Oxford Business English Dictionary for Learners of English

work when they are not there: the assistant manager о the Assistant Director assisted 'area noun [c] in the UK, a region that receives financial support from the government in order to encourage new industries assistive /a'sistiv/ adjective providing help for people whose physical condition makes it difficult for them to use computers and other equipment: assistive aids such as screen readers for people who are blind о the development of assistive-technology products for disabled people assn. (also spelled Assn.) abbr {especially AmE) {only used in written English)

a short way of writing association: a survey from the American Management Assn.

Assoc. abbr {plural Assoc. or Assocs.) (only used in written English)

(used in titles) a short way of writing Association: the Assoc. of British Travel Agents

(used in names of companies, etc.) a short way of writing Associate or Associates: L. Horton and Assocs.

associate /a'saujiat; -siat; AmE a'sou-/ noun, adjective

noun [C]

a person that you work with or do business with; a business partner: one of my business associates о a senior associate

Associates used in the name of an organization to show there are a number of professional partners: Carver & Associates

a member of an organization who does not have all the rights of ordinary members: Some MBA students are summer associates at the company.

adjective [only before noun]

(often used in titles) having a similar job as sb else but of a lower rank: New Zealand's associate finance minister

used to describe a member of an organization who does not have all the rights of ordinary members: associate membership of the European Union

associate 'company {also associated

'company) noun [c]

a company of which more than 20% but less than 51% of the shares are held by another company

Associated /a'saujieitid; -sieit-; AmE a'sou-/ adjective

used in the name of a business company that is made up of a number of smaller companies: Associated Newspapers

associated 'company = associate company

association /a.sauJTeiJn; -si'ei-; AmEa.sou-/ noun

see also: articles of association, brand building and loan freedom of industry memorandum of savings and loan etc.

asst (also spelled Asst) abbr a short way of writing assistant: sales asst wanted о asst managers assume /a'sju:m; AmEa'su:m/ verb [+ obj or no obj]

to think or accept that sth is true but without having proof of it: It is reasonable to assume (that) sales will improve, о These fuels are assumed to be non-polluting, о Our forecasts assume an average oil price of $55 a barrel.

to take or begin to have power or responsibility: She will assume the role of chairperson on July 1. о Under the deal, RT Group assumes full control of Ultramast.

as sumed 'debt (also as.sumed lia'bilities) noun [c.u]

(,Accounting) the debts that a company has that another company agrees to be responsible for paying when it buys the first company: They bought the business for $2.9 bn in cash and $2.3 bn in assumed debt. assurance /a'Jo.-rans; -'Juar-; AmEa'Jur-/ noun [U]

№

see also: life assurance, quality term ~

(,Insurance) a type of insurance in which an amount of money is always paid out, for example when sb dies or after a fixed period of time: the business assurance division о an assurance policy insurance See note at insurance

assure /a"J'o:(r); -'Jua(r); AmEa'Jur/ verb [+ obj] 0BrE)

(,Insurance) (usually be assured) to insure sb/sth, so that money will be paid out, for example when sb dies or after a fixed period of time: You can assure your life for 10,15 or 20 years, о We will pay your dependants double the original sum assured. assured (2)

assured /a'Jo:d; -'Juad; AmE-'Jurd/ adjective

certain to happen or to be available: assured coal supplies о The quality of the product range is assured.

assured income/market/profit/supply

(Insurance) the assured noun [C] (plural the assured) {BrE) the person who is insured in a contract with an insurance company: A tax-free sum is guaranteed if the life assured dies within the specified period, [syn] insured assure