·+Glossary+of+our+field

__ Glossary __//

Salary: // money paid monthly by an employer // Overtime: // money received for working extra hours // Commission: // money paid to salespeople and agents // Bonus: // extra money given for meeting a target // Fees: // money paid to professional people // Social security: // money paid by the government to unemployment and sick people. // Pension: // money paid by the government or a company to a retired person. // Living expenses: // money spent on everyday needs // Rent: // the money paid for the use of a house or a flat // Mortgage: // repayments of money borrowed to buy a house or flat // Tax: // money paid to finance government spending // Debt: // money that is owed to other people or business // Liabilities: // company’s debts // Working capital/funds: // the money that a business uses for everyday expenses or has available for spending. // Financial statement: // information given by a company for its financial position. // Balance sheet: // a financial statement which shows the company’s assets, liabilities and capital. // Profit & Loss: // statement that shows the company’s revenue, expenses and as a result its profit/loss. // Loan: // when companies borrowed money from bank // Shareholders: // the people who invest money in shares.

source: MacKenzie. I. (2006). __Professional english in use__. Cambridge: C.U.P.