Oxford Business English Dictionary for Learners of English

how easily sth/sb is seen or noticed by the public: The advertisements were intended to increase the company's visibility in the marketplace.

(Accounting) the fact that it is possible to see the activities and the financial state of a company from its accounts

.visible balance = balance of trade

.visible 'exportsnoun [pi ] (Economics) goods, not services, that are sold to other countries visibles

.visible importsnoun [pi ] (Economics) goods, not services, that are bought from other countries -» visibles

visibles /'vizablz/ noun [pi.] (,Economics) imports and exports that are goods not services -» invisibles, visible exports, visible

imports

visible 'tradenoun [u](Economics) goods, not services, that are sold to or bought from other countries -» invisible trade

vision /'vi3n/ noun

[C] an idea of how the future will be: In her presentation she outlined her vision of how the market would change over the next few years. О a common/corporate/shared/strategic vision

[u] the ability to think about or plan the future with great imagination and intelligence: He had the clarity of vision to sell his Internet company before the market crashed, о lack of vision

visioning /Ччзэшд/ noun [U] the process of senior managers or directors thinking about and planning what they would like the future of their company or organization to be: visioning exercises/workshops

'vision .statementnoun [c] an official statement of how a company or an organization would like to be in the future

mission statement

.visual 'aidnoun [c, usually pi.] a picture, video, etc. used in teaching or giving talks to help people to learn or understand sth

vocation /vau'keijn; AmEvou-/ noun [c] a type of work or way of life that you believe is especially suitable for you: Nursing is not just a job—it's a vocation, о graphic designers and other pe&ple with arommercial vocation о He has a vocation for teaching. See note at job

vocational /vau'keijanl; AmE vou-/ adjective connected with the skills, knowledge, etc. that you need to have in order to do a particular job

vocational courses/education/guidance/ qualifications/training

voicemail (also spelled voice mail) /'voismeil/ noun

[u] an electronic system for storing telephone messages: To reply to this message by voicemail, press 2. о We have voicemail after business hours.

[c,u] a message stored on this system: If I'm not in my office, leave a voice mail.

'voice-.overnoun [c](,Marketing) information or comments in a television advertisement, etc. that are given by a person who is not seen on the screen: She earns a lot of money doing voice-overs for TV commercials.

voice recognition noun [u] (It) a system that allows you to give a computer spoken instructions: People who can't use a keyboard can use voice recognition for spoken commands, [syn] speech recognition

voice-recognition programs/software/systems/ technology

void /void/ adjective, verb

adjective

[Law) (about a contract, an agreement, etc.) not valid or legal: The agreement was declared void. null and void

verb [+ obj]

(Law) to state officially that sth is no longer valid: A decision was made to void the contract. [SYN] NULLIFY

voidable /'voidabl/ adjective (Law) (about a contract) that can be made no longer legally valid in particular circumstances, for example if one of the people or groups that sign the contract acts in a dishonest way: The contract is voidable for fraud.

vol.abbr a short way of writing volume

volatile /'vDlatail; AmE 'va:latl/ adjective

likely to change suddenly in value, state, etc: Food prices are highly volatile (= they rise or fall very suddenly), о UK carmakers saw record losses in a volatile market last year. See note at stock

volatile markets/prices/shares/stock/trading

(Technical) (about a substance) that changes quickly into a gas: Petrol is a volatile substance.