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Business A to Z

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. Five hundred of them, in plain English.

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 181–190 (page 19 of 50).

E

Employment status

Also called Worker status, Employee vs contractor, Self-employed status

Whether someone is an employee, a worker or genuinely self-employed. Decided by the facts, not by what the contract says.

Employment tribunal

Where employment claims are heard. Free to bring, and ACAS conciliation comes first.

EORI number

The identifier you need to move goods in or out of the UK.

Equality at work

The nine protected characteristics and the four kinds of discrimination.

Equity

Also called Shares, Shareholding, Stock

Ownership of the company, expressed as shares. The most expensive money you will ever raise, and sometimes the right money.

Escalation and exit clause

Also called Termination clause, Notice period, Break clause

How a contract ends. Worth reading before you sign, because it is read at the point when everybody is already unhappy.

Exit interviews

Asking people why they are leaving. Useful if somebody acts on the answers.

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