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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. 

GO BANKRUPT /goʊ baŋk′rupt/

02 Apr 2024

phrase

  • If a person or company goes bankrupt, they are unable to pay what you owe, and have control of your financial matters given, by a court of law, to a person who sells your property to pay your debts.
Example Sentences:He went bankrupt after only a year in business.
The recession has led to many small businesses going bankrupt.
 

HOMEOWNERS INSURANCE hoʊmˌoʊ nərs ɪnˈʃʊər əns

02 Mar 2024

Noun

  • insurance which covers a person’s home in case of fire, flood, earthquakes, hurricanes, theft, etc.
Example Sentence: After the typhoon last year, I was so glad that I had opened a homeowners insurance policy!
 

PASSPORT pæspɔrt

02 Feb 2024

Noun

  • an official document, often a small book, that you need to enter or leave a country,
Example Sentence: I’ve just renewed by British passport for 10 years.

 

 

CONCESSION kənˈsɛʃən

02 Jan 2024

Noun

  • the act of accepting less than you originally wanted.
Example Sentence: They made a concession by dropping the price.
 

MOGUL moʊgəl

02 Dec 2023

Noun

  • a very wealthy or powerful person in business.
Example Sentence: He is described as the world’s most powerful media mogul.
 

ASSIGN əˈsaɪn

02 Nov 2023

Verb

  • to give a particular job or task to somebody.
Example Sentence: The job of finding more seats for the event was assigned to Paul.
 

COUPON kupɒn

02 Oct 2023

Noun

  • part of a printed advert that can be used to buy or get a product.
Example Sentence: Collect the coupons from our magazine to get a 20% discount!
 

RAPPORT ræˈpɔr

02 Sep 2023

Noun

  • mutual understanding and agreement; good relationship.
Example Sentence: It is important to develop a rapport with business partners.
 

DEPOSIT dɪˈpɒzɪt

02 Aug 2023

Noun

  • a large store of something natural deep underground, especially oil.
Example Sentence: Companies are searching for oil deposits under the Pacific Ocean.
 

CUT DOWN ON  

02 Jul 2023

Phrasal Verb

  • reduce.
Example Sentence: We need to cut down on costs, if we want to survive.
 

KEEP UP WITH  

02 Jun 2023

Phrasal Verb

  • reach same point.
Example Sentence: She was walking so fast that I couldn't keep up with her.
 

TRADEOFF treɪdˌɔf

02 May 2023

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.
 

GET INTO DEBT  

02 Apr 2023

Phrase

  • to get into a situation in which you owe people money.
Example Sentence: It's easy to get into debt if you have a credit card.
 

TAKE A NOSEDIVE  

02 Mar 2023

Phrase

  • to collapse, to decrease in value.
Example Sentence: The stock market took a nosedive when the earnings of the oil company decreased.
 

OUT OF STOCK  

02 Feb 2023

Phrase

  • not available for immediate sale.
Example Sentence: The toys are out of stock and we will have to wait several weeks before they are available.
 
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