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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. 

CLOSE THE BOOKS  

22 Mar 2025

Phrase

  • to stop taking orders, to end a bookkeeping period.
Example Sentence: The company will close the books at the end of December.
 

A GLUTTED MARKET glʌtɪd mɑrkɪt

22 Feb 2025

Noun

  • overfull; a market that is full of a certain product or service.
Example Sentence: They went bankrupt when the used tyre market of the country became glutted by cheap imported tyres.
 

TO REVIVE rɪˈvaɪv

22 Jan 2025

Verb

  • to make something strong and healthy again after a difficult period.
Example Sentence: Policy makers have been struggling to revive the economy and experts say the right measures have been introduced to this end.
 

PURVEYOR pərˈveɪər

22 Dec 2024

Noun

  • a company that supplies goods or services.
Example Sentence: Although we've just entered the market, we'd like to become the number one purveyor of fine wines and rare spirits within a year.
 

CREDIT LIMIT krɛdɪt lɪmɪt

22 Nov 2024

Noun

  • the maximum amount of money a financial institution e.g. a bank is willing to give someone.
Example Sentence: If your credit limit with your bank is too low, it's not the best solution to acquire credit cards from several different banks.
 

STATISTICS stəˈtɪstɪks

22 Oct 2024

Noun

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

MUTUAL FUND myutʃuəl fʌnd

22 Sep 2024

Noun

  • Savings fund that uses cash from a pool of savers to buy securities such as stock, bonds and real estate.
Example Sentence: It was another good week for mutual fund investors as equity markets moved higher and came within striking distance of the 11,000-point mark.
 

ACCOUNTS RECEIVABLE əˈkaʊnt rɪˈsivəbəl

22 Aug 2024

Phrase

  • This is the amount billed to customers and due from them but not yet collected.
Example Sentence: You must maintain an accounts receivable ledger account for each customer you extend credit to.
 

TO MAKE A PAYMENT  

22 Jul 2024

Verb

  • to pay.
Example Sentence: The loan requires the customer to make a payment every month.
 

DEPENDENT dɪˈpɛndənt

22 Jun 2024

adjective

  • If someone is dependent, they need the support of something or someone in order to continue existing or operating.
Example Sentences: He has three dependent children.
It's very easy to become dependent on sleeping pills.
 

A MONEY-SPINNER  

22 May 2024

phrase

  • A money-spinner is a product or activity which produces a lot of money.
Example Sentences: The magazine was a money-spinner for a few years until the Internet became popular.
The iPod has been a real money-spinner for Apple.
 

BOND /band/

22 Apr 2024

noun

  • an official paper given by the government or a company to show that you have lent them money that they will pay back to you at an interest rate that does not change
Example Sentences:I invested some money in savings bonds.
When bank interest rates are low, government bonds are often the best investment option.
 

POLICYHOLDER pɒləsiˌhoʊldər

22 Mar 2024

Noun

  • a person or group that has made an agreement with an insurance company that it will provide insurance against particular risks.
Example Sentence: The sickness cover pays out a lump sum if the policyholder is diagnosed as suffering from a serious illness.

 

 

KEYPASS ki pas

22 Feb 2024

Noun

  • an electronic key to enter a hotel room.
Example Sentence: Can you reset my keypass? It won’t let me enter my room.

 

 

ROUTE raʊt

22 Jan 2024

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.

 

 
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