Business Word/Phrase of the Day

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FREE REIN fri reɪn

27 Jun 2019

Noun

  • allow somebody to do whatever they want.
Example Sentence: Each department had free rein to make decisions and set procedures.
 

LOOPHOLE lupˌhoʊ

27 May 2019

Noun

  • a mistake in the law that allows people to do something that they should not.
Example Sentence: Their lawyers found a loophole in the law and they were acquited.
 

TALK SHOP tɔk ʃɒp

27 Apr 2019

Phrase

  • to talk about your job in a boring way.
Example Sentence: I'm not going to the office party. Everyone will just talk shop!
 

FUNDAMENTAL fʌndəˈmɛntl

27 Mar 2019

Adjective

  • relating to essential structures, facts, or functions.
Example Sentence: They are considering fundamental changes to the education system.
 

BANKER’S DRAFT bæŋkərs dræft

27 Feb 2019

Noun

  • a written promise from a bank to pay money, especially to another bank.
Example Sentence: We require a banker's draft to secure the deal.
 

SAVE UP seɪv ʌp

27 Jan 2019

Phrasal Verb

  • save money.
Example Sentence: If you want a new bike, you'd better start saving up.
 

BREAK DOWN breɪk daʊn

27 Dec 2018

Phrasal Verb

  • stop working.
Example Sentence: The photocopier has broken down again.
 

OVERHEADS oʊvərˈhɛds

27 Nov 2018

Noun

  • regular costs that a business must pay, such as electricity, salaries, etc.
Example Sentence: Internet companies have much lower overheads.
 

TURNOVER tɜrnˌoʊvər

27 Oct 2018

Noun

  • the rate at which employees join and leave a company.
Example Sentence: The turnover of workers in the new restaurant business is very high.
 

PUT (SOMEONE) ON HOLD  

27 Sep 2018

Phrase

  • to disconnect someone temporarily from the telephone.
Example Sentence: I phoned the bank but they put me on hold before someone spoke to me.
 

MAKE AN OFFER  

27 Aug 2018

Phrase

  • to make a financial proposal for a product or service.
Example Sentence: We want to buy the house and we plan to make an offer on Saturday.
 

DELIVER THE GOODS  

27 Jul 2018

Phrase

  • to succeed in doing a good job of something.
Example Sentence: The new manager is not very popular but he is able to deliver the goods.
 

CAPPED FEE kæpt fi

27 Jun 2018

Noun

  • the maximum a company can charge for its services.
Example Sentence: The government has announced to cap tuition fees at $500 per month.
 

TO STICK TO THE POINT  

27 May 2018

Phrase

  • to continue with a topic without changing it or digressing from it.
Example Sentence: Could you please stick to the point? We've been listening to you for long minutes now and you still haven't explained your real reasons.
 

TO REFUND rɪˈfʌnd

27 Apr 2018

Verb

  • to give a customer their money back because they are not satisfied with the product or service they have received.
Example Sentence: The shop was not willing to refund my money in full so I decided to report them to the competent authority.
 
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