Business Vocabulary — Set 2: Meanings flashcards
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The next 100 business words, from guarantee and supply chain to equity, margin and algorithm: 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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priority (n.) · prigh-OR-uh-teea task, aim or need that tops the list, the one that matters most; a place ahead of the restStrategy & Planning
Customer safety is our top priority this year.
Let's agree on priorities before we assign the tasks.
Urgent repairs take priority over new projects. -
equity (n.) · EK-wuh-teea stake in a company, usually in shares; the slice of an asset's value its owner holds free of debtFinance & Accounting
The founders gave investors a 20 percent equity stake.
Private equity firms buy companies and aim to sell them later at a gain.
Homeowners build equity as they pay down their mortgage.
Watch out: on a balance sheet, equity is total assets minus total liabilities. -
marketing mix (n.) · MAR-kuh-ting MIKSthe main choices a company makes about a product, its price, where it's sold and how it's promotedMarketing & Sales
The team adjusted its marketing mix after sales stalled in rural stores.
The marketing mix covers far more than price.
In her interview, Priya explained how she'd change the marketing mix for teenagers.
Watch out: many marketers split it into four Ps, namely product, price, place and promotion. -
output (n.) · OWT-puuthow much an economy, a factory, a machine or a single worker turns out over a set periodOperations & Supply
The plant's output rose by 15 percent after the new line opened.
The drought cut the state's economic output by nearly two percent.
Supervisors measured each crew's output in finished orders per shift. -
hire (v., n.) · HIGHRto take someone on as a paid worker; a recent addition to the staffPeople & Management
The garden center plans to hire four more staff before spring.
We hired a designer to refresh our website.
Each new hire spends the first week shadowing an experienced colleague. -
bid (n.) · BIDa price put forward to buy something or to be paid for a job; a try at reaching a goalDeals & Negotiation
Three builders submitted bids to renovate the school gym.
The old depot sold for four million dollars, the top bid of the day.
The chain closed twelve stores in a bid to cut costs. -
boom (n.) · BOOMa stretch of quickly climbing sales, prices or jobs, as an economy or industry grows fastEconomics & Markets
The housing boom pushed home prices to record highs.
Warm weather sparked a boom in sales of outdoor furniture.
Many towns near the new rail line enjoyed a long boom.
Watch out: a boom is often followed by a bust, a sharp fall in business activity. -
guarantee (n.) · gair-uhn-TEEa promise that a product will work or be fixed or refunded; a pledge to cover someone else's debtLaw & Compliance
Each blender is sold with a three-year guarantee covering the motor.
Rhea's mower broke in its first summer; the guarantee got her a new one.
The owner signed a personal guarantee to secure the bakery's bank loan. -
presentation (n.) · pree-zen-TAY-shuhna talk, often with slides, that explains information or ideas to an audienceMeetings & Communication
Lena's presentation walked the board through third-quarter sales.
The presentation ran long, so questions were cut short.
Each candidate prepared a short presentation for the final interview. -
legacy system (n.) · LEG-uh-see SIS-tuhman old computer system still in use because replacing it would be costly or riskyTechnology & Data
The bank still runs its payroll on a legacy system from the 1990s.
Connecting the new app to our legacy systems took months.
Engineers who understand the legacy system are hard to replace.
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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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