Business Vocabulary — Set 1: Meanings flashcards
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The first 100 of the 300 Business Vocabulary words, from revenue and cash flow to buy-in and lead time: pronunciation, a plain definition in the business sense and three example sentences, the most common use first.
Learn deck · part of Business Vocabulary · written against: The terms of everyday business, finance, marketing and the workplace; American usage; our own word selection. Updated 2026-10-10.
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long-term (adj.) · LAWNG-TURMlasting for years to come, or aimed at results that lie years awayStrategy & Planning
The board cares more about long-term growth than this quarter's sales.
Many employers hope their interns will become long-term hires.
The startup signed a long-term lease on a small office downtown.
Watch out: the adjective takes a hyphen (long-term goals); the phrase in the long term doesn't. -
breakeven (n.) · BRAYK-EE-vuhnthe sales figure that covers every cost and nothing more, so the business ends up neither ahead nor behindFinance & Accounting
At current prices, the food truck reaches breakeven at 300 meals a month.
A busy summer pushed the little campground above breakeven for the first time.
Lower rent cut the store's breakeven by a third.
Watch out: Merriam-Webster hyphenates the adjective (the break-even point); the verb is two words: we finally broke even. -
lead (n.) · LEEDa possible customer, either a person or a firmMarketing & Sales
The trade show gave us about forty new leads.
Sales reps are expected to contact every lead within a day.
Most of our best leads come from customer referrals.
Watch out: this lead rhymes with need (LEED); the metal lead is LED. -
just-in-time (adj.) · JUHST-in-TIGHMdescribing a setup that keeps stored stock low by having each part or supply turn up right when it's usedOperations & Supply
Just-in-time delivery keeps the plant's storage costs low.
When the port closed, just-in-time factories ran out of parts within days.
The restaurant takes a just-in-time approach, ordering fresh produce daily. -
team building (n.) · TEEM bil-dingefforts, such as shared exercises or outings, to build trust and smooth teamwork among coworkersPeople & Management
The department spent a day on team building at a ropes course.
Some staff find team building awkward and forced.
Good team building starts with clear roles, not games. -
win-win (adj.) · WIN-WINleaving every party better off, with no side losing outDeals & Negotiation
The deal is win-win: farmers get steady orders, and the grocer gets fresher produce.
The town and the stadium owners hailed the parking plan as a win-win outcome.
Sharing one delivery van proved a win-win change for the two bakeries. -
free market (n.) · FREE MAR-kitan economy run largely by buyers and sellers, whose dealings set prices and output, with government in a minor roleEconomics & Markets
Supporters argue the free market sets prices better than any government.
Under a free market, a shop can charge whatever its customers will pay.
The country moved from state control toward a free market in the 1990s. -
due process (n.) · DOO PRAH-sesthe fair legal steps a government must follow before anyone can be punished or lose property or rightsLaw & Compliance
The lawsuit claims the city denied the street vendors due process.
A state board can't revoke a contractor's license without due process.
Due process requires notice and a chance to respond. -
one-on-one (n.) · wuhn-awn-WUHNa private meeting between two people, usually a manager and an employeeMeetings & Communication
I have a one-on-one with my manager every Tuesday.
Use your one-on-ones to raise problems early.
The coach set up one-on-ones with each new player. -
real-time (adj.) · REEL-TIGHMhappening or updated instantly, as events take placeTechnology & Data
The dashboard shows real-time sales from every store.
Drivers get real-time traffic updates on their phones.
Real-time translation lets the team hold calls across languages.
Watch out: the adjective takes a hyphen (real-time data); the phrase in real time doesn't.
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About these cards
Review status: Second-reader reviewed, with corrections applied.
Checked against:
- Senses, parts of speech and pronunciations checked against Merriam-Webster.com, the American Heritage Dictionary and the Oxford Learner's, Longman and Cambridge learner's dictionaries; all definitions, notes and example sentences are original.
- Word selection is our own, by frequency (wordfreq, CC BY-SA 4.0) and editorial judgment; no publisher's business glossary is reproduced.
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