Business jargons

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Business jargons

  1. 1. Business Jargons By: Gaurav Agarwal
  2. 2. RECONCIL To explain or account for the difference between two amounts
  3. 3. BILLBACK Term used to describe a situation where a branch charge back a supply for quantity/price discrepancies or for miscellaneous charges
  4. 4. RIF A generic reduction in force, of undetermined method. Often pronounced like the word riff rather than spelled out. Sometimes used as a verb, as in "the employees were pretty heavily riffed".
  5. 5. ORO Office Records Only -A term used to refer to a cost only entry, indicating that no documentation need be sent to the customer.
  6. 6. TRANSACTION REGISTER A detail of all transactions affecting a particular account in a given fiscal month
  7. 7. SIMS INVENTORY Computerized system that tracks inventory at each Facility location by Vender Catalog
  8. 8. OOO Out Of Office- Person not available on his/her desk at that time
  9. 9. THANK YOU

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