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295
innovative adj
1) an innovative product, method, process etc is
new, different, and better than those that existed be-
fore
2) using clever new ideas and methods – innova-
tively adv
insider trading n [U] when someone uses
knowledge of a particular company, situation etc that
is not available to other people in order to buy or sell
shares. Insider trading is
integration n [U] when two or more units, or-
ganizations etc combine so that they work more effec-
tively
integrity n [U]
1) the state of being united or kept together as one
whole, and therefore strong, unit
2) complete honesty
interest n
1) [U] an amount paid by a borrower to a lender,
for example to a bank by someone borrowing money
for a loan, or by a bank to a depositor (=someone
keeping money in an account there)
2) [U] the interest rate at which a particu-
lar sum of money is
borrowed and lent
3) [U] the part of a company that someone owns
4) [C] the possession of rights, especially to land,
property etc
interpreter n [C] someone who translates what
someone says from one language into another, espe-
cially as their job
inventory n plural inventories [C,U] AmE
1) a supply of raw materials or parts before they
are used in production, or a supply of finished goods.
Inventories of raw materials or parts are usually called
stocks in British English
2) a supply of goods, kept for sale by a shop or
other retailer. Inventories of goods are usually called
stocks in British English
inventory control n [U] AmE making sure that
supplies of raw materials, work in progress, and fin-
ished goods are managed correctly. Inventory control
is called stock control in British English
isolate v [T] to separate something so that it can
be dealt with by itself
jeopardize also -ise BrE v [T] to risk losing or
harming something
jet lag n [U] the tired and confused feeling you
can get after flying a very long distance
joint venture n [C] a business activity in which
two or more companies have invested together
junk adj [informal] junk mail/email/fax is mail
etc sent to someone who has not requested it, usually
to advertise something
knowledge worker n [C] someone whose job in-
volves dealing with information, rather than making
things
labor union n [C] AmE an organization repre-
senting people working in a particular industry or pro-
fession, especially in meetings with their employers.
Labor unions are called trade unions in British Eng-
lish
laisser-faire also laissez-faire n [U] the idea that
governments should do as little to the economy as
possible and allow private business to develop with-
out the state controlling or influencing them
launch
1
v [T]
1) to show or make a new product available for
sale for the first time
2) to start a new company
3) to start a new activity, usually after planning it
carefully
launch
2
n [C]
1) an occasion at which a new product is shown
or made available for sale or use for the first time
2) the start of a new activity or plan
leading edge n singular the area of activity where
the most modern and advanced equipment and meth-
ods are used
let v [T] BrE to allow someone to use a room or a
building in return for rent
letter of credit (l/c) n plural letters of credit [C]
in foreign trade, a written promise by an importer's
bank to pay the exporter's bank on a particular date or
after a particular event, for example when the goods
are sent by the exporter
level
1
n [C]
1) the measured amount of something that exists
at a particular time or in a particular place
2) all the people or jobs within an organization,
industry etc that have similar importance and respon-
sibility
level
2
v past tense and past participle levelled
BrE also leveled AmE present participle levelling
BrE also leveling AmE
level off/out phr v [I] to stop climbing or growing
and become steady or continue at a fixed level
liability n
1) [singular] an amount of money owed by a
business to a supplier, lender, or other creditor
2) liabilities [plural] the amounts of money owed
by a business considered together, as shown in its bal-
ance sheet
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