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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. 

HOLD A MEETING  

27 Dec 2022

Phrase

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

BOYS IN THE BACKROOM  

27 Nov 2022

Phrase

  • a group of men making decisions behind the scenes.
Example Sentence: The boys in the backroom told us that the factory will close next year.
 

ALLOCATE æləˌkeɪt

27 Oct 2022

Verb

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

PRODUCT PLACEMENT prɒdəkt pleɪsmənt

27 Sep 2022

Noun

  • a form of advertisement where a particular (branded) product can be seen e.g. in the background of a television programme or in a film as part of the set i.e. not in an advertising context.
Example Sentence: Our national television finally accepted paid product placement saying that this is a global marketing trend, after all, common in other countries.
 

TO PUT YOUR EGGS ALL IN ONE BASKET  

27 Aug 2022

Phrase

  • to choose one particular thing over another and not rely on several choices at the same time.
Example Sentence: He really put all his eggs into on one basket and decided to leave all the other markets and concentrate solely on India.
 

TO PLEDGE plɛdʒ

27 Jul 2022

Verb

  • to make an official/serious promise to do something.
Example Sentence: The minister pledged to support the reconstruction of the old town despite the financial crisis.
 

TAX EXILE tæks ɛksaɪl

27 Jun 2022

Noun

  • Is a wealthy person who lives outside his/her own country in order to minimise the tax they owe.
Example Sentence: Many wealthy people prefer to move to other countries and become tax exiles than reside in their birth countries where the tax rates are high.
Sean Connery is perhaps Scotland’s most famous tax exile.
 

BLUE COLLAR WORKERS  

27 May 2022

Phrase

  • Are people who do physical or unskilled work in a factory or outdoors rather than office work. Blue-collar workers are often poorly educated and poorly paid.
Example Sentence: More than 500 blue-collar workers, employed by the mining company, have gone on strike. They’re demanding better pay and working conditions.
 

INFLATIONARY SPIRAL /ɪnˈfleɪʃəˌnɛri spaɪrəl/

27 Apr 2022

Noun

  • An inflationary spiral is when salaries and prices take turn to grow in short intervals.
Example Sentences: Recent rises in inflation are more likely to weaken consumer spending than lead to an inflationary spiral of higher salaries and prices.
 

DIP INTO /dɪp ɪntʊ/

27 Mar 2022

Phrasal Verb

  • to spend part of your saved money.
Example Sentence: I've had to dip into my savings to pay for the repairs to the apartment.
 

CLEAR UP klɪər ʌp

27 Nov 2016

Phrasal Verb

  • make understandable.
Example Sentence: Have I cleared up anything that you did not understand?
 

PHISHING /ˈfɪʃɪŋ/

27 Jun 2013

verb

  • an attempt to trick someone who has an internet bank account into giving information that would allow someone else to take money out of the account
Example Sentences:I thought the email was from my bank. I clicked on the link but soon noticed that the website looked different. It was a phishing site.
Security experts have warned of a phishing attack claiming to be a customer survey about McDonald's.
 

PENSION /ˈpent .ʃən/

27 Aug 2012

noun

  • a sum of money paid regularly by the government or a private company to a person who does not work any more because they are too old or they have become ill
Example Sentences:They find it difficult to live on their government pension.
I’m glad I took out a private pension when I was young.
 
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