ILSPT (04) - Basic English Vocabulary for Business and Administration

under seal

signed and sealed (pod pieczęcią)

express / implied (terms of a contract)

clearly stated / not clearly stated

contractual liability

legal responsibility that arises when a party fails to fulfill the obligations agreed upon in a contract (odpowiedzialność kontraktowa)

to sue (for damages)

to take legal action to claim compensation for a loss (pozwać o odszkodowanie)

to void

to become invalid (unieważnić)

binding

having the legal ability to force someone to do something (wiążący)

to abide by

to accept a rule or follow a custom (przestrzegać)

terms and conditions

the rules and requirements that define the rights and duties of parties in an agreement (warunki umowy)

to be obliged to

to be legally forced to do something (zobowiązany)

provision

a rule that is part of a law or an agreement (zapis, postanowienie)

to amend (terms and conditions)

to change

to comply with (clause)

to obey an order, rule, or request (stosować się do)

commencing

which starts (wchodzący w życiu, rozpoczynający się)

period of notice

he time between giving notice and the end of a contract or job (okres wypowiedzenia)

amalgamation (of banks)

the merging of two or more companies into one (połączenie)

controlling interest

if someone has a controlling interest in a company, they own enough shares in it to control its management (pakiet kontrolny)

third party

a third person or organization less directly involved in a matter than the main people or organizations that are involved (strona trzecia)

wage

money paid to an employee on a weekly basis (tygodniówka)

salary

money paid to an employee on a monthly basis (pensja)

remuneration

money that an employee receives for doing the job (wynagrodzenie)

to work overtime / to do overtime

to work for more than the normal working time (nadgodziny)

increment

an automatic and regular increase in pay (przyrost)

to dock (wage)

to remove money from somebody's wages (potrącić z wypłaty)

double time

time for which work is paid at twice the normal rate (podwójna stawka)

time and a half

time for which work is paid +50% extra the normal rate (150% stawki)

pension plan

an arrangement for saving money to give you income when you stop working (program emerytalny)

rise

when you want to earn for more money you ask for it (podwyżka)

advance / sub

when an employee needs some of his/her wages paid before the usual pay day, he/she asks for it (zaliczka)

pay slip

a piece of paper given to an employee to show how much they have earned and any deductions (= amounts taken off for income tax, etc.) in a particular period (pasek wypłaty)

bonus

an extra payment made in addition to a normal payment (premia)

pay roll

the list a company keeps that shows all the people employed and paid by that company (lista płac)

rewards package

the money and other benefits offered with a job (pakiet)

weighting

an additional amount of money paid to an employee to compensate him/her for living in an expensive area (dodatek mieszkaniowy)

leave entitlement

the right to take paid holidays (prawo do urlopu)

income

the money that people receive for working (przychód)

expenditure

the money that people spend (wydatki)

stock options

a right given to buy stocks at a price lower than the normal price (opcje na akcje)

incentive plans

offering employees extra rewards and benefits for ex. good attendance (program motywacyjny)

rate

the amount of money an employee receives each hour, week, etc. (stawka)

redundancy pay

all the payments and advantages that a company gives to workers who have lost their jobs because they are no longer needed (odprawa)

discount

opportunity to buy something for less than the usual price

relocation allowance

money given to cover costs of moving for work (pakiet relokacyjny)

danger money

extra money paid to employees, who work in jobs where there is a risk of personal injury (dodatek za niebezpieczną pracę)

gross (economy)

the total amount before any deductions, such as taxes or expenses (brutto)

net (economy)

he amount remaining after all deductions, such as taxes or expenses (netto)

index-linked

adjusted according to changes in a price index, such as inflation (powiązane z inflacją)

commensurate with (age, experience)

in a correct and suitable amount compared to something else (współmierne z)

(wages paid) arrears

paid at the end of the working period

direct deposit

payment directly through bank transfer (przelew na konto)

performance related (pay)

based on how well an employer carries out their duties (zależne od wydajności)

golden handshake

a usually large payment made to people when they leave their job, either when their employer has asked them to leave or when they are leaving at the end of their working life, as a reward for very long or good service in their job (złoty spadochron)