Course glossary


Here are some worlds which should be familiar for you till the end of the course, try to cover them when you will have free time.


Browse the glossary using this index

Special | A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z | ALL

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T

Triple bottom line

People, planet, profit. The bottom line was originally considered as just profit. In recent years, with the growth in popularity of corporate social responsibility, businesses are increasingly measuring project success not only in monetary terms, but also by examining their social and environmental performance.


Turnover

The total sales of a business or company during a specified period.


U

Unit trust

A unit trust invests money in the stock market on behalf of a group of private investors that have put all their money together to invest and be managed by a fund manager.


Unquoted shares

Some companies choose to not be listed on the stock market, or they may not meet the listing requirements. Therefore the shares are ‘unquoted’.


V

Venture capital

Capital invested into projects with higher risks, usually start-up businesses.


Vertical merger

A merger between companies that are in the same industry but are not at the same production stage. For example, if a car manufacturer buys a tyre company. They are part of the car manufacturing industry, but now the car maker can reduce the cost of tyres.


Volume

The number of shares traded in a day on the London Stock Exchange.


W

Without-profits policy

An insurance policy that does not share in the profits of the business that issued it.


Working Capital

This is the capital a business uses in its day-to-day trading. It’s the difference between current assets and current liabilities. It provides an indication of liquidity and the businesses ability to meet its current obligations.


Work-life balance

The balance in demands of both life at work and personal life.



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