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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. 

TIDE OVER /taɪd oʊvər/

22 Mar 2022

Phrasal Verb

  • to help someone with money for a period of time until they have enough.
Example Sentence: Can you lend me some money to tide me over till the weekend?
 

BANK INTEREST RATE  

22 Mar 2022

Noun

  • A bank's interest rate is the amount that the bank charges on money that it lends you.
Example Sentence: My bank's interest rate on mortgages currently stands at 4.75%; its interest rate on savings is just 1.3%.
 

A KICKBACK kɪkˌbæk

15 Jan 2022

Noun

  • an amount of money that is paid illegally for favours.
Example Sentence: The construction company was giving kickbacks to the local politicians.
 

IN SHORT SUPPLY  

13 Jan 2022

Phrase

  • to not have enough of something.
Example Sentence: Experienced computer programmers are in short supply in our company.
 

BOND bɒnd

09 Jan 2022

Noun

  • Certificate issued by companies and governments to its lenders.
Example Sentences: Bonds are considered a safe investment as they are guaranteed by governments.
 

FREIGHT freɪt

05 Jan 2022

Noun

  • commercial goods that are being transported long distance.
Example Sentence: The goods arrive by ship and then continue by freight train.
 

LEAD TIME lid taɪm

31 Dec 2021

Phrase

  • the time available to prepare for an event.
Example Sentence: The lead time to get a book published is very long.
 

STANDING ORDER /stændɪŋ ɔrdər/

29 Dec 2021

Noun

  • A standing order is an instruction to a bank to pay some money at regular times to another bank account.
Example Sentence: The electricity company requires all its customers to settle their bills by standing order.
 

INSOLVENT ɪnˈsɒlvənt

20 Dec 2021

Adjective

  • unable to pay debts.
Example Sentence: In order to avoid becoming insolvent he decided to open a savings account.
 

INSUFFICIENT FUNDS /ɪnsəˈfɪʃənt fʌnd/

19 Dec 2021

Adj

  • not enough money in an account.
Example Sentences: The cheque was returned because of insufficient funds.
 

LIABILITIES laɪəˈbɪlɪti

16 Dec 2021

Noun

  • The debts and obligations of a company or an individual.
Example Sentences: The business has liabilities of $2 million.
If our liabilities increase further, we'll have to consider closing down the company.
 

NET WORTH nɛt wɜrθ

15 Dec 2021

Noun

  • the money value after liabilities (debts) are subtracted from assets.
Example Sentence: I owe $31,000 and have assets worth $87,000 so my net worth is $56,000.
 

SALES FORCE seɪlz fɔrs

30 Aug 2021

Noun

  • all the people who sell for a company.
Example Sentence: The company is hoping to expand its sales force.
 

BOARD bɔrd

25 Jul 2021

Noun

  • a group of people who are responsible for making decisions.
Example Sentence: The corporation is run by a Board of Governors.
 

APPOINT əˈpɔɪnt

06 Apr 2021

Verb

  • to officially give somebody a job, task or responsibility.
Example Sentence: He was appointed as head of the investigation.
 
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