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Glossary Business & Economy

Valuation

An estimate of what a business is worth, usually derived from earnings, revenue or comparable companies. It is a judgement, and reasonable analysts often reach very different ones.

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API

An application programming interface: a defined way for one piece of software to ask another for…

Referendum

A direct public vote on a single question. Whether the result binds the government depends on…

IPO

An initial public offering: the first sale of a company's shares to public investors. It raises…

Artificial intelligence

Software that performs tasks normally associated with human judgement, such as recognising images or writing text.…

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