Business Word/Phrase of the Day

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AJOURN A MEETING  

09 Aug 2020

Phrase

  • to end a meeting.
Example Sentence: We adjourned the meeting until the next day.
 

SUM SOMETHING UP  

09 Jul 2020

Phrasal Verb

  • to summarise something; to outline the main points.
Example Sentence: Can we sum up what was said in the meeting.
 

TO SUBSIDISE sʌbsɪˌdaɪz

09 Jun 2020

Verb

  • to give money to a person, institution or organisation in order to aid them.
Example Sentence: The government cannot subsidise every single initiative; they have to prioritise somehow.
 

GROSS PROFIT MARGIN groʊs prɒfɪt mɑrdʒɪn

09 May 2020

Noun

  • The difference between the selling price of a product or service and the cost of producing it, excluding taxation, salaries paid to employees, overheads (electricity, office rent etc).
Example Sentence: There were so many items I had to work with that in the end I made a mistake in calculating our gross profit margin.
 

ADMINISTRATION ædˌmɪnəˈstreɪʃən

09 Apr 2020

Noun

  • the management of any office, business, or organization; direction.
Example Sentence: Changes to the administration will occur after May 1st.
 

STOCKBROKER stɒkˌbroʊkər

09 Mar 2020

Noun

  • A licensed professional who buys and sells stocks and shares for clients in exchange for a fee, called a 'commission'.
Example Sentence: Bill is a stockbroker for a big investment bank. He earns a huge salary but he has to work long and suffer a great deal of stress.
 

TEAM PLAYER tim pleɪər

09 Feb 2020

Phrase

  • Is someone who is good at working closely with other people.
Example Sentences: ABC Bank Ltd requires a team player committed to quality management.
He is a good team player and works well with all his colleagues.
 

BANK INTEREST RATE  

09 Jan 2020

Noun

  • A bank's interest rate is the amount that the bank charges on money that it lends you.
Example Sentence: My bank's interest rate on mortgages currently stands at 4.75%; its interest rate on savings is just 1.3%.
 

PAY BACK /peɪ bæk/

09 Dec 2019

Phrasal Verb

  • to return money owed to someone.
Example Sentence: Can you lend me $50? I'll pay you back tomorrow.
 

COURSE kɔrs

09 Nov 2019

noun

  • Course has many meanings, but the most common meaning is a set of classes or a plan of study on a particular subject, usually resulting in an exam or qualification.
Example Sentences: Tim did a three-year course in linguistics at London University.
They're going away on a training course next week.
 

TO CUT CORNERS /tu; kʌt kɔrnərs/

09 Oct 2019

phrase

  • To cut corners is to use faster and easier methods in return for lower quality products.
Example Sentences: My office decided that all employees should stop cutting corners, so now we must create all of our own documents.
The engineers had cut too many corners when they started saying paper was a good material for building commercial airlines.
 

AVAILABLE BALANCE /ə vāl′ə bəl bal′əns/

09 Sep 2019

phrase

  • The available balance is the portion of a customer's bank account balance on which the bank has placed no restrictions, making it available for immediate withdrawals.
Example Sentences:Would you like to transfer all your available balance into your fixed deposit account, sir?
My available balance is the same as my ledger balance so those cheques must have cleared.
 

BUDGET CONSTRAINT bʌdʒɪt kənˈstreɪnt

09 Aug 2019

Noun

  • things that limit the amount of money that can be spent.
Example Sentence: The department manager was restricted by strict budget constraints.
 

GET DOWN TO BUSINESS  

09 Jul 2019

Phrase

  • start doing the thing that you intend to do.
Example Sentence: Let's get down to business! What is the first item on the agenda?
 

SLASH slæʃ

09 Jun 2019

Verb

  • greatly reduce in price or number.
Example Sentence: Prices have been slashed in the summer sales.
 
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