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Business Dictionary :
Verify, Verification, Vertical,
Vessel, Vested and Vet
Verify, Verification, Vertical,
Vessel, Vested and Vet
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Verify : verb : to check to see if something is correct
Verification : noun : checking if something is correct
• The shipment was allowed into the country after verification of the documents by the customs.
Vertical : adjective : upright or straight up or down
Vertical Communication : communication between senior managers via the middle management to the workers
Vertical Integration = joining two business together which deal with different stages in the production or sale of a product
Vessel : noun : ship
Merchant Vessel = commercial ship which carries a cargo
Vested : adjective : vested interest = special interest in keeping an existing state of Affairs
• She has a vested interest in keeping the business working = she wants to keep the business working because she will make more money if it does.
Vet : verb : to examine something carefully
• All candidates have to be vetted by the managing director.
• The contract has been sent to the legal department for vetting.
NOTE : vetting - vetted
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