Meaning & use

inter-company

adjective·Advancedbusiness

Last updated

UK/ˌɪntəˈkʌmpəni/
US/ˌɪntərˈkʌmpəni/

Meanings

  1. adjectivebefore a nounbusiness

    Happening or existing between two or more different companies.

    Grammar: Comes before a noun and is not used after a verb: 'inter-company trade', not 'the trade is inter-company'.

    Patterns

    • inter-company loans
    • inter-company trade
    • inter-company transactions

    The group arranged inter-company loans to move cash between its divisions.

    Inter-company trade between the two firms grew by ten percent last year.

    Accountants must record every inter-company transaction carefully.

  2. adjectivebefore a nounbusiness

    Involving communication or competition between different companies in the same industry.

    Grammar: Often used with words like 'communication', 'rivalry' or 'cooperation'.

    Patterns

    • inter-company rivalry
    • inter-company communication
    • inter-company cooperation

    Inter-company rivalry kept prices low for customers.

    The conference encouraged inter-company communication among small suppliers.

Common combinations

inter-company loans
The parent company made inter-company loans to its overseas branches.
inter-company transactions
All inter-company transactions must be listed in the report.
inter-company trade
Inter-company trade makes up a large part of their business.
inter-company rivalry
Inter-company rivalry can slow down an entire industry.

Synonyms and how they differ

cross-company
Cross-company is similar but often stresses movement across companies, as in 'cross-company teams'.
interfirm
Interfirm is a more formal, less common term used mainly in economics.

Opposites

intra-company

Word family

inter- prefix
A prefix meaning 'between' or 'among', as in 'international'.
company noun
A business organization that sells goods or services.

Commonly confused: inter-company or intra-company?

inter-company vs intra-company

'Inter-company' means between different companies, while 'intra-company' means within a single company.

Practice

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