International Business Vocabulary

noun the fact or quality of being generally accepted or in use

• The exchange rate between the two currencies fluctuates daily.
• I need to exchange my currency before traveling abroad.
• I'm broke, I don't have any currency left.
• Time is the currency of life, spend it wisely.

adjective describing something that is global or encompassing the entire world

adverb modifying a verb or adjective to indicate that something is happening or existing throughout the world

• The company has a world wide presence with offices in over 50 countries.
• People from world wide are attending the conference next week.
• I have friends from all over the world wide who love to travel.
• Her influence in the industry is world wide, reaching every corner of the market.

noun a stamp or seal used by a company or organization to authenticate documents or transactions

• The company chop is a stamp or seal used to authenticate official documents.
• Make sure you get the company chop on the contract before submitting it.
• Hey, can you pass me the company chop so I can sign these papers?
• His approval is like the company chop, it gives legitimacy to the project.

noun A common abbreviation for 'Personal Learning Network', which refers to a network of people and resources that a person uses to support their learning and professional development.

• The company's budget planning includes the allocation of funds in PLN for various projects.
• I need to convert my Euros to PLN before my trip to Poland.
• Let's grab some PLN from the ATM for tonight's party.
• His ideas are worth more than a million PLN in the business world.

noun the act of allowing a financial services firm registered in one member state of the European Union to provide services in another member state without having to establish a physical presence in that state

verb present participle of the verb 'passport', which means to allow a financial services firm to operate in another country without needing to go through additional regulatory processes

• The company relies on passporting rights to provide financial services across the EU.
• If you want to work in Europe, you'll need to understand passporting regulations.
• I heard they're cracking down on passporting, so be careful when traveling abroad.
• In the world of business, having strong passporting abilities can open up new opportunities.