Business Vocabulary (Intermediate to Advanced – Top 300+ Terms)/
Upper Intermediate Deck 2

Upper Intermediate Deck 2

Total: 20 words

patent

noun

the official legal right to make or sell an invention for a particular number of years

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premium

noun

a sum over and above a regular price paid chiefly as an inducement or incentive; a sum in advance of or in addition to the nominal value of something

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commodity

noun

an economic good

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merger

noun

an agreement that unites two existing companies into one new company

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surplus

noun

an amount, quantity, etc., greater than needed

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pharmaceutical

adjective

of, relating to, or engaged in pharmacy or the manufacture and sale of pharmaceuticals

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mortgage

noun

a legal agreement in which a person borrows money to buy property and then pays the money back over a period of years

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outsource

verb

to delegate (a task, function, or responsibility) to an independent provider

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financing

noun

the process of means of acquiring capital necessary to conduct a business activity

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equity

noun

ownership

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collateral

noun

property (such as securities) pledged by a borrower to protect the interests of the lender

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affiliate

noun

one part of a larger group or organization; an organization that is officially connected with or controlled by another, usually larger, organization

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markup

noun

an amount added to the cost price to determine the selling price

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takeover

noun

the acquisition or seizure of control or power

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liability

noun

something a person or company owes, usually a sum of money

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stakeholder

noun

a person or group that has an investment, share, or interest in something, as a business or industry

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subsidiary

noun

a company that belongs to another company, which is usually referred to as the parent company or the holding company

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creditor

noun

a person or commercial enterprise to whom money is owed

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tariff

noun

a tax on imports or exports

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depreciate

verb

to decline in value

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