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Business Word/Phrase of the Day

word-phrase-descEvery day we publish a business word or phrase together with audio pronunciation, phonetics, definition and example sentences. This is a great way to improve your workplace vocabulary as well as your pronunciation. To receive 'Business Word/Phrase of the Day' by email, just subscribe to our newsletter from the link above. 

TO HANG UP ONE'S BOOTS  

13 May 2024

phrase

  • To hang up your boots is to retire from your job or profession.
Example Sentences: After 40 years in the police force, Paul finally hung up his boots.
After winning the World Rugby Cup, Martin Johnson, England's captain, hung up his boots.
 

LEAD TIME /lēd tīm/

13 Apr 2024

phrase

  • the time from when an order is sent from a customer to a supplier until the ordered products arrive at the customer
Example Sentences:Our lead time is between 7 and 10 days depending on the customer’s location.
Is there anything you can do to shorten your lead time? We need the delivery within a week.
 

INSURANCE BENEFITS ɪnˈʃʊərəns bɛnəfɪts

13 Mar 2024

Noun

  • the amount of money the policy will pay after a claim.
Example Sentence: The insurance benefits of this life insurance policy are paid up to $100,000.

 

 

CONCOURSE kɒnkɔrs

13 Feb 2024

Noun

  • the large space or room in a public building such as a station or airport which people gather in or pass through.
Example Sentence: There are plenty of shops and restaurants in the airport concourse.

 

 

FACE-TO-FACE feɪs tu feɪs

13 Jan 2024

Phrase

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

SHORE UP ʃɔr ʌp

13 Dec 2023

Phrase

  • to make a system or organisation stronger and less likely to fail.
Example Sentence: The president has promised to shore up the economy.
 

FREE REIN fri reɪn

13 Nov 2023

Noun

  • allow somebody to do whatever they want.
Example Sentence: Each department had free rein to make decisions and set procedures.
 

LOOPHOLE lupˌhoʊ

13 Oct 2023

Noun

  • a mistake in the law that allows people to do something that they should not.
Example Sentence: Their lawyers found a loophole in the law and they were acquited.
 

TALK SHOP tɔk ʃɒp

13 Sep 2023

Phrase

  • to talk about your job in a boring way.
Example Sentence: I'm not going to the office party. Everyone will just talk shop!
 

GO ON STRIKE  

13 Aug 2023

Phrase

  • collectively stop working because of poor conditions or pay.
Example Sentence: The teachers are going to go on strike to protest about low salaries.
 

ACQUISITION ækwəˈzɪʃən

13 Jul 2023

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.
 

PUT OFF pʊt ɔf

13 Jun 2023

Phrasal Verb

  • postpone.
Example Sentence: They had decided to put the wedding off until her brother came home from abroad.
 

BACK OUT bæk aʊt

13 May 2023

Phrasal Verb

  • leave the negotiation.
Example Sentence: They backed out of the deal at the last minute.
 

OVERHEADS oʊvərˈhɛds

13 Apr 2023

Noun

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

TURNOVER tɜrnˌoʊvər

13 Mar 2023

Noun

  • the rate at which employees join and leave a company.
Example Sentence: The turnover of workers in the new restaurant business is very high.
 
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