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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. 

JACK UP THE PRICE OF (SOMETHING)  

02 Jan 2023

Phrase

  • to make a price higher.
Example Sentence: The steel company decided to jack up the price of steel at the beginning of the year.
 

BY A LONG SHOT  

02 Dec 2022

Phrase

  • by a big difference.
Example Sentence: The soap company beat out the bids of the other companies by a long shot.
 

BAD DEBT bæd dɛt

02 Nov 2022

Noun

  • money that is owed but unlikely to be paid back.
Example Sentence: The bank's losses were caused by bad debt.
 

BANDWAGON bændˌwægən

02 Oct 2022

Noun

  • an activity or popular view that a lot of people join or share, usually because it is fashionable; a current trend .
Example Sentence: Among others a lot of brand-name sports companies have jumped on the Japanese tsunami bandwagon and campaign with it.
 

TO PLUMMET plʌmɪt

02 Sep 2022

Verb

  • to decrease/go down very quickly (and perhaps unexpectedly).
Example Sentence: We wanted to sell our share in the business but then share prices plummeted and we decided to wait some more time.
 

BRAINSTORM breɪnˌstɔrm

02 Aug 2022

Verb

  • to think together as a team, often in order to come up with a solution to a particular problem.
Example Sentence: Although we have been brainstorming for weeks, we haven't been able to find a good way of getting ahead of our competitors so far – we might need to invite an expert to help.
 

DIRECT TAXATION dɪˈrɛkt tækˈseɪʃən

02 Jul 2022

Noun

  • includes taxes which are imposed directly on the individual paying them.
Example Sentences: Examples of direct taxation are income tax, capital gains tax and inheritance tax.
High direct taxation hits the rich hard.
 

LUNCHEON VOUCHERS /lʌntʃən vaʊtʃər/

02 May 2022

Noun

  • Luncheon vouchers are given by employers to employees to buy meals in some restaurants.
Example Sentences: Selected workers would benefit from luncheon vouchers, free transportation to the construction site and accommodation on location.
 

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.
 

BUY OUT baɪ aʊt

02 Feb 2014

Phrasal Verb

  • to buy the ownership or a majority share of something.
Example Sentence: The large company decided to buy out the small textile company.
 

TEMPORARY WORKER /ˈtem.pər.ər.i ˈwɜː.kər/

02 Sep 2012

phrase

  • Employee who is not permanently hired but hired just for a limited period of time
Example Sentences:During the peak season, the hotel employs a number of temporary workers.
As a temporary worker, I’m not entitled to the same benefits as the permanent workers.
 
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