Business Word/Phrase of the Day

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STATISTICS stəˈtɪstɪks

30 Mar 2020

Noun

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

APPRAISED VALUE əˈpreɪz vælyu

30 Jan 2020

Phrase

  • Is the value placed on an item, product or business by an appraiser who is recognized for experience in a particular field.
Example Sentence: The appraised value of our business is much higher than we thought. One of our competitors has made enquiries about buying us out.
 

TO VERIFY /vɛrəˌfaɪ/

30 Dec 2019

Verb

  • to check or to make sure something is correct, like a signature or an amount of money.
Example Sentence: The teller verified his signature before giving him the money.
 

LAY OUT /leɪ aʊt/

30 Nov 2019

Phrasal Verb

  • to spend money, especially a large amount.
Example Sentences: It's not every day you lay out $6000 on a holiday.
He's just laid out $3000 on a new HD television.
 

FREELANCER friˌlænsər

30 Oct 2019

Noun

  • someone who earns their living by selling their work/services to different employers or companies without a (long-term) contract.
Example Sentence: As a freelancer, you cannot afford to be lazy and just wait for orders to come in – you really have to be pro-active.
 

ACROSS THE BOARD /əˈkrɔs ðə bɔrd/

30 Sep 2019

phrase

  • 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.
 

LOAN /loʊn/

30 Aug 2019

noun or verb

  • A loan is a written or oral agreement for a temporary transfer of a property (usually cash) from its owner (the lender) to a borrower who promises to return it according to the terms of the agreement, usually with interest for its use.
  • If you loan something, such as money, to someone, you lend it to them. You expect them to return it later to you.
Example Sentences:The bank gave me a loan of $3,000.
Can you loan me $10?
 

STICKING POINT stɪkɪn pɔɪnt

30 Jul 2019

Noun

  • a point in a negotiation where progress cannot be made.
Example Sentence: A key sticking point in the negotiations was the issue of salaries.
 

ANALYST ænlɪst

30 Jun 2019

Noun

  • Somebody whose job is to carefully study and understand something.
Example Sentence: Business analysts say the crisis is likely to hurt the country’s economy.
 

MAIL ORDER meɪl ɔrdər

30 May 2019

Noun

  • the sale of products that are delivered by post.
Example Sentence: She bought the skirt by mail order but it was never delivered.
 

TERMINATE tɜrməˌneɪt

30 Apr 2019

Verb

  • to stop something before the end, especially a contract.
Example Sentence: They want to terminate the contract after doing 10 years of business.
 

LOYALTY lɔɪəlti

30 Mar 2019

Noun

  • a person/groups' willingness to stay with one particular product.
Example Sentence: Customer loyalty can be improved by using a card scheme.
 

SLIP UP slɪp ʌp

30 Jan 2019

Phrasal Verb

  • make mistake.
Example Sentence: These figures don't make sense - have we slipped up somewhere?
 

BRING FORWARD brɪŋ fɔrwərd

30 Dec 2018

Phrasal Verb

  • make earlier.
Example Sentence: The book's publication date has been brought forward.
 

RAISE CAPITAL reɪz kæpɪtl

30 Nov 2018

Verb

  • to try to get money for a business venture.
Example Sentence: The factory was sold to raise capital.
 
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