Word A Day

empowerment
A management practice of sharing information, rewards, and power with employees so that they can take initiative and make decisions to solve problems and improve service and performance. Empowerment is based on the idea that giving employees skills, resources, authority, opportunity, motivation, as well holding them responsible and accountable for outcomes of their actions, will contribute to their competence and satisfaction.
 
illiquid
Firm without enough cash to meet its current needs and obligations. Illiquidity is one of the major causes of business failure because a firm can survive without profit for a while but not without cash. Even firms rich in fixed assets (land, buildings, machinery) become insolvent from want of cash because it takes time to convert these assets into cash, and that too usually at a loss in value.
 
jabberwocky - meaningless speech or writing

EXAMPLES
"The salesman started spewing computer jabberwocky at me like an auctioneer. I understood about every sixth word he uttered."
 
amortize

verb

1
: to pay off (as a mortgage) gradually usually by periodic payments of principal and interest or by payments to a sinking fund
2
: to gradually reduce or write off the cost or value of (as an asset)
EXAMPLES
"It's time we made permanent decisions on policy that begin to amortize and reduce our debt over time...."
 
intemperate
adjective

1: not moderate or mild : severe
2: lacking or showing lack of restraint
3: given to excessive use of alcoholic beverages


EXAMPLES
The journalist eventually apologized for her intemperate rant against the governor.

"Judge Dougan was forced to defend himself not for even a hint of corruption or intemperate behavior, but merely because the district attorney disagreed with his decisions."
 
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