using tranwrd and translate on variables or in a loop

Hi all;

can the arguments of tranwrd and translate be variables?

I have a dataset with 2 columns. The first has the names of companies.
some of the names contain terms like ltd, co, limited etc. The second
variable has the list of such terms to be removed.
I need to remove each of the terms from each of the company name
wherever they occur.
I tried using tranwrd and translate but the replacement was only
rowwise.

ie

Name Terms_to_remove Result_obtained Result_desired
abc co ltd co abc ltd abc
abc co ltd abc co abc
abc limited limited abc abc
abc limited abc limited abc

Please tell me how could I do this using translate or tranwrd.
Is there any other better way to do this?

Thanks and regards