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. 

OVERNIGHT (SOMETHING) oʊvərˈnaɪt

29 Oct 2020

Phrase

  • to send a document or package somewhere for delivery the next day.
Example Sentence: We decided to overnight the new contract to our supplier.
 

LIQUID ASSETS lɪkwɪd æsɛts

29 Sep 2020

Phrase

  • property or belongings that can easily be converted to cash.
Example Sentence: The company had to sell some of its liquid assets in order to raise cash.
 

CLOSE THE BOOKS  

29 Aug 2020

Phrase

  • to stop taking orders, to end a bookkeeping period.
Example Sentence: The company will close the books at the end of December.
 

LIABLE laɪəbəl

29 Jul 2020

Adjective

  • likely to happen.
Example Sentence: Interest rates are liable to rise if market conditions don't change.
 

TO LOSE OUT TO  

29 Jun 2020

Phrasal Verb

  • to not get a deal/business because a competitor has offered better conditions/lower prices etc and thus got it
Example Sentence: Artists of the music and film industry are losing out to piracy so it's a question of life and death to work out ways in which to get back at least some of the revenues.
 

TO SUBCONTRACT sʌbkənˈtrækt

29 May 2020

Verb

  • to pay a (third party) company or a person to carry out work that you have been given a contract to do earlier.
Example Sentence: Though we subcontracted manufacturing ages ago, we think carrying out the tasks related to design ourselves is crucial if we want to maintain the quality our customers are used to.
 

TO DISCONTINUE dɪskənˈtɪnyu

29 Apr 2020

Verb

  • to stop doing something e.g. production of a product.
Example Sentence: The company decided to discontinue operations last month because the factory was making losses.
 

INCENTIVE ɪnˈsɛntɪv

29 Mar 2020

Noun

  • something which encourages somebody to do something.
Example Sentence: The tax incentives are aimed at attracting more foreign business.
 

MUTUAL FUND myutʃuəl fʌnd

29 Feb 2020

Noun

  • Savings fund that uses cash from a pool of savers to buy securities such as stock, bonds and real estate.
Example Sentence: It was another good week for mutual fund investors as equity markets moved higher and came within striking distance of the 11,000-point mark.
 

ACCOUNTS RECEIVABLE əˈkaʊnt rɪˈsivəbəl

29 Jan 2020

Phrase

  • This is the amount billed to customers and due from them but not yet collected.
Example Sentence: You must maintain an accounts receivable ledger account for each customer you extend credit to.
 

TO APPLY FOR A LOAN  

29 Dec 2019

Verb

  • to give the bank information and to ask for a loan.
Example Sentence: He applied for a car loan at his bank.
 

DEPENDANT dɪˈpɛndənt

29 Nov 2019

noun

  • A dependant is someone who depends on you for financial support, such as a child or family member who does not work.
Example Sentences: My pension will provide financial stability for my dependants.
The insurance provides coverage for workers and their dependants.
 

TO CALL IT QUITS  

29 Oct 2019

phrase

  • To call it quits is to stop doing something, or to agree with someone that a debt has been paid and that no one owes anything more.
Example Sentences: I reckon we owe you about the same as you owe us. Why don't we just call it quits?
I paid for last week's shopping and you paid for this week's, so let's call it quits.
 

PAYMENT TERMS /pā′mənt tʉrmz/

29 Sep 2019

phrase

  • Conditions under which a seller will make a sale. Typically, these terms specify the period allowed to a buyer to pay off the amount due, and may demand cash in advance, cash on delivery, deferred payment period of 30 days or more, etc.
Example Sentences:According to our payment terms, invoices must be settled within 14 days.
We couldn’t accept their payment terms so we chose another supplier.
 

FLIGHT OF CAPITAL flaɪt ʌv kæpɪtl

29 Aug 2019

Phrase

  • large-scale withdrawal of investment from a country.
Example Sentence: The recent flight of capital was caused by political unrest.
 

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