Business Word/Phrase of the Day

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FUTURES fyutʃər

25 Feb 2020

Noun

  • Contracts to buy or sell securities at a future date.
Example Sentence: If you invest in futures and predict that a stock will decrease in value by a certain date, but the stock actually increases in value, you will lose money.
 

MERGED /mɜrdʒ/

25 Jan 2020

Verb

  • If two companies merge, they join together to form a single company
Example Sentences: When did Glaxo Welcome and Smithkline Beecham merge?
We merged with X company in 1990.
 

TO DEBIT AN ACCOUNT  

25 Dec 2019

Verb

  • to record money subtracted from an account.
Example Sentence: His account was debited a $4.00 service charge.
 

CURRANT kɜrənt

25 Nov 2019

noun

  • A currant is a small black dried grape without seeds, used especially in cakes.
Example Sentences: The Christmas cake is full of currants.
 

TO COOK THE BOOKS  

25 Oct 2019

phrase

  • To cook the books is to change numbers dishonestly in the accounts of an organization, especially in order to steal money from it or to avoid paying corporation tax.
Example Sentences: Their accounts were completely fake. They had been cooking the books for years.
His company never pays any tax. I wonder if they're cooking the books.
 

GOODS /go̵odz/

25 Sep 2019

noun

  • Things we buy and sell that can be made or grown such as clothes, food and cars.
Example Sentences:What is the total value of the goods in this shipment?
The goods we ordered are currently in port awaiting clearance from customs.
 

EXCEED ɪkˈsid

25 Aug 2019

Verb

  • to go beyond a certain number or point.
Example Sentence: Costs will exceed last year's projections if we do not act soon.
 

SALES FORCE /seɪlz fôrs/

25 Jul 2019

phrase

  • all the employees of a company whose job is persuading customers to buy their company's products or services
Example Sentences:The company has a worldwide sales force of around 3,000 people.
The company’s sales force has just been cut by 20% due to falling demand for the company’s products.
 

DOWNSIZE daʊnˌsaɪz

25 Jun 2019

Verb

  • to reduce the size of a company or operation by shedding resources.
Example Sentence: The were forced to downsize due to increasing overheads.
 

INCOME BRACKET ɪnkʌm brækɪt

25 May 2019

Noun

  • a category of taxpayers based on their level of income.
Example Sentence: The tax will mainly effect people in the higher income bracket.
 

SYNERGY sɪnərdʒi

25 Apr 2019

Noun

  • the increased result by combining two or more things.
Example Sentence: Working together we create a synergy that we couldn't do alone.
 

FRANCHISE SOMETHING fræntʃaɪz

25 Mar 2019

Verb

  • to give somebody the exclusive right to sell your product in an area.
Example Sentence: They franchised the technology to a firm in China.
 

ALLIANCE əˈlaɪəns

25 Feb 2019

Noun

  • a group which is held together by an agreement, especially political or military.
Example Sentence: The UK and US formed a military alliance in Iraq.
 

PUT OFF pʊt ɔf

25 Jan 2019

Phrasal Verb

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

BACK OUT bæk aʊt

25 Dec 2018

Phrasal Verb

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