Business Terms and Business Jargon Explained

Business Terms and Business Jargon explained.

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You can search for a term using the search box above or click on a letter to get a list of terms beginning with that letter. You can then click on a word to get an explanation of that term.
Short, concise business jargon explained clearly and to the point. Examples are used where appropriate. We appreciate that some terms have different meanings in different industries and we will be glad to add your industry explanation. Tell us via our Contact form. This business dictionary includes a clear definition from us gathered from a number of sources or the official authorities definition or explanation is given.

If you don't see the business term your looking for, let us know. We will get back to you usually within 24 hours.

See jargon in company formation section for company terms. See legal documents for explanation of different contracts and agreements.

Sample of Business Terms

Excise Duty :-
This is a tax on goods like fuel, tobacco and alcohol where the goods themself are taxable.

Tax Exemption :-

This is where part or all of a persons or companies income where no tax will be imposed.

Specific Legacy :-

This is where you leave a specific person an item or items from your personal belongings in a last will and testament (see Pecuniary). See Get a Last will and testament.

BIOS :-

This is the basic input/output system and is found on every computer. When you switch your computer on, the BIOS tells the computer where to find everything it needs, such as the operating system.
Once your computer is up and running the BIOS runs in the background helping the operating system talk to devices, such as your monitor and keyboard.

© Crown Copyright. Material taken from www.itsafe.gov.uk. Reproduced under the terms and conditions of the Click-Use Licence.

UK :-

Tax Definition:-

United Kingdom - England, Scotland, Wales, Northern Ireland, (including The Isle of Man but not the Channel Islands or Gibraltar)..
© Crown Copyright. Material taken from HM Revenue & Customs. Reproduced under the terms and conditions of the Click-Use Licence.

Accounting reference date :-

(see company formations - Jargon)

Alibi :-

This is a legal defence for someone accused of a crime where it could not have been them as they where else where at the time of the crime and this can be back up with witnesses or evidence.

Free Zone :-

Tax Definition:-

A designated and approved area where imported goods may be stored without payment of VAT or import duty.
© Crown Copyright. Material taken from HM Revenue & Customs. Reproduced under the terms and conditions of the Click-Use Licence.

Golden Rule :-

One of the UK Government's two fiscal rules (the other being the sustainable investment rule). It states that over the economic cycle, the Government will borrow only to invest and not to fund current spending.
© Crown Copyright. Material taken from HM-Treasury. Reproduced under the terms and conditions of the Click-Use Licence.

Creative Commons :-

A non-profit organisation which offers a set of copyright licences to promote freedom of use and reuse of creative works.
© Crown Copyright. Material taken from HM-Treasury. Reproduced under the terms and conditions of the Click-Use Licence.

Tax Form - CT600 :-

This tax document is a companies tax return. There are many types of CT600's. Your accountant will know which ones you need to fill in.

Our database has numerous business terms and meanings. Database is growing fast.You can get randam words for your blog or website or just to feed your mind.

Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms, and to explain them in plain English so it is very easy to understand. Getting the right understanding and knowing your business jargon will keep you informed among your peers.