Archive for the ‘Word of the Day’ Category

Executive Summary

A concise review of a longer document. Generally appears at the beginning of that longer document but frequently gets separated from it. Sometimes abbreviated as ExecSum.

Usage: Sometimes the executive summary is all that anyone will read. That’s why it’s so important.

Term of Art

A word or phrase that has a specific meaning in a specific company or industry and may have legal standing or a technical specification. Informally, jargon.

Usage: In the electric utility business, the word “reliability” might be a term of art that refers to a measure of unexpected power outages and whether or not the outage exceeds three seconds.

Rocket Scientist

Slang term for a brainy newcomer or a super-smart and educated individual.

Usage: You don’t need to be a rocket scientist to learn how to conserve energy.

Accrediated Investor

Term defined by US securities law to describe someone who earns at least $200,000 per year or has at least $1 million in net worth and is interested in making certain types of risky investments.

Usage: The entrepreneur was looking for accredited investors so he could raise the funds to expand his business.

Off Street Parking

May 31, 2016

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In: Meme, Word of the Day

Off-Street-Parking

Area or structure for the parking of motor vehicles.

Usage: The carport at the rear of the house provides convenient off-street parking.

#realestate

Domestic

Describing business activity that takes place in the country in which the business resides. Opposite of foreign.

Usage: An international corporation will make a distinction between domestic and foreign markets.

Issue

A subject or a situation that needs to be investigated or resolved.

Usage: While some thought the issue might become a problem, others thought that the investigation would prove that everything was just fine.

API

Application Program Interface. Interface that allows software programs to interact. Not to be confused with UPI or AP, which are news organizations.

Usage: Programmers are able to program company specific applications once the API is published.

Secondary Research

Research originally conducted for a purpose other than one under consideration.

Usage: Secondary research is done to identify what is already known and findable.

Manufactured (Mobile) Home

May 24, 2016

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In: Meme, Word of the Day

Manufactured-(Mobile)-Home

Dwelling that is constructed in a factory to the Manufactured Home Construction and Safety Standards.

Usage: A manufactured house might be referred to as a mobile home even though it doesn’t move.

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