{"id":5348,"date":"2016-04-05T09:00:58","date_gmt":"2016-04-05T13:00:58","guid":{"rendered":"https:\/\/blogs.transparent.com\/english\/?p=5348"},"modified":"2016-01-14T21:44:30","modified_gmt":"2016-01-15T02:44:30","slug":"business-english-abbreviations","status":"publish","type":"post","link":"https:\/\/blogs.transparent.com\/english\/business-english-abbreviations\/","title":{"rendered":"Business English abbreviations"},"content":{"rendered":"
\"Image<\/a>

Image by Joe Houghton on Flickr.com is licensed under CC BY 2.0.<\/p><\/div>\n

For all those ESL learners who use English for business purposes here are some important abbreviations for you to know. This is not a list of all business-related abbreviations (that list would be too long), but these are some of the most important abbreviations in my opinion. If you know any abbreviations that I should add to this list let me know by posting comment below.<\/p>\n

Business English abbreviations:<\/strong><\/p>\n

AP<\/strong> \u2013 Accounts Payable \u2013 payments owed by a company to a supplier or creditor<\/p>\n

CEO<\/strong> \u2013 Chief Executive Officer \u2013 the top most executive in a for-profit organization or business<\/p>\n

CFO<\/strong> \u2013 Chief Financial Officer \u2013 the person primarily responsible for managing the financial risks of a business or corporation<\/p>\n

CIO<\/strong> \u2013 Chief Investment Officer \u2013 the person responsible for a company’s investment portfolio by managing and monitoring all business investment activity<\/p>\n

COO<\/strong> \u2013 Chief Operating Officer \u2013 the person who oversees ongoing business operations within a business or company; the COO reports to the CEO and is usually second-in-command at a company<\/p>\n

FIFO<\/strong> \u2013 First In First Out \u2013 an asset-management method that involves using assets that are acquired first before assets that acquired later (or second)<\/p>\n

HR<\/strong> \u2013 Human Resources \u2013 a person (or department) that is responsible for administration, hiring, and training all the people employed in a company<\/p>\n

HQ<\/strong> \u2013 headquarters \u2013 the building that is the main administrative center of an organization; often the place where the top most people in a company work<\/p>\n

K<\/strong> \u2013 an abbreviation for 1,000; for example, $350K is the same as $350,000<\/p>\n

LLC<\/strong> \u2013 Limited Liability Company \u2013 a company that is set up so that members of the company cannot be held personally liable or responsible for company debt if the company has financial problems<\/p>\n

MBA<\/strong> \u2013 Master\u2019s of Business Administration \u2013 a graduate degree in business<\/p>\n

MOQ<\/strong> \u2013 Minimum Order Quantity \u2013 the minimum amount that can be ordered of a particular product that a company sells<\/p>\n

NAV<\/strong> \u2013 Net Asset Value \u2013 the value of a business\u2019 assets minus the value of its liabilities<\/p>\n

NYSE<\/strong> \u2013 New York Stock Exchange \u2013 the world’s largest stock exchange located in New York City on Wall street<\/p>\n

PR<\/strong> \u2013 Public Relations \u2013 a person (or a department) that spreads information about a business or company and answers questions about the company<\/p>\n

P&L<\/strong> \u2013 Profit and Loss \u2013 a financial statement that summarizes the revenues, costs, and expenses that a company has during a specific period of time, often a quarter (1\/4 of a year)<\/p>\n

R&D<\/strong> \u2013 Research and Development \u2013 a department in a business that conducts research into making or developing new products<\/p>\n

ROI\u00a0<\/strong> \u2013 Return on Investment \u2013 a financial term that refers to a number that a business looks at to see if an investment will be profitable<\/p>\n

USP<\/strong> \u2013 Unique Selling Proposition \u2013 this refers to the unique qualities of a product that make it something people want to buy over another similar product<\/p>\n

VAT<\/strong> \u2013 Value Added Tax \u2013 tax on certain goods and services (used in Europe)<\/p>\n

WO<\/strong> \u2013 work order \u2013 an order received by a business from a customer to create something or complete certain work<\/p>\n

YTD<\/strong> \u2013 Year-to-Date \u2013 the period from the beginning of the year to the present time; often used when talking about profit, loss, or productivity<\/p>\n

Abbreviations that only have the first letter of the abbreviation capitalized:<\/strong><\/p>\n

Asst.<\/strong> \u2013 assistant \u2013 a person who works with and assists a person of ranks (a senior person) in a business<\/p>\n

Dept.<\/strong> \u2013 department \u2013 a division of a large organization<\/p>\n

Dir.<\/strong> \u2013 director \u2013 a person who is in charge of an activity, department, or organization<\/p>\n

Ltd.<\/strong> \u2013 limited \u2013 a corporation or business that has limited financial liability or responsibility if the company has financial problems<\/p>\n

Inc.<\/strong> \u2013 incorporated\u00a0 \u2013 this indicates that a company has been legally declared a corporate entity, separate from its owners<\/p>\n

mfg.<\/strong> \u2013 manufacturing \u2013 the making of\u00a0 goods on a large scale using machinery<\/p>\n

I welcome other contributions to this list!<\/p>\n","protected":false},"excerpt":{"rendered":"\"\"

For all those ESL learners who use English for business purposes here are some important abbreviations for you to know. This is not a list of all business-related abbreviations (that list would be too long), but these are some of the most important abbreviations in my opinion. If you know any abbreviations that I should…<\/p>\n

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