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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. 

BENEFICIARY ˌbɛnəˈfɪʃiˌɛri

24 Oct 2021

Noun

  • the person who will receive something.
Example Sentence: I was the sole beneficiary in my father's will.
 

BACKPACKING bækˌpækɪn

23 Oct 2021

Verb

  • go travelling usually on a small budget carrying all your possession in a backpack.
Example Sentence: Many students spend a year or two backpacking, through Asia or South America, after they complete their university study.

 

 

ANNUAL PREMIUM ænyuəl primiəm

22 Oct 2021

Noun

  • the cost of the insurance paid every year.
Example Sentence: The annual premium is paid on the first of March.

 

 

FESTIVAL fɛstəvəl

21 Oct 2021

Noun

  • a time of celebration or ceremony.
Example Sentence: The festival in Phuket will be celebrated in September this year.

 

 

QUARTERLY PREMIUM kwɔrtərli primiəm

20 Oct 2021

Noun

  • the cost of the insurance, paid every 3 months.
Example Sentence: The quarterly premium is the annual premium divided by four.

 

 

PREMIUM primiəm

19 Oct 2021

Noun

  • an amount to be paid for an insurance policy.
Example Sentence: My auto insurance premium increased by 25% this year because I had to make a claim last year.

 

 

ECOTOURISM ɛkoʊˈtʊərɪzəm

18 Oct 2021

Noun

  • environmentally friendly tourism, usually to a place of nature.
Example Sentence: We have a new ecotourism centre in our village where you can find out about our natural farming techniques.

 

 

ROUTE raʊt

17 Oct 2021

Noun

  • the way or the roads you travel to get to your destination.
Example Sentence: The route from the airport to our hotel takes in some stunning views of the ocean.

 

 

POLICY pɒləsi

16 Oct 2021

Noun

  • a plan of what to do in certain situations; a set of ideas.
Example Sentence: The company has a clear policy on dealing with bullying.
 

DEPARTURE dɪˈpɑrtʃər

15 Oct 2021

Noun

  • the act of leaving or going away.
Example Sentence: Departure time will be 3pm tomorrow. Please be packed and ready to leave!

 

 

FIRE INSURANCE faɪər ɪnˈʃʊər əns

14 Oct 2021

Noun

  • insurance which covers a home in case of fire.
Example Sentence: Fire insurance premiums are generally higher if you live in an old house or apartment building.
 

DESTINATION dɛstəˈneɪʃən

13 Oct 2021

Noun

  • the place someone is travelling to.
Example Sentence: Our final destination today will be a restaurant on the beach for a sunset dinner.

 

 

THEFT INSURANCE θɛft ɪnˈʃʊər əns

12 Oct 2021

Noun

  • insurance which covers a home in case it is robbed or broken into by a thief.
Example Sentence: My computer and flat screen tv were both stolen and since I didn’t have theft insurance, I had to replace them both!
 

ACCOMMODATION əˌkɒməˈdeɪʃən

11 Oct 2021

Noun

  • a place where people can live or sleep.
Example Sentence: We have not decided on our accommodation yet. We might stay with friends, in a hotel or maybe even rent a cottage!

 

 

HOMEOWNERS INSURANCE hoʊmˌoʊ nərs ɪnˈʃʊər əns

10 Oct 2021

Noun

  • insurance which covers a person’s home in case of fire, flood, earthquakes, hurricanes, theft, etc.
Example Sentence: After the typhoon last year, I was so glad that I had opened a homeowners insurance policy!
 
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