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. To receive 'Business Word/Phrase of the Day' by email, just subscribe to our newsletter. You can choose whether to receive notifications daily, weekly or monthly. Simply click on the link on the right to subscribe. It's free!

OPTION ɒpʃən

01 Mar 2020

Noun

  • The right to buy and sell certain securities at a specified price and period of time.
Example Sentence: Part of the deal is that we are given options to buy 100,000 shares at 0.35c a share.
 

BURN RATE bɜrn reɪt

01 Feb 2020

Phrase

  • Refers to the amount of money a start-up company spends from month to month (money burnt) in order to survive.
Example Sentences: A burn-rate of $50,000 would mean the company spends $50,000 a month above any incoming cash flow to sustain its business.
Our current burn rate is US$15,000 per month. At this rate, we'll be able to continue operating the business until the end of the year.
 

TO ISSUE A CREDIT CARD  

01 Jan 2020

Phrase

  • to give a credit card to a customer.
Example Sentence: The bank issues three kinds of credit cards.
 

SPLASH OUT /splæʃ aʊt/

01 Dec 2019

Phrasal Verb

  • to spend a lot of money on something you don't need, but is very pleasant.
Example Sentence: When the city traders get their annual bonus, they splash out on everything from sports cars to luxury houses.
 

LICENCE līˈsəns

01 Nov 2019

noun

  • A licence is an official document which gives you permission to own, do or use something, usually after you have paid money and/or taken a test. (UK ENGLISH: License)
Example Sentences: Do you need a licence to operate a fork-lift truck?
The police officer checked his driving licence.
 

IN SHORT SUPPLY  

01 Oct 2019

Phrase

  • to not have enough of something.
Example Sentence: Experienced computer programmers are in short supply in our company.
 

TRADEOFF treɪdˌɔf

01 Aug 2019

Noun

  • a situation in which you accept something bad in exchange for something good.
Example Sentence: They may be willing to accept the tradeoff of a higher price for time saved.
 

BUYOUT baɪˌaʊt

01 Jul 2019

Noun

  • when a person or group buys control of a company.
Example Sentence: A private equity firm has completed its $3.5bn buyout of the UK music group.
 

MEET DEMAND mit dɪˈmænd

01 Jun 2019

Phrase

  • manage to supply enough of something.
Example Sentence: The company is struggling to meet the sudden demand.
 

TRANSPARENT trænsˈpɛərənt

01 May 2019

Adjective

  • clear and open for all to see.
Example Sentence: People want the government to have more transparent processes.
 

MAKE GAINS meɪk geɪns

01 Apr 2019

Phrase

  • to achieve a stronger position or get positive results (especially business)
Example Sentence: He's confident that the company will make gains in the near future.
 

BILL OF LADING  

01 Mar 2019

Noun

  • a receipt from a carrier confirming that the goods have been received.
Example Sentence: States may require freight carriers to provide their bill of lading.
 

TAKEN IN teɪkən ɪn

01 Feb 2019

Phrasal Verb

  • believe.
Example Sentence: She was completely taken in by the man's story.
 

CATCH UP kætʃ ʌp

01 Jan 2019

Phrasal Verb

  • reach same point.
Example Sentence: I've been on holiday and need to catch up with the latest developments.
 

RECEIVABLES rɪˈsivəbəls

01 Dec 2018

Noun

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