Business Definition–noun | 1. | an occupation, profession, or trade: His business is poultry farming. | | 2. | the purchase and sale of goods in an attempt to make a profit. | | 3. | a person, partnership, or corporation engaged in commerce, manufacturing, or a service; profit-seeking enterprise or concern. | | 4. | volume of trade; patronage: Most of the store's business comes from local families. | | 5. | a building or site where commercial work is carried on, as a factory, store, or office; place of work: His business is on the corner of Broadway and Elm Street. | | 6. | that with which a person is principally and seriously concerned: Words are a writer's business. | | 7. | something with which a person is rightfully concerned: What they are doing is none of my business. | | 8. | affair; project: We were exasperated by the whole business. | | 9. | an assignment or task; chore: It's your business to wash the dishes now. | | 10. | Also called piece of business, stage business. Theater. a movement or gesture, esp. a minor one, used by an actor to give expressiveness, drama, detail, etc., to a scene or to help portray a character. | | 11. | excrement: used as a euphemism. | –adjective | 12. | of, noting, or pertaining to business, its organization, or its procedures. | | 13. | containing, suitable for, or welcoming business or commerce: New York is a good business town. | —Idioms | 14. | business is business, profit has precedence over personal considerations: He is reluctant to fire his friend, but business is business. | | 15. | do one's business, (usually of an animal or child) to defecate or urinate: housebreaking a puppy to do his business outdoors. | | 16. | get down to business, to apply oneself to serious matters; concentrate on work: They finally got down to business and signed the contract. | | 17. | give someone the business, Informal. | a. | to make difficulties for someone; treat harshly: Instead of a straight answer they give him the business with a needless run-around. | | b. | to scold severely; give a tongue-lashing to: The passengers will give the bus driver the business if he keeps driving so recklessly. | | | 18. | have no business, to have no right: You have no business coming into this house. | | 19. | mean business, to propose
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to take action or be serious in intent; be in earnest: By the fire in his eye we knew that he meant business. | | 20. | mind one's own business, to refrain from meddling in the affairs of others: When he inquired about the noise coming from the neighbor's apartment, he was told to mind his own business. | |
From Dictionary
Liability Definition–noun, plural -ties. | 1. | liabilities, | a. | moneys owed; debts or pecuniary obligations (opposed to assets ). | | b. | Accounting. liabilities as detailed on a balance sheet, esp. in relation to assets and ca
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pital. | | | 2. | something disadvantageous: His lack of education is his biggest liability. | | 3. | Also, li⋅a⋅ble⋅ness. the state or quality of being liable: liability to disease. | |
From Dictionary
Insurance Definition–noun | 1. | the act, system, or business of insuring property, life, one's person, etc., against loss or harm arising in specified contingencies, as fire, accident, death, disablement, or the like, in consideration of a payment proportionate to the risk involved. | | 2. | coverage by contract in which one party agrees to indemnify or reimburse another for loss that occurs under the terms of the contract. | | 3. | the contract itself, set forth in a written or printed agreement or policy. | | 4. | the amount for which anything is insured. | | 6. | any means of guaranteeing against loss or harm: Taking vitamin C is viewed as an insurance against catching colds. | –adjective | 7. | of or pertaining to a score that increases a team's lead and insures that the lead will be held if the opposing team should score once more: The home run gave the team an insurance run, making the score 7-5. | |
From Dictionary
Related topics from Britannicacasualty insurance
provision against loss to persons and property, covering legal hazards as well as those of accident and sickness. Major classes of casualty insurance include liability, theft, aviation, workers' ...
Travelers Insurance
leading American insurance company with a history of mergers, acquisitions, and spin-offs, largely in the insurance and financial services industries.business law
the body of rules, whether by convention, agreement, or national or international legislation, governing the dealings between persons in commercial matters.insurance
Business liability contracts commonly written include the following: liability of a building owner, landlord, or tenant; liability of an employer for acts of negligence involving employees; liability ...
insurance
Liability insurance arises mainly from the operation of the law of negligence. Individuals who, in the eyes of the law, fail to act reasonably or to exercise due care may find themselves subject to ...
insurance
Practically all liability insurance policies contain limitations on the maximum amount of a judgment payable under the contract. Further, the cost of defense, supplementary payments, and punitive ...
insurance
Known as malpractice, or errors-and-omissions, insurance, professional liability contracts are distinguished from general business liability policies because of the specialized nature of the ...
Business and Industry Review
World insurance news in 1996 was again highlighted by losses from catastrophes. The crash off Long Island of TWA Flight 800, which caused 230 deaths, had $600 million of potential liability. By 1996 ...
Business and Industry Review
Sharp price and product competition characterized the private insurance world in 1995, enhanced by company consolidations and restructurings to reduce expenses. Catastrophes of many kinds tested the ...
Business and Industry Review
The three "C's"--computers, consolidations, and competition--highlighted the insurance industry in 1997. While companies scrambled to prepare for the "year 2000" computer problem, mergers and ...
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