Business Word/Phrase of the Day

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TO SUBCONTRACT sʌbkənˈtrækt

29 May 2020

Verb

  • to pay a (third party) company or a person to carry out work that you have been given a contract to do earlier.
Example Sentence: Though we subcontracted manufacturing ages ago, we think carrying out the tasks related to design ourselves is crucial if we want to maintain the quality our customers are used to.
 

TO DISCONTINUE dɪskənˈtɪnyu

29 Apr 2020

Verb

  • to stop doing something e.g. production of a product.
Example Sentence: The company decided to discontinue operations last month because the factory was making losses.
 

INCENTIVE ɪnˈsɛntɪv

29 Mar 2020

Noun

  • something which encourages somebody to do something.
Example Sentence: The tax incentives are aimed at attracting more foreign business.
 

MUTUAL FUND myutʃuəl fʌnd

29 Feb 2020

Noun

  • Savings fund that uses cash from a pool of savers to buy securities such as stock, bonds and real estate.
Example Sentence: It was another good week for mutual fund investors as equity markets moved higher and came within striking distance of the 11,000-point mark.
 

ACCOUNTS RECEIVABLE əˈkaʊnt rɪˈsivəbəl

29 Jan 2020

Phrase

  • This is the amount billed to customers and due from them but not yet collected.
Example Sentence: You must maintain an accounts receivable ledger account for each customer you extend credit to.
 

TO APPLY FOR A LOAN  

29 Dec 2019

Verb

  • to give the bank information and to ask for a loan.
Example Sentence: He applied for a car loan at his bank.
 

DEPENDANT dɪˈpɛndənt

29 Nov 2019

noun

  • A dependant is someone who depends on you for financial support, such as a child or family member who does not work.
Example Sentences: My pension will provide financial stability for my dependants.
The insurance provides coverage for workers and their dependants.
 

TO CALL IT QUITS  

29 Oct 2019

phrase

  • To call it quits is to stop doing something, or to agree with someone that a debt has been paid and that no one owes anything more.
Example Sentences: I reckon we owe you about the same as you owe us. Why don't we just call it quits?
I paid for last week's shopping and you paid for this week's, so let's call it quits.
 

PAYMENT TERMS /pā′mənt tʉrmz/

29 Sep 2019

phrase

  • Conditions under which a seller will make a sale. Typically, these terms specify the period allowed to a buyer to pay off the amount due, and may demand cash in advance, cash on delivery, deferred payment period of 30 days or more, etc.
Example Sentences:According to our payment terms, invoices must be settled within 14 days.
We couldn’t accept their payment terms so we chose another supplier.
 

FLIGHT OF CAPITAL flaɪt ʌv kæpɪtl

29 Aug 2019

Phrase

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

STAGNATE stægneɪt

29 Jul 2019

Verb

  • to not grow or develop.
Example Sentence: Property sales in villages near the factory have stagnated.
 

IN-HOUSE ɪnˌhaʊs

29 Jun 2019

Adjective

  • provided or carried out by the company and not by an external contractor.
Example Sentence: We are arranging an in-house training course for managers.
 

LUCRATIVE lukrətɪv

29 May 2019

Adjective

  • making a lot of money.
Example Sentence: He has signed a lucrative deal with a new record label.
 

TEASER CAMPAIGN tizər kæmˈpeɪn

29 Apr 2019

Phrase

  • an advertising campaign that attracts the attention of people.
Example Sentence: The teaser campaign was run 3 months before product was launched.
 

IMAGE ɪmɪdʒ

29 Mar 2019

Noun

  • how something is seen and understood by others.
Example Sentence: The company gained a bad image following the scandal.
 
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