Business & Finance
Everyday Australian words, slang and life-admin terms for migrants, students and workers — explained in plain English and 8 other languages.
Reviewed entries
200 entriesA production method that aims to reduce waste and improve efficiency.
Lean manufacturing cut waste by 30 per cent.
liability
nounMoney a business owes, or legal responsibility for something.
Loans are listed as liabilities.
liquidity
nounHow easily an asset can be turned into cash, or how much cash a business has available.
Shares have higher liquidity than property.
logistics
nounThe organisation of moving, storing and delivering goods.
The company handles logistics for online retailers.
loop in
phrasal verbTo include someone in a conversation or email so they are informed.
I'll loop in the finance team on this email.
loss
nounMoney lost when costs are higher than income.
The company reported a loss for the year.
loyalty program
nounA scheme that rewards customers for buying regularly.
The supermarket loyalty program gives points on every purchase.
managed fund
nounAn investment where your money is pooled with others and managed by a professional fund manager.
Her super is invested in several managed funds.
The total value of a company's shares on the stock market (US: market capitalization).
The bank has a market capitalisation of over $100 billion.
market research
nounCollecting information about customers and markets.
Market research showed strong demand for vegan food.
market share
nounThe percentage of total sales in a market that a company has.
The brand increased its market share last year.
A planned series of activities to promote a product or service.
The marketing campaign targeted young drivers.
memo
nounA short written message used inside an organisation.
The CEO sent a memo about the new policy.
A written agreement between parties that sets out plans to work together, often not legally binding.
The two universities signed a memorandum of understanding.
mentor
noun / verbAn experienced person who guides and advises someone less experienced; to do this.
A senior engineer mentors each graduate.
merger
nounWhen two companies join together to form one.
The merger created the country's largest bank.
micromanage
verbTo control every small detail of other people's work.
Staff feel stressed when managers micromanage.
Managers between senior executives and frontline supervisors.
The restructure reduced middle management.
milestone
nounAn important stage or event in a project's progress.
Finishing the prototype was a major milestone.
minutes
nounThe official written record of what was said and decided at a meeting.
She took the minutes at the board meeting.
monetary policy
nounA central bank's decisions about interest rates and the money supply.
Monetary policy aims to keep inflation low.
morale
nounThe confidence and enthusiasm of a group of people.
Staff morale improved after the pay rise.
mortgage
nounA loan used to buy property, with the property as security.
They took out a 30-year mortgage.
negotiate
verbTo discuss something to reach an agreement.
They negotiated a lower price with the supplier.
net profit
nounProfit left after all expenses and tax have been paid.
Net profit was lower because of higher rent.