Oxford Business English Dictionary for Learners of English

see also: demo version, demonstration version versus /Чзкяц AmE 'v»:rsas/ preposition (abbr v, vs)

used to compare two different ideas, choices, etc: Well need to hire more people to finish the project quickly—it's time versus money.

[Law) used to show that two sides are against each other in a legal case: in the case of the State versus Ford

vertical /'V3:tikl; AmE'V3:rt-l adjective

having a structure in which there are top, middle and bottom levels: a vertical flow of communication

(about a line, etc.) going straight up or down from a level surface or from top to bottom in a picture, etc: the vertical axis of the graph

horizontal

vertical disinte grationnoun [u](,Economics) a situation where a company stops producing some goods or parts itself and starts to buy them from an outside supplier vertical

integration

.vertical 'equitynoun [u](.Economics) the principle that people with different characteristics should be treated in different ways, for example that the rate of tax people pay should vary according to their level of income horizontal equity

.vertical inte gration (also .vertical ex pansion)

noun [u](also .vertical 'merger [c])(,Economics) a situation where a company buys one of the companies which supplies it with goods or which buys goods from it: The company moved onestep closer to vertical integration after acquiring itsdistributors. backward integration, forward

integration, horizontal integration, vertical disintegration—Picture at integration

.vertical 'loadingnoun [u](HR) the fact of giving sb more responsibility in their job, more power to make decisions, etc: Vertical loading challenges employees to grow in their jobs. -» horizontal loading, job enrichment

vertical 'merger = vertical integration

.vertical segregationnoun [u](HR) used to describe a situation where women have less chance than men of getting jobs at a high level in a company, an industry, etc. -> glass ceiling, horizontal segregation

vessel /'vesi/ noun [с], a large ship or boat

an ocean-going/a sea going vessel ♦ a cargo/ commercial/container/freight/merchant vessel

vest /vest/ verb (Finance)

[+ obj or no obj] (about shares in a company, especially ones given to employees) to come to the end of an agreed period after which their owner has the right to sell them: The CEO's share option will vest/become vested after four years.

[no obj] to agree to keep your shares in a company for at least a particular period of time: Even the founder of the company had to vest as a guarantee to investors.

ШЗД 'vest in sb/sth [Law) to be controlled by sb/sth legally: In the case of bankruptcy, the property shall vest in the trustee, 'vest sth in sb/sth; 'vest sb with sth (Law) (usually be vested in/with)

to give sb the legal right or power to do sth: Overall authority is vested in the Supreme Council, о The Supreme Council is vested with overall authority.

to make sb the legal owner of land or property

vested /'vestid/ adjective (AmE) (Law) (about an employee) having the right to receive a particular amount ot benefits after working for a fixed number of years: If you haven't 595 vice-

worked for your employer long enough to be fully vested, you will not have a right to your full pension.

.vested 'interest noun [c]

a personal reason for wanting sth to happen, especially because you get some financial advantage from it: The bank has a vested interest in seeing your business succeed.

a group of people who have a personal reason of this kind for wanting sth to happen: The government will challenge the vested interests that control so much power.

vesting /'vestiq/ noun [U] (AmE) (Law) the process of an employee getting the right to receive full pension or other benefits

vet /vet/ verb [+ obj] (-tt-)