Search Content

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. 

SERVICE CHARGE OR BANK FEES  

14 Apr 2022

Noun

  • money that a customer pays a bank for an account or other services.
Example Sentence: There is no service charge if the account has a minimum balance of $1,500.
 

TO VERIFY /vɛrəˌfaɪ/

13 Apr 2022

Verb

  • to check or to make sure something is correct, like a signature or an amount of money.
Example Sentence: The teller verified his signature before giving him the money.
 

TO APPLY FOR A LOAN  

12 Apr 2022

Verb

  • to give the bank information and to ask for a loan.
Example Sentence: He applied for a car loan at his bank.
 

TO MAKE A PAYMENT  

11 Apr 2022

Verb

  • to pay.
Example Sentence: The loan requires the customer to make a payment every month.
 

TO TRANSFER FUNDS  

09 Apr 2022

Verb

  • to move money from one account to another.
Example Sentence: He wanted to transfer funds from his savings account to his checking account.
 

TO DEBIT AN ACCOUNT  

08 Apr 2022

Verb

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

TO CREDIT AN ACCOUNT  

07 Apr 2022

Verb

  • to record money added to an account.
Example Sentence: The teller credited his account with his deposit of $50.
 

A RECEIPT /rɪˈsit/

06 Apr 2022

Noun

  • the act of receiving or a written record of a transaction.
Example Sentence: The teller gave the customer a receipt for his deposit.
 

TO CASH A CHEQUE  

05 Apr 2022

Verb

  • to exchange a paper cheque for money.
Example Sentence: Ms Jones cashed a cheque she had received from selling her investments.
 

TO ENDORSE A CHEQUE  

04 Apr 2022

Verb

  • to sign the cheque on the back.
Example Sentence: She endorsed the back of the cheque in order to cash it.
 

A TELLER /tɛlər/

03 Apr 2022

Noun

  • the person in the bank who takes deposits and withdrawals inside the bank.
Example Sentence: Several tellers were busy helping bank customers in the lobby.
 

TO WITHDRAW /wɪðˈdrɔ/

02 Apr 2022

Verb

  • to take money out of an account. Also, withdrawal is the noun form.
Example Sentences: He withdrew enough money to pay off his loan.
Ms. Lowell made a withdrawal of $175.
 

TO DEPOSIT /dɪˈpɒzɪt/

01 Apr 2022

Verb

  • to put money in a bank. Also, deposit is the noun form.
Example Sentence: Mr Sims opened his account with a deposit of $2,000 and his wife deposited $500.
 

TO AUTHORIZE /ɔθəˌraɪz/

31 Mar 2022

Verb

  • to permit.
Example Sentence: By signing his name, he authorized the bank to take money out of his account.
 

A SIGNATURE /sɪgnətʃər/

30 Mar 2022

Noun

  • your name, written by hand. "To sign" means to write your name.
Example Sentence: His signature was required to open an account.
 
Menu