Business Word/Phrase of the Day

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AJOURN A MEETING  

26 May 2016

Phrase

  • to end a meeting.
Example Sentence: We adjourned the meeting until the next day.
 

SET-TO sɛtˌtu

25 May 2016

Noun

  • a sharp, usually brief argument or fight.
Example Sentence: The employees won several victories in November's set-to over overtime and perks.
 

TOP BRASS tɒp bræs

24 May 2016

Noun

  • people in the key positions of an organization or a company.
Example Sentence: The car manufacturer's top brass started panicking when share prices plunged at the beginning of Q2.
 

BIPARTISAN baɪˈpɑrtəzən

23 May 2016

Adjective

  • involving two political parties.
Example Sentence: Yesterday there was a bipartisan meeting on the issue of health care reform at the headquarters of the governing party.
 

TO WORK IN SHIFTS  

22 May 2016

Phrase

  • to work in a certain period of the day after and/or before another group of workers.
Example Sentence: After working on the night shift for half a year, James realized his sleep pattern became extremely problematic – he wasn't able to sleep at night on his days-off anymore.
 

CONTINGENCY FEE kənˈtɪndʒənsi fi

21 May 2016

Noun

  • (in the legal industry) a legal fee determined as a certain percentage of the award.
Example Sentence: We promised to pay a 10% contingency fee upon successful completion of the case, i.e. if we win and get our $10M compensation from the factory.
 

CAPPED FEE kæpt fi

20 May 2016

Noun

  • the maximum a company can charge for its services.
Example Sentence: The government has announced to cap tuition fees at $500 per month.
 

FLAT FEE flæt fi

19 May 2016

Noun

  • a fixed fee for a service that remains unchanged regardless of usage (e.g. a law firm is not paid by the hour for its services in a particular case but the type of case has a fixed fee)
Example Sentence: We will assist you with any business related legal issue and we offer you a flat fee payment option.
 

A GLUTTED MARKET glʌtɪd mɑrkɪt

18 May 2016

Noun

  • overfull; a market that is full of a certain product or service.
Example Sentence: They went bankrupt when the used tyre market of the country became glutted by cheap imported tyres.
 

GREEN SHOOTS grin ʃuts

17 May 2016

Noun

  • signs of recovery in times of an economic crisis or downturn.
Example Sentence: Today our chief economic correspondent will look at whether there are green shoots in the house building market this spring.
 

BLUE CHIP blu tʃɪp

16 May 2016

Noun

  • a company/investment that is usually profitable; whose shares that can be traded profitably and reliably in the stock market.
Example Sentence: US blue chip stocks fell today as the housing sector remains deeply depressed.
 

LIABLE laɪəbəl

15 May 2016

Adjective

  • likely to happen.
Example Sentence: Interest rates are liable to rise if market conditions don't change.
 

APTITUDE TEST æptɪˌtud tɛst

14 May 2016

Noun

  • a test which measures a person's ability to do a certain job
Example Sentence: Candidates will be required to complete an aptitude test.
 

AXE æksɪz

13 May 2016

Verb

  • to suddenly reduce or stop providing something.
Example Sentence: The product was axed a mere five weeks after it was launched.
 

AMORTISATION əˌmɔːtaɪˈzeɪʃən

12 May 2016

Noun

  • the repayment of debt in small regular amounts.
Example Sentence: Company earnings before interest, tax and amortisation grew by 10%.
 
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