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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. 

RUN A MEETING  

Phrase

  • to conduct a meeting.
Example Sentence: My boss is not able to run a meeting very well.
 

KEEP TRACK OF (SOMETHING)  

Phrase

  • to keep a count or record of something.
Example Sentence: We have been making a great effort to keep track of the number of visitors of the centre.
 

FIT THE BILL  

Phrase

  • to be just what is needed.
Example Sentence: The new machine should fit the bill for what we need to finish the job.
 

BANG FOR THE BUCK  

Phrase

  • value for the money spent.
Example Sentence: We were able to get much bang for our buck when we advertised on the Internet.
 

BENEFICIARY bɛnəˈfɪʃiˌɛri

Noun

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

A BALLPARK FIGURE bɔlˌpɑrk fɪgər

Noun

  • an approximate number, a guesstimate.
Example Sentence: There were about 5 million people there, but it's just a ballpark figure.
 

UPMARKET ʌpˌmɑrkɪt

Adjective

  • a product or service intended for people who can afford to buy or pay for expensive things.
Example Sentence: I really want to impress him so I've decided to take him somewhere really upmarket for breakfast; we might try the newly opened buffet near the parliament with golden teaspoons and a complimentary glass of champagne with everything.
 

FRANCHISEE fræntʃaɪˈzi

Noun

  • a company or a person to whom franchise rights (of a product, service etc) are granted.
Example Sentence: The franchisor always provides the franchisee with a franchise operation manual to make sure that everything is explained properly.
 

TRADER treɪdər

Noun

  • Investor who holds stocks and securities for a short time (minutes, hours or days) with the objective of making profit from short-term gains in the market.
Example Sentence: Traders need to choose just the right time to buy and sell shares. A minute's delay can cost them a lot of money.
 

THE BIG PICTURE  

Phrase

  • The overall situation, e.g. when working on a small aspect of a project it is helpful to remember the project as a whole.
Example Sentence: John, you’re not looking at the big picture. We have to look at where we want to be in 12 months time, not focus on short-term goals.
 

TRADE FAIR /treɪd fɛər/

Noun

  • A trade fair is a large gathering at which companies show and sell their products.
Example Sentence: Singapore is currently holding an international trade fair for the IT industry.
 

PAY BACK /peɪ bæk/

Phrasal Verb

  • to return money owed to someone.
Example Sentence: Can you lend me $50? I'll pay you back tomorrow.
 

COARSE kɔrs

adjective

  • If something is coarse, it is rude and offensive. Coarse can also be used to mean rough and not soft.
Example Sentences: My boss is always telling coarse jokes.
The sand is very coarse on this beach.
 

TO CLOSE A DEAL /tu; kloʊz eɪ dil/

phrase

  • If you close a deal, you make a successful business arrangement with someone.
Example Sentences:We closed a deal with a major supermarket to supply them with Australian oranges.
I must close a few deals today; otherwise, I'm hardly going to make any commission this month.
 

LEDGER BALANCE /lej′ər bal′əns/

phrase

  • The Ledger Balance is the balance in a bank account at the beginning of each day, also known as the current balance. It includes all deposits and withdrawals that were posted from the previous night, whether or not funds have been collected.
Example Sentences:Although my ledger balance looks quite healthy, my available balance is only $10. I have to wait a couple more days for those cheques to clear.
 
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