Bribery and corruption
The Bribery Act, and the corporate offence of failing to prevent it.
Every trade has words it uses without explaining. In business the cost of not knowing one is real: some of them are ordinary jargon and some of them are a decision that can take a house.
Please note: This page explains what a term means. It is general information, not legal, financial, tax or investment advice, and it does not know anything about your business. Before you sign, file or commit to anything, check it with an accountant, a solicitor, or the official guidance we link to.
Studying business? We write GCSE revision songs, and there is one for business studies. Listen to the revision playlist.
500 terms, showing 41–50 (page 5 of 50).
The Bribery Act, and the corporate offence of failing to prevent it.
A plan expressed in money. Useful as a decision, useless as a wish.
How much cash your business consumes each month over and above what comes in.
Third-party recognition. Credibility, at a cost in time.
A separate account for the business. Legally required for a company, and sensible for anyone.
Also called BCP, Disaster recovery, Contingency planning
What you do when something stops the business. Written down before it happens, or improvised badly during it.
What happens if a supplier you depend on stops.
Testing the plan rather than writing it. The part that gets skipped.
What lenders and suppliers see when they check you. Based largely on filed accounts.
Agreeing what your own words mean. Prevents an entire class of confusion.
If there is a word you have been nodding along to, tell us and we will write it up. This library exists because of the questions people were too polite to ask.
Ask us to add a termAccessibility toolkit
Done