Summary
Summary glossary English for SME 2b
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glossary English for SME 2b
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MrSmart123
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Runs-Over-Rebecca = Doesn’t respect the agenda or timekeeper.Consistently runs the meeting over by asking questions
and clearing up “one last thing.”
Talks-a-lot-Ted = Monopolizes discussion time and kills other ideas
because there isn’t enough time to hear them all.
On-The-Phone-Phil = Is always checking emails, texts, or other things on their
phone or laptop, never paying attention to the
meeting.
Neil-Knows-It-All = The subject matter expert who the group often
defers to
for advice. But that doesn’t mean their personal agenda
s or biases aren’t clouding their judgement.
Silent-Sheila = Never contributes to discussions or action items.
They sit silently, letting everyone else do the work.
Will-Never-Work-Wes = No matter what idea is put forth, this person always
responds with “That’ll never work.” This person
thinks constantly playing “Devil’s Advocate” shows they
are on top of the discussion. Turns out this person is just
annoying.
Vocabulary:
Agenda = the points that are going to be discussed
To designate = to choose someone / to assign someone a specific task
Minutes = notes/summary of the meeting – highlights, goals that
were achieved, topics for next meeting
Motion = proposal that has to be voted on (not passed)
resolution (passed), part of the meeting minutes
Deliberation = to discuss the motion
A conference call = a meeting with someone outside the meeting
room
Brainstorm = thinking hard about a specific topic and come up with
different ideas
To collaborate = to work together
To cast a ballot = to vote
Secret ballot = anonymously <> Open ballot = show of hands
The ayes have it = the ‘yes’-side wins
Consensus = almost everyone agrees
Unanimous = everyone agrees
,Proxy = a substitute = somebody who will go in your place to vote in
your name
Wrap up = bring the meeting to a close (any questions, need
to sign anything)
To adjourn a meeting = you end the meeting or you suspend the meeting
-> This meeting is adjourned / we are going to
adjourn this meeting to next week
Compliance = following laws
Cash flow management = The regular tracking and control of the business’s
cash inflows and outflows to avoid shortfalls.
Budgeting = The process of creating and following a plan to
control income and expenses over a period of
time.
Financial statements = Documents that provide an overview of a
company’s financial status, including the balance
sheet, income statement, and cash flow
statement.
Cost management = The strategic setting of prices and monitoring of
expenses to maintain a balance between
competitiveness and profitability.
Debt management = The ability to understand and manage borrowed
money effectively, including repayment terms
and interest.
Financial planning and analysis = The analysis and strategic use of funds,
debt, and equity to prepare for business growth
and goals.
Tax compliance = The knowledge and processes required to follow
legal tax requirements and maximize after-tax
profits.
1. Being in the red/black means you are in credit.
2. A loan/grant is money which doesn’t need to be repaid.
3. A creditor/debtor owes money.
4. An interest/dividend payment is part of a profit paid to shareholders.
5. Assets/liabilities are the total amounts of money owed by a business.
6. An overdraft/a return is the amount of profit made on an investment.
7. To go into liquidation/debt is when a company stops operating because of
financial difficulties.
, 8. A deposit/collateral is security for a loan in the form of assets which could
be sold if the debt is unpaid.
Venture Capital: Investment in startups or small businesses with high
growth potential, typically in exchange for equity.
Private Equity: Investment in established companies to improve their
performance and eventually sell for profit.
Angel Investment: Funding provided by wealthy individuals to early-stage
startups in exchange for ownership or equity.
Government Funds: Financial support provided by government bodies to
promote public initiatives, businesses, or economic
growth.
Crowdfunding: Raising money from a large number of people, usually
online, to fund a project or business.
Installment loans = Fixed-term loans with set monthly payments, provided
as a lump sum upfront (also called term loans).
Revolving loans = Used to finance day-to-day operations like inventory,
payroll, and rent, and repaid with the business's
incoming cash flows.
Cash flow loans = Used to finance day-to-day operations like inventory,
payroll, and rent, and repaid with the business's
incoming cash flows.
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