a particular event happens:

Many mortgage lenders will require you to take out full insurance cover.

insurance policy (also contract of insurance) noun a written agreement between a person or company and an insurance company:

One in fifteen holidaymakers who took out a travel insurance policy last year made a claim.

insurance premium noun a payment made to an insurance company in return for which the company agrees to pay for loss, damage or expenses, usually up to a particular amount:

Insurance premiums are expected to continue rising. You can pay your car insurance premiums annually or monthly. Many employees have to pay 25% of their health insurance premiums.

insurance underwriter noun 1. a person whose job is to estimate the risks involved in a particular activity or in insuring a particular client and decide how much sb must pay for insurance

2. a company or person that agrees to accept all the risks involved in an insurance contract:

He used to work for Lloyd’s, the insurance underwriters.

insure (sth/yourself) (for/against sth) verbto make an arrangement with a company in which you pay them regular amounts of money or make a single payment and they agree to pay you money, for example if you die or are ill/sick, or if you lose or damage sth:

The painting is insured for $10 million. Companies are required to insure against accidents in the workplace. Are you adequately insured? He had insured himself against long-term illness.

insurer nouna company that provides insurance:

Allianz is the world’s number two insurer. The insurers (= the particular company that has a contract to provide insurance) are refusing to pay the full claim.

insured adjectiv e having insurance:

Her life was insured for $250 000. The buildings were insured against fire damage. Are you insured to drive this car? _

the insured noun (plural the insured) the person who has made an agreement with an insurance company and who receives money if, for example, they are ill/sick or if they lose or damage sth:

The insured had made a claim against the insurers.

L

lease noun, verb

1. noun a legal agreement that allows you to use a building, a piece of equipment or some land for a period of time, usually in return for rent:

The current lease expires on 31 March. Under the terms of the lease, you are liable for any repairs to the building.

2. verb to use, or to let sb use sth, especially property or equipment, in exchange for rent or a regular payment:

We lease all our photocopy equipment. Parts of the building are leased out to tenants. the dealer that leased them the vehicles Employers don’t have to provide pension for leased employees.

leasing noun

car leasing a leasing company

lessee noun a person who has use of a building, an area of land, etc. on a lease.

lessor noun a person who gives sb the use of a building, an area of land, etc. on a lease.

lease sth back (to sb) verb to sell property or a valuable asset and continue to use it by paying rent to the new owner; to buy property or an asset and allow the seller to continue using it in exchange for rent:

At one stage they had to sell and lease back their head office to raise cash. The trust has agreed to lease the property back to them for 40 years.

sale and leaseback noun the process of selling property or another valuable asset and continuing to use it by paying rent to the new owner; a legal agreement where this happens:

The firm used a leaseback on its factories to raise the cash it needed.

leasehold noun, adjective

noun (also leasehold estate less frequent) the right to use a building or a piece of land according to the arrangements in a lease:

We hope to acquire a long leasehold on the property. leasehold possession of property They hold a 50-year leasehold estate in the land

adjective (about property or land) that can be used for a limited period of time, according to the arrangements in a lease:

The group owns leasehold properties worth over €50 million.

leaseholde r noun a company, person, etc. who has the right to use a building or a piece of land according to the arrangements in a lease.

dry lease noun an arrangement that allows a company to use another company’s aircraft, but not people to fly them, for a period of time.

finance lease noun an arrangement in which a financial institution buys a vehicle, piece of machinery, etc. and lets a business use it for an agreed period of time in exchange for regular payments:

The aircraft were acquired under a finance lease. A finance lease usually lasts for a substantial portion of the life of the asset. For accounting purposes, an asset under a finance lease should be treated as if had been bought outright.

operating lease noun an arrangement by which a business pays to use a piece of equipment, a building, etc. for a period of time:

We offer a 24-month operating lease on all our computer systems. Pirotta holds a 15-year operating lease on the property.

wet lease noun an arrangement that allows a company to use another company’s aircraft and the people who fly them for a period of time.

license noun

1. (written or printed statement giving) permission from someone in authority to do something: a license to drive a car/ a driving license.

M

management noun

1. the activity of controlling and organizing the work that a company does: Businesses can also help by providing courses in managementskills.

2.the way that people control and organize different situations that happen in their lives or their work: The successful applicant will have experience in project management.

international management noun

the process of managing resources (people, funds, inventories, and technologies) across national boundaries and adapting management principles and functions to the demands of foreign competition and environments: Individuals searching for careers in the field of international management will find numerous opportunities available to them.

P

premature adjective

done, happening, doing something, before the right or usual time: premature birth.

proximity noun

1. nearness. In (close) proximity to, (very) near to.

R

recognition noun

recognizing or being recognized: He was given a cheque for ₤25 in recognition of his services.

responsiveness noun

1. the strategy that allows subsidiaries latitude in adapting products and services to conform to the special needs and political realities of the countries in which they operate: National responsiveness is one of the strategies involved in international management.

2. quick reaction, in a positive way: Their responsiveness to the needs of the customers is amazing.

rationalization noun

the process of assigning activities to those parts of the organization best suited to produce specific goods or desired results, regardless of where they are located: Rationalization means that some workers may lose their jobs.

risk noun

the possibility that something bad, unpleasant, or dangerous may happen: There is arisk that a crisis may spread further.

risk management noun

a system to prevent or reduce dangerous accidents or mistakes: Risk management is activity directed towards the assessing and monitoring of risks.

business risk noun

a circumstance or factor that may have a negative impact on the operation or profitability of a given company: There is an element of business risk associated with any corporate operation.

credit risk noun

the amount of potential for default that is inherent in a given debt investment or extension of credit: In the case of lending money, the entity that provides the loan carries the credit risk.

T

tangible adjective

1. that can be known by touch. 2. clear and definite: tangible proof.

Дата добавления: 2014-12-23