compliance

Vocabulary Word

Definition

'Compliance' is the act of obeying an order, rule, or request. It's like abiding by the law or following the guidelines set by a supervisor at work.

Examples in Different Contexts

In finance, 'compliance' is crucial to ensure that companies adhere to financial laws and regulations. A finance manager might say, 'We have a dedicated compliance team to oversee our financial transactions and ensure everything is in order.'

Practice Scenarios

Creative

Scenario:

Our new campaign includes a lot of sourced material. We have to be careful about its copyright implications.

Response:

Agreed, we should triple-check everything to ensure full compliance with copyright laws.

Business

Scenario:

Our company is expanding internationally and we need to consider the regulatory environment in the new market.

Response:

Absolutely, we need to prioritize compliance with all international laws and regulations in the new markets.