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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. 

BARGAINING CHIP bɑrgənɪŋ tʃɪp

22 Jul 2022

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

21 Jul 2022

Noun

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

CORRESPOND kɔrəˈspɒnd

20 Jul 2022

Verb

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

TENANT tɛnənt

19 Jul 2022

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

18 Jul 2022

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.
 

BREACH britʃ

16 Jul 2022

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

15 Jul 2022

Noun

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

FLEXIBILITY flɛksəbəl

14 Jul 2022

Noun

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

VENDOR vɛndər

13 Jul 2022

Noun

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

PRIVATIZATION praɪvəˌtaɪz

12 Jul 2022

Noun

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

STATISTICS stəˈtɪstɪks

11 Jul 2022

Noun

  • numerical facts or data.
Example Sentence: Recent statistics have shown an increase in the test subject’s reaction time.
 

INCENTIVE ɪnˈsɛntɪv

10 Jul 2022

Noun

  • something which encourages somebody to do something.
Example Sentence: The tax incentives are aimed at attracting more foreign business.
 

REMORTGAGE reɪmɔrgɪdʒ

09 Jul 2022

Verb

  • arrange a second mortgage (= an agreement with a bank or similar organization in which you borrow money to buy property), or increase the first mortgage, especially in order to obtain more money.
Example Sentence: In order to raise funds to pay off my debts, I’ve had to remortgage my apartment.
 

MORTGAGE mɔrgɪdʒ

08 Jul 2022

Noun

  • An agreement which allows you to borrow money from a bank or similar organization, especially in order to buy a house or an apartment.
Example Sentence: Banks are now being a lot more cautious about who they lend money to. It’s getting much more difficult to arrange a mortgage on a property.
 

RETURN ON INVESTMENT  

07 Jul 2022

Phrase

  • profit (or loss) on an investment, often expressed as a percentage.
Example Sentence: I initially invested $50,000 in the company. In the past 5 years, the company has paid me $150,000 in profit share. That’s what I call an excellent return on investment.
 
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