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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. 

LEGAL TENDER /ligəl tɛndər/

15 Aug 2024

Noun

  • Legal tender is the money which can be officially used in a country.
Example Sentences: A French person tried to pay using old British pound notes. I told him they weren't legal tender any more.
 

TO ENDORSE A CHEQUE  

15 Jul 2024

Verb

  • to sign the cheque on the back.
Example Sentence: She endorsed the back of the cheque in order to cash it.
 

LATER leɪtər

15 Jun 2024

adjective

  • Later is the comparative form of the adjective late, meaning (happening or being) near the end of a period of time.
Example Sentences: Jenny said she'd be joining the meeting later.
He arrived a little later than expected.
 

TO DRIVE A HARD BARGAIN  

15 May 2024

phrase

  • To drive a hard bargain is to expect a lot in exchange for what you pay or do.
Example Sentences: It's hard doing business with Maggie. She drives a hard bargain.
I had to give them a 30% discount or the deal was off. They drove a hard bargain.
 

IMPORT LICENSE /ɪmˈpɔrt lahy-suh ns/

15 Apr 2024

phrase

  • An import license is a document issued by a national government authorizing the importation of certain goods into its territory.
Example Sentences:You won’t be able to import wood products into the country unless you have an import license to do so.
Although I had the correct import license, customs did not allow my shipment out of the port of entry.
 

TRAVEL INSURANCE trævəl ɪnˈʃʊərəns

15 Mar 2024

Noun

  • insurance which covers travellers in foreign countries, usually covers medical expenses, sometimes additional expenses.
Example Sentence: Travellers insurance is very important when traveling in developing or developed countries.

 

 

INTERNATIONAL DEPARTURES ɪntərˈnæʃənl dɪˈpɑrtʃərs

15 Feb 2024

Noun

  • flights leaving for destinations overseas (in a different country)
Example Sentence: All international departures have been cancelled due to the weather.

 

 

FLIGHT OF CAPITAL flaɪt ʌv kæpɪtl

15 Jan 2024

Phrase

  • large-scale withdrawal of investment from a country.
Example Sentence: The recent flight of capital was caused by political unrest.
 

STAGNATE stægneɪt

15 Dec 2023

Verb

  • to not grow or develop.
Example Sentence: Property sales in villages near the factory have stagnated.
 

IN-HOUSE ɪnˌhaʊs

15 Nov 2023

Adjective

  • provided or carried out by the company and not by an external contractor.
Example Sentence: We are arranging an in-house training course for managers.
 

LUCRATIVE lukrətɪv

15 Oct 2023

Adjective

  • making a lot of money.
Example Sentence: He has signed a lucrative deal with a new record label.
 

TEASER CAMPAIGN tizər kæmˈpeɪn

15 Sep 2023

Phrase

  • an advertising campaign that attracts the attention of people.
Example Sentence: The teaser campaign was run 3 months before product was launched.
 

LOYALTY lɔɪəlti

15 Aug 2023

Noun

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

BANKER’S DRAFT bæŋkərs dræft

15 Jul 2023

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

15 Jun 2023

Phrasal Verb

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