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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. 

LOAN /loʊn/

25 Mar 2024

noun or verb

  • A loan is a written or oral agreement for a temporary transfer of a property (usually cash) from its owner (the lender) to a borrower who promises to return it according to the terms of the agreement, usually with interest for its use.
  • If you loan something, such as money, to someone, you lend it to them. You expect them to return it later to you.
Example Sentences:The bank gave me a loan of $3,000.
Can you loan me $10?
 

CONFERENCE kɒnfərəns

25 Feb 2024

Noun

  • an event, sometimes lasting a few days, at which there are a group of talks on a particular subject, or a meeting in which especially business matters are discussed formally.
Example Sentence: They frequently hold conferences at that hotel. This week there’s a conference on marketing in China.

 

 

BACKPACKING bækˌpækɪn

25 Jan 2024

Verb

  • go travelling usually on a small budget carrying all your possession in a backpack.
Example Sentence: Many students spend a year or two backpacking, through Asia or South America, after they complete their university study.

 

 

BROCHURE broʊˈʃʊər

25 Dec 2023

Noun

  • a magazine that advertises a company's products or services.
Example Sentence: I saw some holiday brochures on the table. Are you going away?
 

GET DOWN TO BUSINESS  

25 Nov 2023

Phrase

  • start doing the thing that you intend to do.
Example Sentence: Let's get down to business! What is the first item on the agenda?
 

SCARCE skɛərs

25 Oct 2023

Adjective

  • not enough of something available, especially a resource.
Example Sentence: Water is scarce in some regions of Africa.
 

AFTER-SALES SERVICE  

25 Sep 2023

Noun

  • service that is provided after something has been sold.
Example Sentence: The company was praised for its excellent after-sales service.
 

INNOVATE ɪnəˌveɪt

25 Aug 2023

Verb

  • to create, develop or design new technology or products.
Example Sentence: The mobile phone industry constantly needs to innovate.
 

COMMISSION kəˈmɪʃən

25 Jul 2023

Noun

  • money which is paid when somebody achieves certain targets.
Example Sentence: The salary is average but they can earn commission on top.
 

TURN UP tɜrn ʌp

25 Jun 2023

Phrasal Verb

  • appear.
Example Sentence: Did your glasses ever turn up?
 

DRAW UP drɔ ʌp

25 May 2023

Phrasal Verb

  • make first version.
Example Sentence: My lawyer is drawing up a draft of the contract.
 

SLOWDOWN sloʊˌdaʊn

25 Apr 2023

Noun

  • when something becomes less active and less is produced.
Example Sentence: They forecast a slowdown in UK economic growth.
 

COMMODITY kəˈmɒdɪti

25 Mar 2023

Noun

  • something that can be bought or sold, e.g. a resource or product.
Example Sentence: Primary commodities tend to be produced in poorer countries.
 

SET UP A MEETING  

25 Feb 2023

Phrase

  • to make arrangements for a meeting.
Example Sentence: I am trying to set up a meeting with the manager of our department.
 

GIVE (SOMEONE) THE GREEN LIGHT  

25 Jan 2023

Phrase

  • to give someone permission to go ahead with a project.
Example Sentence: Our boss gave us the green light to begin work on the new sales campaign.
 
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