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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. 


19 May 2024


  • To do a roaring trade is to sell a lot of goods very quickly.
Example Sentences: The product has been a great success. We're doing a roaring trade in it.
It was a hot sunny day and the ice-cream sellers were doing a roaring trade.

ORDER BACKLOG /ôr′dər bak lôg′/

19 Apr 2024


  • Value of unfulfilled orders, or the number of unprocessed jobs, on a given day. While a backlog indicates the workload that is beyond the production capacity of a department or firm, it also serves as a pointer toward the firm's future sales revenue and earnings.
Example Sentences:We have an order backlog of about $670,000.
Due to a large order backlog, all orders are currently delayed by about two weeks.

INSURANCE ASSESSMENT nˈʃʊərəns əˈsɛsmən

19 Mar 2024


  • the analysis done by the insurer to determine the specific costs of a claim.
Example Sentence: The assessment of these expenses will take approximately 2 weeks.



EXECUTIVE SUITE ɪgˈzɛkyətɪv swit

19 Feb 2024


  • a large, luxury room in a hotel often including a separate bedroom and living room.
Example Sentence: The executive suite is located on the top floor of the hotel beside the health spa.



ACCOMMODATION əˌkɒməˈdeɪʃən

19 Jan 2024


  • a place where people can live or sleep.
Example Sentence: We have not decided on our accommodation yet. We might stay with friends, in a hotel or maybe even rent a cottage!



TURNAROUND tɜrnəˌraʊnd

19 Dec 2023


  • an improvement following poor performance.
Example Sentence: The impressive sales figures are a dramatic turnaround for the company.

CASHFLOW kæʃfloh

19 Nov 2023


  • the amount of money moving through a company.
Example Sentence: Accountants can advise on systems for managing cashflow.

MIDDLEMAN mɪdlˌmæn

19 Oct 2023


  • somebody who acts between two people/groups in business.
Example Sentence: Let's cut out the middleman and work directly with each other.

UNDERVALUED ʌndərˈvælyu

19 Sep 2023


  • not appreciated/priced as much as something should be.
Example Sentence: She feels that her work is undervalued by her new boss.

MARKET NICHE mɑrkɪt nɪtʃ

19 Aug 2023


  • a small but profitable segment of market.
Example Sentence: They found a market niche providing special chairs for elderly people.

BOOST bust

19 Jul 2023


  • to give extra energy or increase something, such as sales.
Example Sentence: They're hoping that the new ad campaign will boost sales.

SUM UP sʌm ʌp

19 Jun 2023

Phrasal Verb

  • summarise.
Example Sentence: The purpose of a conclusion is to sum up the main points of the essay.

BUILD UP bɪld ʌp

19 May 2023

Phrasal Verb

  • increase.
Example Sentence: There were big delays as traffic built up on the roads into the city.

RESTRUCTURE riˈstrʌktʃər

19 Apr 2023


  • to make changes to the organisation of a company.
Example Sentence: The new owner plans to restructure the failing car maker.

BANKRUPT bæŋkrʌp

19 Mar 2023


  • financially unable to continue business.
Example Sentence: The company went bankrupt due to mismanagement.