CODIFICATION OF BUSINESS TERMS IN EXPLANATORY ENGLISH DICTIONARIES

Abstract

This article explores the importance, process, challenges, and implications of codifying business terms in explanatory English dictionaries. It discusses how codification ensures consistency and clarity in business communication across global markets, offering a standardized reference for professionals, students, and legal frameworks. The piece highlights the evolving nature of business terminology due to technological advancements and economic shifts and examines the challenges lexicographers face in balancing precision and accessibility. The article concludes by emphasizing the significance of well-defined business terms in enhancing transparency, reducing miscommunication, and supporting effective decision-making in the business world.