Business Word/Phrase of the Day

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13 Oct 2019


  • If you cut your losses, you stop wasting time or money on something, so you will not lose any more time or money.
Example Sentences: After spending weeks on the project and seeing no profit, the director decided to cut the company's losses and end the project.
The new restaurant already had a bad reputation so the owners cut their losses and closed it down.


12 Oct 2019


  • If you give something or someone the green light, you give your permission to start something.
Example Sentences:We were all prepared to start the project. We were just waiting for the director to give us the green light.
On Tuesday, all of the new employees will be given the green light and the store will officially open for business.


11 Oct 2019


  • If something sells like hotcakes, it sells very quickly in large numbers.
Example Sentences: When the new iPod came out, it sold like hotcakes.
All the manufacturer did was add a new keyboard and the product sold like hotcakes.


10 Oct 2019


  • To gain ground is to begin to see a profit, or to start to do better at something.
Example Sentences: Our stock was dropping for weeks but now it is gaining ground.
If the store sells off all of its old merchandise, it might gain some ground in three months.

TO CUT CORNERS /tu; kʌt kɔrnərs/

09 Oct 2019


  • To cut corners is to use faster and easier methods in return for lower quality products.
Example Sentences: My office decided that all employees should stop cutting corners, so now we must create all of our own documents.
The engineers had cut too many corners when they started saying paper was a good material for building commercial airlines.

TO CLOSE A DEAL /tu; kloʊz eɪ dil/

08 Oct 2019


  • If you close a deal, you make a successful business arrangement with someone.
Example Sentences:We closed a deal with a major supermarket to supply them with Australian oranges.
I must close a few deals today; otherwise, I'm hardly going to make any commission this month.

TO BREAK EVEN /tu; breɪk ivən/

07 Oct 2019


  • If you break even, you have neither made a profit nor lost money.
Example Sentences: In his first year in business, although he had made many contacts, he still only broke even.
Our restaurant was lucky because it did not fail; however, next year we are hoping to do more than break even.


06 Oct 2019


  • To get something off the ground is to actually start something that has been planned.
Example Sentences: We have the plans to build this. Now, what do we have to do to get this off the ground?
Let's see if we can finally get this merger off the ground!

TO TAKE A CALCULATED RISK /tu; teɪk eɪ kælkyəˌleɪtɪd rɪsk/

05 Oct 2019


  • If you take a calculated risk, you take a chance, but you know exactly what will happen if you fail.
Example Sentences: Yes, it is possible we may lose this deal, but it is a calculated risk we are willing to take.
Mr. Gardner knows we're taking a calculated risk in this case, but he believes the rewards are too good to not take it.

TO MAKE A COLD CALL /tu; meɪk eɪ koʊld kɔl/

04 Oct 2019


  • To make a cold call is to make a sales call to a stranger.
Example Sentences: If you become an employee with our company, you will start in the sales department making cold calls.
The salesman looked in the phone book, started with A and just made cold calls all week until he got to the letter Z.

A KICKBACK kɪkˌbæk

03 Oct 2019


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

A COMPANY MAN /eɪ kʌmpəni mæn/

02 Oct 2019


  • A company man is an employee more loyal to the company than to other employees.
Example Sentences: It is unlikely Mr. Ross will let us leave early to lunch today. He is a company man.
Clean your desk! A company man is coming today for a surprise inspection.


01 Oct 2019


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

ACROSS THE BOARD /əˈkrɔs ðə bɔrd/

30 Sep 2019


  • If something is across the board, then everything or everyone is included in it.
Example Sentences:The director made an across the board decision to hire new managers.
We heard that when Mr. Jones returns, he will give salary increases across the board.

PAYMENT TERMS /pā′mənt tʉrmz/

29 Sep 2019


  • Conditions under which a seller will make a sale. Typically, these terms specify the period allowed to a buyer to pay off the amount due, and may demand cash in advance, cash on delivery, deferred payment period of 30 days or more, etc.
Example Sentences:According to our payment terms, invoices must be settled within 14 days.
We couldn’t accept their payment terms so we chose another supplier.