Business Word/Phrase of the Day

word-phrase-descEvery day we publish a business word or phrase together with audio pronunciation, phonetics, definition and example sentences. To receive 'Business Word/Phrase of the Day' by email, just subscribe to our newsletter. You can choose whether to receive notifications daily, weekly or monthly. Simply click on the link on the right to subscribe. It's free!

INSUFFICIENT FUNDS /ɪnsəˈfɪʃənt fʌnd/

20 Nov 2017

Adj

  • not enough money in an account.
Example Sentences: The cheque was returned because of insufficient funds.
 

TO TRANSFER FUNDS  

19 Nov 2017

Verb

  • to move money from one account to another.
Example Sentence: He wanted to transfer funds from his savings account to his checking account.
 

TO DEBIT AN ACCOUNT  

18 Nov 2017

Verb

  • to record money subtracted from an account.
Example Sentence: His account was debited a $4.00 service charge.
 

TO CREDIT AN ACCOUNT  

17 Nov 2017

Verb

  • to record money added to an account.
Example Sentence: The teller credited his account with his deposit of $50.
 

A RECEIPT /rɪˈsit/

16 Nov 2017

Noun

  • the act of receiving or a written record of a transaction.
Example Sentence: The teller gave the customer a receipt for his deposit.
 

TO CASH A CHEQUE  

15 Nov 2017

Verb

  • to exchange a paper cheque for money.
Example Sentence: Ms Jones cashed a cheque she had received from selling her investments.
 

TO ENDORSE A CHEQUE  

14 Nov 2017

Verb

  • to sign the cheque on the back.
Example Sentence: She endorsed the back of the cheque in order to cash it.
 

A TELLER /tɛlər/

13 Nov 2017

Noun

  • the person in the bank who takes deposits and withdrawals inside the bank.
Example Sentence: Several tellers were busy helping bank customers in the lobby.
 

TO WITHDRAW /wɪðˈdrɔ/

12 Nov 2017

Verb

  • to take money out of an account. Also, withdrawal is the noun form.
Example Sentences: He withdrew enough money to pay off his loan.
Ms. Lowell made a withdrawal of $175.
 

TO DEPOSIT /dɪˈpɒzɪt/

11 Nov 2017

Verb

  • to put money in a bank. Also, deposit is the noun form.
Example Sentence: Mr Sims opened his account with a deposit of $2,000 and his wife deposited $500.
 

TO AUTHORIZE /ɔθəˌraɪz/

10 Nov 2017

Verb

  • to permit.
Example Sentence: By signing his name, he authorized the bank to take money out of his account.
 

A SIGNATURE /sɪgnətʃər/

09 Nov 2017

Noun

  • your name, written by hand. "To sign" means to write your name.
Example Sentence: His signature was required to open an account.
 

A TRANSACTION /trænˈsækʃən/

08 Nov 2017

Noun

  • a business action such as putting money into an account or taking it out.
Example Sentence: There have been several transactions on the account since last month.
 

BREAK INTO breɪk ɪntu

07 Nov 2017

Phrasal Verb

  • enter
Example Sentence: American banks are starting to break into the British finance market.
 

DIP INTO /dɪp ɪntʊ/

06 Nov 2017

Phrasal Verb

  • to spend part of your saved money.
Example Sentence: I've had to dip into my savings to pay for the repairs to the apartment.
 
Menu