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CONSORTIUM kənˈsɔrʃiəm

17 Dec 2020

Noun

  • a group of companies that cooperate and share resources.
Example Sentence: The company is part of an international consortium.
 

GO PUBLIC goʊ pʌblɪk

15 Sep 2020

Phrase

  • to become a public company and to sell the company.
Example Sentence: The stock of the Internet company rose very quickly after the company went public.
 

DRAW UP A CONTRACT  

04 Sep 2020

Phrase

  • to make/draft a contract.
Example Sentence: The lawyer spent several hours drawing up a new contract.
 

CONTINGENCY FEE kənˈtɪndʒənsi fi

04 Aug 2020

Noun

  • (in the legal industry) a legal fee determined as a certain percentage of the award.
Example Sentence: We promised to pay a 10% contingency fee upon successful completion of the case, i.e. if we win and get our $10M compensation from the factory.
 

BENEFICIARY bɛnəˈfɪʃiˌɛri

13 Jul 2020

Noun

  • the person who will receive something.
Example Sentence: I was the sole beneficiary in my father's will.
 

ACQUISITION ækwəˈzɪʃən

08 Jul 2020

Noun

  • the activity when one company buys another one.
Example Sentence: Our company is planning to make acquisitions in the Far East for strategic reasons.
 

TO COMMISSION kəˈmɪʃən

20 Jun 2020

Verb

  • to officially ask someone to do something for you.
Example Sentence: Leonardo was commissioned to make an altar piece in 1483 in the Church of S. Francesco Grande.
 

REGULATOR rɛgyəˌleɪtər

02 Jun 2020

Noun

  • an organisation or body that controls an area of industry and monitors its fair operation.
Example Sentence: The Spanish regulator has not released any details about the new tender for spectrums so far.
 

PURVEYOR pərˈveɪər

31 May 2020

Noun

  • a company that supplies goods or services.
Example Sentence: Although we've just entered the market, we'd like to become the number one purveyor of fine wines and rare spirits within a year.
 

OUTSOURCING aʊtˌsɔrs

12 Feb 2020

Verb

  • Is when one company uses a different company to provide some product or service.
Example Sentence: British Airways outsources its in-flight catering to American firm Gate Gourmet.
 

FLOATED /floʊt/

27 Jan 2020

Verb

  • start selling shares in a business or company for the first time
Example Sentences: The company plans to float next year.
We floated on the stock exchange last year.
 

SUBSIDIARY /səbˈsɪdiˌɛri/

26 Jan 2020

Noun

  • a company which is owned by a larger company
Example Sentences: How many subsidiaries does Hutchison Whampoa have?
We set up a subsidiary in the UK.
 

MERGED /mɜrdʒ/

25 Jan 2020

Verb

  • If two companies merge, they join together to form a single company
Example Sentences: When did Glaxo Welcome and Smithkline Beecham merge?
We merged with X company in 1990.
 

FOUNDED /faʊnd/

24 Jan 2020

Verb

  • started, set up, established a company or organisation
Example Sentences: She founded the company with a $10,000 bank loan
We were founded in 1981.
 

PROVE pruv

23 Nov 2019

verb

  • Prove is the verb form of the noun proof. To prove is to show that something is true.
Example Sentences: They suspected that she'd killed him but they could never actually prove that it was her.
Computers have been used to prove mathematical theorems.
 
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