Word List: legal issues (copy)

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  • price fixing
    • (noun) an illegal agreement between two or more companies about what they will charge their customers The European Commission is investigating allegations of airline fare price-fixing. ZMOWA CENOWA
  • bribery
    • (noun) an attempt to make someone do something for you by giving the person money, presents, or something else that they want The organization was rife with bribery and corruption. ŁAPÓWKARSTWO
  • penalty clause
    • (noun) a statement in an official agreement of the amount of money that someone will need to pay if they break the rules of the agreement Check the small print before you sign any agreement and watch out for any penalty clauses. KLAUZULA KAR UMOWNYCH
  • notice
    • (noun) an official statement saying you are leaving your job or telling you your job has ended I got my 30-day notice yesterday at work. WYPOWIEDZENIE
  • power of attorney
    • (noun) the legal right to make financial or business decisions for someone else, especially because they are old or too ill to deal with things themselves He has power of attorney over his father's affairs. PEŁNOMOCNICTWO
  • embezzle
    • (verb) to secretly take money that is in your care or that belongs to an organization or business you work for She embezzled thousands of dollars from the charity. DEFRAUDOWAĆ
  • infringe on something
    • (verb) take away the rights or limit one's freedom These restrictions infringe upon basic human rights. NARUSZAĆ...
  • defer
    • (verb) to delay something until a later time My bank has agreed to defer the repayments on my loan. ODRACZAĆ
  • a lease
    • (noun) a legal agreement in which you pay money in order to use a building, piece of land, vehicle, etc. for a period He has the house on a long lease. DZIERŻAWA
  • abolish
    • (verb) to end an activity or custom officially The government ought to abolish the tax altogether. ZNIESĆ
  • legal entity
    • (noun) a company or organization that has legal rights and responsibilities, for example the right to make contracts and the responsibility to pay debts All companies whose affairs are regulated by the Corporation Act are legal entities. OSOBA PRAWNA
  • natural person
    • (noun) one single person: A "consumer" is "any natural person who is acting for purposes which are outside his trade, business, or profession". OSOBA FIZYCZNA
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In this set you're going to practise vocabulary relating to legal issues connected with running a company.