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Business jargon explained clearly and to the point. Examples are used were appropriate. We appreciate that some terms have different meanings in different industries and we will be glad to add your industry explanation. When you have a suggestion, you can tell us via our Contact form. This business dictionary includes clear definitions from us or we use the official definition and explanation.

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


 

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Sample of Business Terms

PES :-
Tax Definition:-

Personal Export Scheme - A scheme under which a VAT-registered supplier can supply a motor vehicle to certain customers in the United Kingdom free of VAT, on condition that the vehicle is exported to a destination outside the European Union within a fixed time. Subject to some restrictions the vehicle may also be used in the EU prior to its final export.

Crown Copyright. Material taken from HM Revenue & Customs. Reproduced under the terms and conditions of the Click-Use Licence.


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