business relationship
Học thuậtThân thiện
Definition
Noun: A formal, professional connection between two or more parties, typically involving commercial or financial interactions. This relationship is often established through an agreement or contract to provide or receive specific services on a regular basis.
Usage
This term describes the structured, ongoing connection between entities like a bank and its client, a brokerage and an investor, or a company and its customer. It implies a degree of formality and mutual obligation beyond a single transaction.
Examples
- The company values its long-standing business relationship with the supplier.
- Maintaining a good business relationship requires trust and clear communication.
- He ended the business relationship after the contract expired.
Advanced Usage
- "To cultivate a business relationship": To actively develop and nurture a professional connection.
- She attended the conference to cultivate new business relationships.
- "At arm's length": Describing a business relationship that is conducted in a formal, impersonal manner to avoid conflicts of interest.
- Even though they are brothers, they keep their business relationship strictly at arm's length.
Variants and Related Words
- Business connection: A slightly less formal term for a professional association.
- Commercial relationship: A synonym emphasizing the trade or commerce aspect.
- Account (in this context): The specific contractual arrangement that formalizes the business relationship with a service provider (e.g., a bank account, brokerage account).
- He asked to see the executive who handled his account.
Synonyms
- Professional association
- Commercial partnership
- Client-vendor relationship
Antonyms
- Personal relationship
- Informal arrangement
Related Phrases
- "To be in a business relationship with": To have an established professional connection.
- Our firm has been in a business relationship with them for a decade.
- "The terms of the business relationship": The specific conditions and rules governing the professional connection.
- The new contract will redefine the terms of our business relationship.
Noun
- a formal contractual relationship established to provide for regular banking or brokerage or business services
- he asked to see the executive who handled his account