Business Acronyms
ASAP : As Soon As Possible COB : Close Of Business COP : Close Of Play EOD. : End Of Day PO : Purchase Order GR : Goods Receipt IR : Invoice Receipt R/E : Rate of Exchange (also called FX exchange) TOR : Terms of Reference P/C : Price, Current O/S : Out of Stock, differs from... OS : ...On Sample EBIT : Earnings Before Interests and Taxes; Shows the result of the company before Interest expenditures and Income Taxes. It differs from... EBITDA : Earnings Before Interests, Taxes, Depreciation and Amortization; ...that gives a more precise idea of final result (earnings or loss). It takes into account these two aspects of business in addition. BOY : Beginning Of the Year; Generally January, but in any case is considered the beginning of the financial year (for statements purpose). EOY : End Of the Year; Generally December, but in any case is considered the end of the financial year (for statements purpose). SOP : Standard Operating Procedures YTD : Year To Date; term generally used to indicate all the expenses a firm incurred in during a year (P&L) WIP : Work In Progress; Especially used for assets under construction. Company Departments - Functional Areas MKT : Marketing R&D : Research and Development H&S : Health and Security M&R : Maintenance and Repair HR : Human Resources IT : Information Technology AR : Account Receivable SG&A : Selling, General & Administrative (regroups many depts. generally excluding manufacturing only, or manuf. + R&D)
Common English idioms
Black Tie - Not a true idiom; however, it can be misleading. It does not mean 'Wear a black tie', but rather a ' DJ ' or dinner jacket and bow tie (alternatively a tuxedo) e.g. or eg. - exempli gratia , for example et al. - et alii , and others i.e. or ie. - id est , that is; in other words NB - Nota Bene , note well PS - Post Script , Written after the end of an informal letter. Used in order to include a piece of information forgotten to be included at the beginning of the letter RSVP - Repondez s'il vous plait , is an abbreviation for ‘répondez s’il vous plaît’, which means ‘please reply’. It is written on the bottom of a card inviting you to a party or special occasion. CV - Curriculum Vitae , Latin expression meaning "course of life" in other words, a resumee. N/A - Not Applicable RGDS - Regards