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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. 

LOYALTY lɔɪəlti

07 May 2021

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

07 Apr 2021

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

07 Mar 2021

Phrasal Verb

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

BRING FORWARD brɪŋ fɔrwərd

07 Feb 2021

Phrasal Verb

  • make earlier.
Example Sentence: The book's publication date has been brought forward.
 

RAISE CAPITAL reɪz kæpɪtl

07 Jan 2021

Verb

  • to try to get money for a business venture.
Example Sentence: The factory was sold to raise capital.
 

WORK OVERTIME wɜrk oʊvərˈtaɪm

07 Dec 2020

Phrase

  • to work more than one's regular hours.
Example Sentence: I had to work overtime every Friday last month.
 

RED INK rɛd ɪŋk

07 Nov 2020

Phrase

  • debt (the red ink on a financial statement).
Example Sentence: The automobile company has much red ink because of the bad economic conditions.
 

ON CREDIT ɒn krɛdɪt

07 Oct 2020

Phrase

  • without paying cash.
Example Sentence: We usually buy most of our furniture on credit.
 

FACE VALUE (OF SOMETHING)  

07 Sep 2020

Phrase

  • the official value or worth of something
Example Sentence: Although the face value of the postage stamp was very low it sold at the auction for $1,000.
 

TOP BRASS tɒp bræs

07 Aug 2020

Noun

  • people in the key positions of an organization or a company.
Example Sentence: The car manufacturer's top brass started panicking when share prices plunged at the beginning of Q2.
 

OFFHAND ɔfˈhænd

07 Jul 2020

Adverb

  • without preparation and without thinking about something.
Example Sentence: He couldn't tell me offhand whether the item in question is tradeable or not. He promised to check the details and then get back to me.
 

BEAR MARKET bɛər mɑrkɪt

07 Jun 2020

Phrase

  • a downward market trend when prices of shares, commodities etc are falling and the market is pessimistic. When this occurs there is usually high inflation and unemployment.
Example Sentence: Investment in a bear market might make sense.
 

COLLATERAL kəˈlætərəl

07 May 2020

Noun

  • a car, a house or something valuable that you promise to give the lender if you cannot pay back the money you borrowed from them.
Example Sentence: I need $20.000 urgently. I can put my flat in London up as collateral – it must be worth 10 times as much as that.
 

TENANT tɛnənt

07 Apr 2020

Noun

  • a person or group that rents and occupies land, a house, an office, or the like, from another for a period of time.
Example Sentence: The tenants were upset about the recent changes to the lease.
 

SPECULATOR spɛkyəˌleɪtər

07 Mar 2020

Noun

  • Someone who buys and sells stocks and shares in the hope of making a profit through changes in their value.
Example Sentence: A property speculator is interested in buying some farmland from us. He hopes to be able to build houses on it one day.
 
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