Business Word/Phrase of the Day

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CLAUSE klɔz

20 Jun 2019

Noun

  • a section or statement from a legal text, such as a law or a contract.
Example Sentence: The lawyer drew his attention to clause 12.5 of the contract.
 

FLOP flɒp

20 May 2019

Verb

  • very unsuccessful.
Example Sentence: The product was a flop and was discontinued after just 6 months.
 

SLOGAN sloʊgən

20 Apr 2019

Noun

  • A phrase which a company creates to accompany a product.
Example Sentence: Which product had the slogan, 'You can't beat the feeling?'.
 

DOMESTIC dəˈmɛstɪk

20 Mar 2019

Adjective

  • relating to a country's internal economy or businesses.
Example Sentence: They are attempting to protect the domestic industries.
 

LEVEL OFF lɛvəl ɔf

20 Feb 2019

Phrasal Verb

  • stop increasing.
Example Sentence: Prices levelled off in mid-June.
 

NARROW DOWN næroʊ daʊn

20 Jan 2019

Phrasal Verb

  • reduce number.
Example Sentence: The police department attempted to narrow down the list of suspects.
 

HARD-SELL hɑrd sɛl

20 Dec 2018

Noun

  • (of selling or advertising) aggressive and forceful .
Example Sentence: He tried to defend the hard-sell tactics used to entice customers.
 

LETTER OF CREDIT  

20 Nov 2018

Noun

  • a letter from a bank that guarantees a payment to a specified person.
Example Sentence: The seller requires a letter of credit to secure payment.
 

TAKE ON (AN EMPLOYEE)  

20 Oct 2018

Phrase

  • to give a job to someone, to hire someone.
Example Sentence: The company took on many new workers during the busy holiday season.
 

OUT OF THE LOOP  

20 Sep 2018

Phrase

  • to not be involved or taking part in a job.
Example Sentence: I was out of the loop during the negotiations and did not know what was going on.
 

LAND AN ACCOUNT  

20 Aug 2018

Phrase

  • to acquire an account.
Example Sentence: The salesman landed a large account on his first day of work.
 

CAPTAIN OF INDUSTRY  

20 Jul 2018

Phrase

  • a top corporation officer.
Example Sentence: The president of our company was a captain of industry and when he retired.
 

AXE æks

20 Jun 2018

Verb

  • to suddenly reduce or stop providing something.
Example Sentence: The product was axed a mere five weeks after it was launched.
 

LAISSEZ-FAIRE lɛseɪ ˈfɛr

20 May 2018

Noun

  • a style of management when the manager sets the task and then allows the employees to complete it with more or less independence and with only a minimal involvement from his side.
Example Sentence: The laissez-faire management style of the CEO really inspires colleagues and spurs growth.
 

TO ROLL OUT roʊlˌaʊt

20 Apr 2018

Noun

  • to launch a new product or service in a market.
Example Sentence: We have just finished testing our new product line and we are planning to roll it out early next year.
 
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