Words / B / Business

bylaws

noun/ˈbaɪlɔːz/

B2CEFR level
50/100Rarity: uncommon
TechnicalRegister

The internal rules adopted by a company to govern its own conduct and the management of its affairs.

Amending the bylaws to introduce cumulative voting required a supermajority of shareholders.

Similar: articles, regulations

Topic: Corporate governance in Business English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More business words: Corporate governance