Most Looked-up Biz Words

Read the following passage focusing on words in bold:
Reference: "Merriam-Webster’s Most-Searched Business Words"

When Hewlett-Packard (HPQ), a technology company founded by two entrepreneurs in 1939, made the $11.1 billion acquisition last year of U.K.-based Autonomy, a big player in a niche market of semantic-search software—and long regarded for its high-value proprietary smarts—it would have been better for HP if the deal had been bogged down in the paperwork of bureaucracy and sluggish due diligence rather than expedited, because it turns out the stewardship at Autonomy may have patronized HP by providing fraudulent accounting, which led to the recent writedown of $8.8 billion, a development that leads one to wonder if the company obtained indemnification from angry investors’ damage claims.

Those nine highlighted words are the English language’s consistently most-looked-up business words, according to Merriam-Webster, a dictionary publisher. Are you familiar with all of these words? Here are definitions for those who’d look for convenience.

entrepreneur (n): a person who makes money by starting or running businesses, especially when this involves taking financial risks

acquisition (n): a company, piece of land, etc. bought by somebody, especially another company; the act of buying it

niche (n): an opportunity to sell a particular product to a particular group of people

proprietary (a): relating to an owner or to the fact of owning something

bureaucracy (n): the system of official rules and ways of doing things that a government or an organization has, especially when these seem to be too complicated

expedite (v): to make a process happen more quickly

stewardship (n): the act of taking care of or managing something, for example property, an organization, money or valuable objects

patronize (v):to treat somebody in a way that seems friendly, but which shows that you think that they are not very intelligent, experienced, etc

indemnify (v) [indemnification (n)]: to pay somebody an amount of money because of the damage or loss that they have suffered

I personally believe that words are best understood and memorized along with their context, which is in most cases the passage where those words are embedded.



English learner


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