Business Word/Phrase of the Day

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TO EMBEZZLE ɛmˈbɛzəl

14 Apr 2020

Verb

  • to steal money that belongs to your employer.
Example Sentence: The bank's manager was able to embezzle thousands of dollars from his employer.
 

TO INFILTRATE ɪnˈfɪltreɪt

13 Apr 2020

Verb

  • to enter an organization/company secretly in order to gain information about it or cause harm to it.
Example Sentence: The company was infiltrated by Russian agents who stole the description of the new technology.
 

ACQUISITION ækwəˈzɪʃən

12 Apr 2020

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.
 

FRANCHISEE fræntʃaɪˈzi

11 Apr 2020

Noun

  • a company or a person to whom franchise rights (of a product, service etc) are granted.
Example Sentence: The franchisor always provides the franchisee with a franchise operation manual to make sure that everything is explained properly.
 

BARGAINING CHIP bɑrgənɪŋ tʃɪp

10 Apr 2020

Noun

  • something that can be traded in a negotiation to gain advantage for yourself.
Example Sentence: The minister has a bargaining chip – she will only agree to the bailout if the opposition supports her competitiveness pack.
 

ADMINISTRATION ædˌmɪnəˈstreɪʃən

09 Apr 2020

Noun

  • the management of any office, business, or organization; direction.
Example Sentence: Changes to the administration will occur after May 1st.
 

CORRESPOND kɔrəˈspɒnd

08 Apr 2020

Verb

  • to be in agreement or conformity
Example Sentence: We hope that our results will correspond with previous findings.
 

TENANT tɛnənt

07 Apr 2020

Noun

  • a person or group that rents and occupies land, a house, an office, or the like, from another for a period of time.
Example Sentence: The tenants were upset about the recent changes to the lease.
 

RETAIL riteɪl

06 Apr 2020

Adjective

  • related to the selling of goods in small quantities (e.g. in a store).
Example Sentence: The retail price was reduced by 30% after the holidays.
 

PERCENTAGE pərˈsɛntɪdʒ

05 Apr 2020

Noun

  • rate or proportion out of 100.
Example Sentence: A percentage of the income will be given to a local charity.
 

BREACH britʃ

04 Apr 2020

Verb

  • to make a breach (break) or opening in OR to act contrary to….
Example Sentence: After the breach in security new officers were hired.
 

INVOICE ɪnvɔɪs

03 Apr 2020

Noun

  • a detailed bill for items or service.
Example Sentence: The invoice was received by the customer within two weeks.
 

FLEXIBILITY flɛksəbəl

02 Apr 2020

Noun

  • ability to bend, change or adapt without breaking.
Example Sentence: During a period of change it is important to have flexibility.
 

VENDOR vɛndər

01 Apr 2020

Noun

  • someone who sells something.
Example Sentence: The street vendor offered a range of products made by local people.
 

PRIVATIZATION praɪvəˌtaɪz

31 Mar 2020

Noun

  • to transfer from public or government control or ownership to private enterprise.
Example Sentence: The privatization of health care is an important issue.
 
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