Definition of unsecured loan: a borrowing arrangement where the lender seeks no collateral or security over the assets of the borrower to repossess in the event that the borrower defaults …

Definition of subsidiary: a company which is primarily owned by another company, rather than external shareholders. What is a subsidiary? A subsidiary is a descriptive term for a company in …

Definition of outsourcing: The purchase of ready-made goods or services from other businesses rather than producing them in-house from scratch. What is outsourcing? In plain English, outsourcing is when a …

Definition of organisational structure: The shape of reporting lines between people and departments in an organisation, which defines how the business is managed and who makes key decisions. What is …

Definition of liquidation (business): The winding up of a company by realising the cash value of its assets to settle its liabilities. What is liquidation? Liquidation is a word which …

Definition of Key Performance Indicators (KPIs): A metric, ratio or data point used to measure the performance of an organisation. What is a Key Performance Indicator (KPI)? In business, a …

Definition of code of ethics (business): A reference guide providing guidance to employees to help them understand expected behaviours and guide them through moral dilemmas. What is a code of …

Definition of the chief executive officer (CEO): The highest-ranking manager in an organisation, who is ultimately responsible for decision-making. What is a CEO? A CEO is the boss of any …

Definition of business model: The way in which a business adds value, creates a product or service and delivers it to the customer. What is a business model? A business …

Definition of business ethics: A strand of applied ethics, which explores moral dilemmas and ethical decision-making in a business context. What is business ethics? Business ethics is a practical branch …

Definition of break-even: The point at which the net income generated from an investment decision has covered the costs. What is break-even analysis? Break-even analysis is a fairly straight forward …

Definition of bankruptcy: The legal process initiated when an individual or company is unable to repay their debts. What is bankruptcy? Bankruptcy means different things in different countries. Bankruptcy is …