Business Definitions

The American Heritage® Dictionary of Business Terms

Business is a broad term that relates to any corporation, industry, sole proprietorship or entity engaged in the practice of making money, usually by producing goods or services. For those involved in the business world--which is almost everyone, in some way or another, the American Heritage Dictionary of Business Terms can provide you with the information to get you through business communications.

Businesses use a wide variety of terms that the layperson might not know. From assets to liabilities, balance sheets to income statements, and equity to leverage and capital reserves, the language of business can sound foreign, even to a native speaker. Today, with the changing tax laws, the growing need to plan for your own retirement, and the fact that you need to understand your mortgage lest you find yourself the victim of a foreclosure, knowing all of the business terms used on a regular basis is the key to success in the business world.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin
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