English for Business – Important Business English Vocabulary & Terms

Business English is a specialised area of English relating to the language used in business.It is an important field for EFL learners...


1. "Money & Finance" Vocabulary

  • Banknote

Piece of paper money

  • Budget

Amount of money available or needed for a specific use

  • Cashier

A person dealing with cash transactions in a bank, shop, etc.

  • Loan

An amount of money that a person, business or country can borrow, especially from a bank

  • Pretty Cash

Small amount of cash available for everyday expense

  • Currency

The money used in a country

  • Lend

Give or allow the use of money, which must be returned, usually with interest.

  • Borrow

Obtain money which must be returned.

2. Some Important Business Terms

  • Hourly

Happening every hour.

  • Quarterly

Done or produced four times a year.

  • Monthly

Happening once a month.

  • Weekly

Happening every week.

  • Annual

Happening once a year.

  • Biannual

Happening twice a year.

3. Business Abbreviations & Acronyms

  • VAT  - Value Added Tax
  • a/c - account
  • GMT - Greenwich mean time
  • attn. - for the attention of
  • e.g. - For example
  • Ltd - Limited
  • VIP - Very Important Person
  • GDP - Gross Domestic Product
  • CC  - copy to
  • ASAP - As Soon As Possible


  • CEO - Chief Executive Officer
  • PA - Personal Assistant
  • PRO - Public Relations Officer
  • CIO - Chief Information Officer
  • Director R&D - Director of Research and Development
  • HRM - Human Resources Manager

4. "Employment & Jobs" Vocabulary

  • Assessment

Evaluation of one’s abilities

  • Resign

Leave a Job voluntarily

  • Employee

Person who works for a firm or a company

  • Fire

To dismiss from a Job

  • Maternity Leave

Period of absence for a female employee when having a baby

  • Hire

Employ or take on personnel in a company

  • Make redundant

Dismiss for economic reasons

  • Employers

Person or firm who employs people

  • Employee

Someone who is paid to work for someone else

  • Worker

Someone who does jobs, especially low ranking job.

  • Co-worker

Someone who works with you and has a similar position.

  • Home worker

Someone who does their job in their home.

  • Part-time

Someone who has a part-time job, works for only parts of each day or week

  • Colleague

Someone who works with you, used especially by professional people

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