Business Terms and Business Jargon Explained

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Business Terms and Business Jargon explained.

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Inland Revenue :-
A government department that collects and manages the collection of income tax, corporations tax, NI, capital gains, etc. All entities including persons and corporations will have been contacted by the inland revenue when they are legally allowed to generate income in the UK.

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 a different meaning in different industries and we will be glad to add your explanation to your specific industry 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.

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

Proprietor :-

Tax Definition:-

In relation to excise goods this term includes the owner, importer, exporter, shipper, or other person owning or being beneficially interested in the goods.
© Crown Copyright. Material taken from HM Revenue & Customs. Reproduced under the terms and conditions of the Click-Use Licence.

Intranet :-

A system within an organisation where communication and information can be shared. A Little like the internet but only within an organisation.

Disciplinary procedure :-

A disciplinary procedure for a company detailing differing levels of disciplinary action.
see Legal Documents Section

CAFCASS :-

The Children and Family Court Advisory and Support Service. CAFCASS looks after the interests of children involved in legal proceedings in the family courts in England and Wales and works with children and their families to advise the courts on children's best interests in family cases, be that in divorce and separation, adoption, or child care and supervision proceedings.
© Crown Copyright. Material taken from the Ministry of Justice. Reproduced under the terms and conditions of the Click-Use Licence.

Cyberliabilities :-

Cyberliabilities is an emerging term that describes liability issues, normally relating to the Internet and email use (and abuse). The term refers less to the actual offence (which is little different from standard liability) than to the means by which the offence manifests itself.
© Crown Copyright. Material taken from the DTI - Department for Trade and Industry. Reproduced under the terms and conditions of the Click-Use Licence.

Estate :-

Used to describe the total value of a deceased person's assets. This is the total sum of possessions, property and money at the time of your death less any debts which are outstanding.

Tax Form - P9 :-

This tax document is issued to an employer about an employee tax code for the next tax year.

N215 Civil Court form :-

This legal document is for a certificate of service.

Customs Duty :-

Tax Definition:-

A tax charged on goods imported into the European Union (EU). It is based on the value of the imported goods (see - Ad Valorem duty) and the description of the goods. Remember that imported goods may be liable to other charges, such as Anti-Dumping Duty (ADD) or Common Agricultural Policy (CAP) charges. They may also be liable to Excise Duty and VAT.
© Crown Copyright. Material taken from HM Revenue & Customs. Reproduced under the terms and conditions of the Click-Use Licence.

Worm :-

A worms is similar to a virus but has one main difference. For a worm to run on your computer it only needs to be able to connect to it across the Internet or a network. This is different to a virus which needs you to perform an action such as click a button or open an email.
© Crown Copyright. Material taken from www.itsafe.gov.uk. Reproduced under the terms and conditions of the Click-Use Licence.

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.