Business Word/Phrase of the Day

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NET WORTH /nɛt/ /wɜrθ/

26 Jul 2017

phrase

  • Net Worth is the value of a person’s assets, including cash, minus total liabilities. It is often used as an underwriting guideline to indicate an individual's creditworthiness and financial strength.
Example Sentences:He may appear to be rich, but his net worth is quite small, actually. He has 95% mortgages on most of his properties.
Bill Gates’ net worth increased dramatically over the past year due to the good performance of Microsoft’s shares.
 

LOAN /loʊn/

25 Jul 2017

noun or verb

  • A loan is a written or oral agreement for a temporary transfer of a property (usually cash) from its owner (the lender) to a borrower who promises to return it according to the terms of the agreement, usually with interest for its use.
  • If you loan something, such as money, to someone, you lend it to them. You expect them to return it later to you.
Example Sentences:The bank gave me a loan of $3,000.
Can you loan me $10?
 

FLIGHT OF CAPITAL flaɪt ʌv kæpɪtl

24 Jul 2017

Phrase

  • large-scale withdrawal of investment from a country.
Example Sentence: The recent flight of capital was caused by political unrest.
 

FLAT MARKET flæt mɑrkɪt

23 Jul 2017

Noun

  • a market that is characterised by little activity.
Example Sentence: The sale of sewing machines is a flat market with few surprises.
 

FACE-TO-FACE feɪs tu feɪs

22 Jul 2017

Phrase

  • in the same place, especially of meetings.
Example Sentence: We had our first face-to-face meeting on Wednesday.
 

EXTENSIVE ɪkˈstɛnsɪv

21 Jul 2017

Adjective

  • covering a large area or range.
Example Sentence: They carried out extensive market research before the launch.
 

EXCLUSIVE ɪkˈsklusɪv

20 Jul 2017

Adjective

  • not shared with others; only for a certain group.
Example Sentence: They have the exclusive right to sell the product in Japan.
 

EXCEED ɪkˈsid

19 Jul 2017

Verb

  • to go beyond a certain number or point.
Example Sentence: Costs will exceed last year's projections if we do not act soon.
 

ESSENCE ɛsəns

18 Jul 2017

Noun

  • the most important part of an idea, a system etc.
Example Sentence: The essence of her message was that costs must be reduced.
 

DIRECT MAIL dɪˈrɛkt meɪl

17 Jul 2017

Noun

  • a form of advertising when promotional letters are sent to potential customers.
Example Sentence: They started to promote their service by using direct mail.
 

DEREGULATION diˈrɛgyəˌleɪt

16 Jul 2017

Noun

  • the reduction of rules that aim to control an industry .
Example Sentence: Their success is partly due to deregulation of the industry.
 

CUSTOMER LOYALTY kʌstəmər lɔɪəlti

15 Jul 2017

Noun

  • the likelihood customers will stay with a company and resist competitive offers.
Example Sentence: The supermarket is hoping to boost customer loyalty with the new reward scheme.
 

CURRENCY CONTROL kɜrənsi kənˈtroʊl

14 Jul 2017

Noun

  • controlling the exchange of foreign money to protect domestic interests.
Example Sentence: The national bank is introducing currency controls to support industry.
 

COPYRIGHT INFRINGEMENT kɒpiˌraɪt ɪnˈfrɪndʒmənt

13 Jul 2017

Noun

  • the illegal production and sale of a product protected by law.
Example Sentence: The record company is suing the man for copyright infringement.
 

COPYCAT kɒpiˌkæt

12 Jul 2017

Noun

  • something which is an intentional imitation/copy of something else.
Example Sentence: Following their success, there are many more copycats appearing.
 
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