Words and phrases used talking about money, with definitions - free for students of business English who need to learn business vocabulary. Business English for ESL learners.
If you want to be successful in business, it's important to have a strong grasp of money-related vocabulary. From terms like "net profit" to "liquid assets," understanding the language of business finance is essential.
One of the most important things to understand is the difference between assets and liabilities. Assets are anything that has monetary value and can be used to generate income. Liabilities, on the other hand, are anything that costs money.
In order to make money, businesses need to generate more revenue than they have in expenses. The difference between these two numbers is called the "net profit." To achieve a positive net profit, businesses need to bring in more money through sales than they spend