Vocabulary list 6 - Business Terms

CHAPTER
Vocabulary List 6:
Business Terms
CHAPTER SUMMARY
In this chapter, you will learn words frequently used in business. Many
of the words in this chapter may be familiar to you, but it is important
to become comfortable using these words in your day-to-day life. You
will see these words in articles about business and economic matters,
as well as in the written policies and procedures found in most work
environments. You may also see some of the words on your tax return
and other work-related forms. Think about when and where you have
seen these words before and how they were used. Once you know
these words, you will find that many business-related articles and poli-
cies that you encounter at work or in your day-to-day life are easier to
understand. As you go through the list, say each word aloud to your-
self and practice spelling it. This will help you to become more com-
fortable using each word. Think about other words you know that may
have similar prefixes, suffixes, or roots and see if you can use this
knowledge to help you remember the meaning of the new words found
in this chapter.
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VOCABULARY LIST 6: BUSINESS TERMS
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Choose the word from the Vocabulary List that best fits into the crossword puzzle. You can check your answers
at the end of the chapter following the answers to the questions.
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Vocabulary List 6: Business Terms
arbitrage
arbitration
beneficiary
capital
collusion
consortium
deduction
discrimination
entitlement
equity
exempt
fiscal
franchise
harassment
jargon
nepotism
perquisite
prospectus

subsidy
tenure
Across
4 someone who benefits from something
5 annoy or irritate persistently
6 a joining of two or more businesses for
a specific purpose
8 conspiracy
11 special privilege or benefit
15 the process by which disputes are
settled by a third party
16 accumulated wealth
17 fairness of treatment
18 the state or period of holding a
particular position, or a guarantee of
employment to teachers who have
particular standards
19 a grant
Down
1 prejudiced actions or treatment
2 favoring relatives
3 terminology
7 a business that is owned by a parent
company but run by independent
operators under rules set by the parent
company
9 the subtraction of a cost from income
10 buying stocks, bonds, and securities to
resell for a quick profit
12 bonus

13 a published report of a business and its
plans
14 pertaining to money
17 excused

arbitrage (ar·bə·trazh)
(noun)
the buying of “paper”—stocks, bonds, and
securities—to resell for a quick profit
, the buying of bonds and other securities
to sell at a higher price, is a risky business.
arbitration (ar·bə·tra¯ ·shən)
(noun)
the process by which disputes are settled by a third
party
They decided to resolve the matter through
; that is, they gave the decision-
making power to an independent person.
beneficiary (ben·nə·fi·she¯ ·er·e¯)
(noun)
one who will benefit from something
He is the sole of her estate. He will be
given all the property when the old woman
dies.
capital (ka·pə·təl)
(noun)
accumulated wealth, used to gain more wealth
She put some money in the bank and would only
spend the interest she earned on the initial
investment or .

collusion (kə·lu·zhen)
(noun)
a secret agreement for a deceitful or fraudulent
purpose, conspiracy
At the poker game, Sarah and Tom made a
to cheat together so Sarah would
win the game and then they could share the
winnings.
consortium (kən·sor·she¯ ·em)
(noun)
a joining of two or more businesses for a specific
purpose
The joining of the three companies into one made
for a powerful that would dominate
the industry.
deduction (di·dək·shən)
(noun)
the subtraction of a cost from income
He took his children as a tax so that he
could subtract the cost of their care from his
taxes.
discrimination (dis·kri·mə·na¯ ·shən)
(noun)
the act of making distinctions, the act of
distinguishing between one group of people
and another and treating people differently as a
result, prejudiced actions or treatment
Many workers still face in workplaces
that choose not to hire or promote employees
based on their sex, skin color, or ethnic

background.
entitlement (in·t¯·təl·mənt)
(noun)
special privilege or benefit allowed to a group of
people
In our society, the elderly have an to
healthcare and money for food and shelter.
equity (e-kwə·te¯)
(noun)
fairness or evenness of treatment, or the value of
property after all claims have been made
against it
Though she was accused of being unfair in her
demands, she claimed she only wanted
in what was owed her.
exempt (i·zem(p)t)
(adj.)
excused from some rule or job
She was from duty that day; she was
excused because she had been injured.
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