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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. 

HEADS WILL ROLL  

26 Dec 2022

Phrase

  • someone will be punished.
Example Sentence: Heads will roll when our boss learns about the money that we have lost.
 

BOUNCE A CHECK  

26 Nov 2022

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.
 

AFTER-SALES SERVICE  

26 Oct 2022

Noun

  • service that is provided after something has been sold.
Example Sentence: The company was praised for its excellent after-sales service.
 

DAMAGES dæmɪdʒ

26 Sep 2022

Noun

  • the money/compensation you get if someone/something has caused you injury or harm.
Example Sentence: My company seeks EUR 10,000 in damages from our competitor since they've obviously copied the basic features of our best selling product.
 

TO EMBEZZLE ɛmˈbɛzəl

26 Jul 2022

Verb

  • to steal money that belongs to your employer.
Example Sentence: The bank's manager was able to embezzle thousands of dollars from his employer.
 

TAX EVASION tæks ɪˈveɪʒən

26 Jun 2022

Noun

  • Is the minimising of the tax you owe by failing to declare taxable income or taxable capital gains or by submitting false information to the tax authorities.
Example Sentence: World famous Tenor Luciano Pavoratti was convicted of tax evasion in 1999, and ordered to pay a penalty of US$11 million to the Italian Courts.
 

SUPPLY AND DEMAND  

26 May 2022

Phrase

  • Is the idea that the price of goods and services depends on how much of something is being sold and how many people want to buy it.
Example Sentence: If we are going to remain competitive, we have no choice but to lower our prices. There are simply too many hotels in the city. It’s supply and demand!
 

REDUNDANCY PAYMENT /rɪˈdʌndənsi peɪmənt/

26 Apr 2022

Noun

  • A redundancy payment is what a company pays to workers who are no longer needed.
Example Sentences: How was your redundancy payment calculated?
After working for the company for 20 years, I received a very generous redundancy payment.
 

PUT ASIDE /pʊt əˈsaɪd/

26 Mar 2022

Phrasal Verb

  • to save money for a specific purpose.
Example Sentence: I put aside a little every month for a deposit on a house.
 

START-UP /ˈstɑːt.ʌp/

26 Sep 2014

noun

  • a small business that has just been started
Example Sentences:Start-ups often fail in the first year of trading.
Although we’re a start-up, we’ve secured a lot business through heavy marketing.
 

MALICIOUS CODE ˌ/məˈlɪʃ.əs koʊd/

26 May 2013

phrase

  • computer software capable of performing an unauthorized process on an information system, usually with the intent of causing damage
Example Sentences:Is this a trusted website? It might contain some malicious code.
If you visit a website containing malicious code, it could seriously damage your computer.
 

TO TAKE EARLY RETIREMENT  

26 Aug 2012

phrase

  • If you take early retirement, you stop working before the normal retirement age and generally receive your company pension (all or part of it) early.
Example Sentences:He was a stockbroker for 10 years and is now taking early retirement at the age of 40!
If I’m lucky the company will offer me early retirement.
 
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