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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. 

BACK DOWN bæk daʊn

19 Mar 2021

Phrasal Verb

  • stop arguing.
Example Sentence: He seems reluctant to back down and admit that he is wrong.
 

GIVE IN gɪv ɪn

19 Feb 2021

Phrasal Verb

  • finally agree.
Example Sentence: He nagged me so much to buy him a new bike that eventually I just gave in.
 

STICKING POINT stɪkɪn pɔɪnt

19 Jan 2021

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.
 

DEPOSIT dɪˈpɒzɪt

19 Dec 2020

Noun

  • a large store of something natural deep underground, especially oil.
Example Sentence: Companies are searching for oil deposits under the Pacific Ocean.
 

STRIKE WHILE THE IRON IS HOT  

19 Nov 2020

Phrase

  • to take advantage of an opportunity.
Example Sentence: I decided to strike while the iron was hot and apply for the job as soon as it was advertised.
 

HANG OUT ONE’S SHINGLE  

19 Oct 2020

Phrase

  • to open one's own business (usually as a professional).
Example Sentence: My friend decided to hang out his shingle as a dentist soon after he finished college.
 

HOLD A MEETING  

19 Sep 2020

Phrase

  • to conduct a meeting.
Example Sentence: We plan to hold a meeting next week to discuss the problems with our new product.
 

BOUNCE A CHECK  

19 Aug 2020

Phrase

  • to write a check in which you do not have enough.
Example Sentence: The young man bounced a check when he tried to pay his rent.
 

ALLOCATE æləˌkeɪt

19 Jul 2020

Verb

  • to specify where something (especially resources) will go.
Example Sentence: They have allocated $50 million for research and development.
 

GROSS NATIONAL PRODUCT  

19 Jun 2020

Noun

  • the total value of all the services and goods produced by a certain country a year including the income from abroad.
Example Sentence: Why should we be happy when our GNP increases?' It is a question every economist can answer very easily.
 

TO FREEZE friz

19 May 2020

Verb

  • to hold the price of a product, service, salaries, wages etc at the same level for some time.
Example Sentence: The government has decided to freeze wages in the public sector due to the after-effects of the economic crisis.
 

ESPIONAGE ɛspiəˌnɑʒ

19 Apr 2020

Noun

  • the activity of secretly acquiring information about another company/competitor/country etc in order to gain an unfair advantage.
Example Sentence: Industrial espionage has always been a real threat in this country, and things don't seem to be improving under the new regulations either.
 

TAX RETURN tæks rɪˈtɜrn

19 Mar 2020

Noun

  • Is a form on which certain tax payers annually list their salary (including pensions), or income from self employment together with benefits in kind, other income and capital gains.
Example Sentence: Don’t forget to get your tax return in by the end of the month. There’s a penalty if you send it in late.
 

BLUE CHIP STOCKS  

19 Feb 2020

Phrase

  • Stocks of leading companies with a reputation for stable growth and earnings.
Example Sentence: Coca Cola and BP are examples of blue chip stocks.
 

PIECES OF EIGHT  

19 Jan 2020

Phrase

  • In the past, pieces of eight was the term used for gold coins. The Spanish created the term.
Example Sentences: Frank went searching for buried treasure off the coast of Florida; he found pieces of eight, the Spanish currency in the 1600s and 1700s.
 
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