Business Word/Phrase of the Day

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RECESSION rɪˈsɛʃən

25 Oct 2016


  • a period of economic decline and reduced consumption.
Example Sentence: After the boom of the 1980's the UK economy went into recession.

RECEIVABLES rɪˈsivəbəls

24 Oct 2016


  • money that a business expects to receive.
Example Sentence: The company generates roughly $400 million in receivables annually.

RAISE CAPITAL reɪz kæpɪtl

23 Oct 2016


  • to try to get money for a business venture.
Example Sentence: The factory was sold to raise capital.

PROFITABLE prɒfɪtəbəl

22 Oct 2016


  • making money or likely to make money in the future.
Example Sentence: The most profitable industries are those that are difficult to enter.

PARENT COMPANY pɛərənt kʌmpəni

21 Oct 2016


  • a company that owns control of one or more subsidiary companies.
Example Sentence: It is the parent company of several publishing firms.

OVERHEADS oʊvərˈhɛds

20 Oct 2016


  • regular costs that a business must pay, such as electricity, salaries, etc.
Example Sentence: Internet companies have much lower overheads.

OUTLOOK aʊtˌlʊk

19 Oct 2016


  • how the future looks based on current predictions.
Example Sentence: The outlook for small firms has worsened in recent months.

ON SCHEDULE ɒn skɛdʒul

18 Oct 2016


  • on time, according to a plan.
Example Sentence: He says that the building project is still on schedule.

OBSTACLE ɒbstəkəl

17 Oct 2016


  • something which makes it difficult to do something or get somewhere.
Example Sentence: Companies say that corruption is still the biggest obstacle in the region.

MOGUL moʊgəl

16 Oct 2016


  • a very wealthy or powerful person in business.
Example Sentence: He is described as the world’s most powerful media mogul.

MINUTES mɪnɪts

15 Oct 2016


  • the official notes taken in a meeting.
Example Sentence: The secretary took the minutes during the meeting.

LEVERAGE lɛvərɪdʒ

14 Oct 2016


  • the power to influence somebody's actions.
Example Sentence: Big companies have a lot of leverage over their business partners.

LETTER OF CREDIT /ˈbɛt ər ʌv ˈkrɛd ɪt/

13 Oct 2016


  • A Letter of Credit or L/C is a binding document that a buyer can request from his bank in order to guarantee that the payment for goods will be transferred to the seller. Basically, a letter of credit gives the seller reassurance that he will receive the payment for the goods. In order for the payment to occur, the seller has to present the bank with the necessary shipping documents confirming the delivery of goods within a given time frame. It is often used in international trade to eliminate risks such as unfamiliarity with the foreign country, customs, or political instability.
Example Sentences:We never release a shipment until a letter of credit has been issued.
The buyer applies to the bank for a letter of credit to be issued.

INTELLECTUAL PROPERTY ɪntlˈɛktʃuəl prɒpərti

12 Oct 2016


  • something that somebody creates which has value, esp. music, art, text, etc.
Example Sentence: The designer claims that her intellectual property rights were infringed.

HEADHUNT hɛdˌhʌnt

11 Oct 2016


  • to search for the perfect person for a job and offer them a lot of money to do it.
Example Sentence: He was headhunted for the position.