Business Word/Phrase of the Day

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EXPLOIT ɛksplɔɪt

30 Apr 2016

Noun

  • use to your benefit.
Example Sentence: The country's resources are not being fully exploited.
 

BENEFICIARY bɛnəˈfɪʃiˌɛri

29 Apr 2016

Noun

  • the person who will receive something.
Example Sentence: I was the sole beneficiary in my father's will.
 

BANKER’S DRAFT bæŋkərs dræft

28 Apr 2016

Noun

  • a written promise from a bank to pay money, especially to another bank.
Example Sentence: We require a banker's draft to secure the deal.
 

APPOINT əˈpɔɪnt

27 Apr 2016

Verb

  • to officially give somebody a job, task or responsibility
Example Sentence: He was appointed as head of the investigation.
 

ALLIANCE əˈlaɪəns

26 Apr 2016

Noun

  • a group which is held together by an agreement, especially political or military.
Example Sentence: The UK and US formed a military alliance in Iraq.
 

SUM SOMETHING UP  

25 Apr 2016

Phrasal Verb

  • to summarise something; to outline the main points.
Example Sentence: Can we sum up what was said in the meeting.
 

ACQUISITION ˌækwəˈzɪʃən

24 Apr 2016

Noun

  • the process of getting or buying something, especially another business.
Example Sentence: The company will pay $210 million in cash to complete the acquisition.
 

OFFHAND ɔfˈhænd

23 Apr 2016

Adverb

  • without preparation and without thinking about something.
Example Sentence: He couldn't tell me offhand whether the item in question is tradeable or not. He promised to check the details and then get back to me.
 

ANNUAL GENERAL MEETING  

22 Apr 2016

Noun

  • one of the most important meetings of the shareholders of a company or the members of an organization, where they discuss results of the past year, make decisions about future plans, discuss budget etc.
Example Sentence: I hope they will accept my report at the AGM next week – I've been working on it for quite a while and it may have an effect on my promotion prospects.
 

TO SOW THE SEEDS  

21 Apr 2016

Phrase

  • to start a process etc that is going to have a certain result.
Example Sentence: Capital inflows could sow the seeds of a new renaissance.
 

TO CEDE sid

20 Apr 2016

Verb

  • to give rights, some land, an area, a part of something to another person/company/country etc, usually unwillingly.
Example Sentence: In 1664 New Amsterdam was ceded to the British.
 

TO STICK TO THE POINT  

19 Apr 2016

Phrase

  • to continue with a topic without changing it or digressing from it.
Example Sentence: Could you please stick to the point? We've been listening to you for long minutes now and you still haven't explained your real reasons.
 

FORECAST fɔrˌkæst

18 Apr 2016

Noun

  • prediction; a statement concerning the future of something (e.g. a market segment, a product, exchange rates).
Example Sentence: The agency issued a gloomy forecast about the future of the sector.
 

TO REVIVE rɪˈvaɪv

17 Apr 2016

Verb

  • to make something strong and healthy again after a difficult period.
Example Sentence: Policy makers have been struggling to revive the economy and experts say the right measures have been introduced to this end.
 

TO LUBRICATE lubrɪˌkeɪt

16 Apr 2016

Verb

  • to make something run/operate more smoothly.
Example Sentence: The government intended to lubricate the financial wheels with the help of a series of measures.
 
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