A company or organisation which owns more than 50% of the voting shares in another company, therefore the Parent Company controls management and operations in the other (subsidiary) company.

Known in the US as Trade-In. A payment method, usually when purchasing a car, in which the buyer gives something they own, for example a car, as part payment to the vendor for the more expensive item. The balance is usually paid in cash or with a loan.

Someone who works less hours than a full time employee on a permanent basis for a company, usually for a set number of hours a week.

A type of share/stock which gives a company’s shareholder the right to receive dividends and also extra payments relating to the company’s profits.

A business which is owned by two or more people, all sharing the profits and responsibility for managing the business.

Also called Party Selling. A method of marketing in which agents host parties, usually at someone’s home, to demonstrate and sell products to invited potential customers.

A computer language which is used to write programs, also used in teaching programming.

Describes customers who go into a shop, public house, etc., because they notice it as they are passing by.

An official document which grants an inventor or manufacturer sole rights to an invention or product.

A phrase sometimes printed on goods to show that a patent has been applied for but not yet granted.