Business Word/Phrase of the Day

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MAKE A GO OF (SOMETHING)  

01 Oct 2020

Phrase

  • to produce good results, to succeed at something.
Example Sentence: Although the man works very hard in his small business he cannot make a go of it.
 

CRUNCH NUMBERS krʌntʃ nʌmbərz

01 Sep 2020

Phrase

  • to do mathematical calculations.
Example Sentence: Our accountant loves to crunch numbers and he is one of the top managers in the company.
 

A GLUTTED MARKET glʌtɪd mɑrkɪt

01 Aug 2020

Noun

  • overfull; a market that is full of a certain product or service.
Example Sentence: They went bankrupt when the used tyre market of the country became glutted by cheap imported tyres.
 

TO REVIVE rɪˈvaɪv

01 Jul 2020

Verb

  • to make something strong and healthy again after a difficult period.
Example Sentence: Policy makers have been struggling to revive the economy and experts say the right measures have been introduced to this end.
 

TO REHEARSE rɪˈhɜrs

01 Jun 2020

Verb

  • to practise e.g. a presentation before actually delivering it.
Example Sentence: It is important to rehearse before delivering a presentation, partly because you can gain the necessary confidence this way.
 

CREDIT LIMIT krɛdɪt lɪmɪt

01 May 2020

Noun

  • the maximum amount of money a financial institution e.g. a bank is willing to give someone.
Example Sentence: If your credit limit with your bank is too low, it's not the best solution to acquire credit cards from several different banks.
 

VENDOR vɛndər

01 Apr 2020

Noun

  • someone who sells something.
Example Sentence: The street vendor offered a range of products made by local people.
 

OPTION ɒpʃən

01 Mar 2020

Noun

  • The right to buy and sell certain securities at a specified price and period of time.
Example Sentence: Part of the deal is that we are given options to buy 100,000 shares at 0.35c a share.
 

BURN RATE bɜrn reɪt

01 Feb 2020

Phrase

  • Refers to the amount of money a start-up company spends from month to month (money burnt) in order to survive.
Example Sentences: A burn-rate of $50,000 would mean the company spends $50,000 a month above any incoming cash flow to sustain its business.
Our current burn rate is US$15,000 per month. At this rate, we'll be able to continue operating the business until the end of the year.
 

TO ISSUE A CREDIT CARD  

01 Jan 2020

Phrase

  • to give a credit card to a customer.
Example Sentence: The bank issues three kinds of credit cards.
 

SPLASH OUT /splæʃ aʊt/

01 Dec 2019

Phrasal Verb

  • to spend a lot of money on something you don't need, but is very pleasant.
Example Sentence: When the city traders get their annual bonus, they splash out on everything from sports cars to luxury houses.
 

LICENCE līˈsəns

01 Nov 2019

noun

  • A licence is an official document which gives you permission to own, do or use something, usually after you have paid money and/or taken a test. (UK ENGLISH: License)
Example Sentences: Do you need a licence to operate a fork-lift truck?
The police officer checked his driving licence.
 

TRADEOFF treɪdˌɔf

01 Aug 2019

Noun

  • a situation in which you accept something bad in exchange for something good.
Example Sentence: They may be willing to accept the tradeoff of a higher price for time saved.
 

MEET DEMAND mit dɪˈmænd

01 Jun 2019

Phrase

  • manage to supply enough of something.
Example Sentence: The company is struggling to meet the sudden demand.
 

TRANSPARENT trænsˈpɛərənt

01 May 2019

Adjective

  • clear and open for all to see.
Example Sentence: People want the government to have more transparent processes.
 
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