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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. 

JACK UP THE PRICE OF (SOMETHING)  

Phrase

  • to make a price higher.
Example Sentence: The steel company decided to jack up the price of steel at the beginning of the year.
 

BY A LONG SHOT  

Phrase

  • by a big difference.
Example Sentence: The soap company beat out the bids of the other companies by a long shot.
 

APTITUDE TEST æptɪˌtud tɛst

Noun

  • a test which measures a person's ability to do a certain job
Example Sentence: Candidates will be required to complete an aptitude test.
 

CASUAL WORK kæʒuəl wɜrk

Noun

  • work that is not permanent, with no obligation for the employer to provide the usual employment conditions such as sick leave.
Example Sentence: Casual jobs which last for a few days only are available throughout the year in my favourite country, New Zealand.
 

TO ROLL OUT roʊlˌaʊt

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.
 

TO FACILITATE fəˈsɪlɪˌteɪt

Verb

  • to make an activity, a process etc easier to happen.
Example Sentence: Do you think a new marketing campaign would facilitate increasing sales?
 

RETURN ON INVESTMENT  

Phrase

  • profit (or loss) on an investment, often expressed as a percentage.
Example Sentence: I initially invested $50,000 in the company. In the past 5 years, the company has paid me $150,000 in profit share. That’s what I call an excellent return on investment.
 

FUTURES fyutʃər

Noun

  • Contracts to buy or sell securities at a future date.
Example Sentence: If you invest in futures and predict that a stock will decrease in value by a certain date, but the stock actually increases in value, you will lose money.
 

MERGED /mɜrdʒ/

Verb

  • If two companies merge, they join together to form a single company
Example Sentences: When did Glaxo Welcome and Smithkline Beecham merge?
We merged with X company in 1990.
 

TO CREDIT AN ACCOUNT  

Verb

  • to record money added to an account.
Example Sentence: The teller credited his account with his deposit of $50.
 

CURRENT kɜrənt

adjective

  • Current is an adjective meaning now or of the present time.
Example Sentences: Have you seen the current issue of Vogue magazine?
The word 'thou' is no longer in current use.
 

TO BE ON THE MAKE  

phrase

  • If someone is on the make they are trying very hard to obtain more money and power.
Example Sentences: I wouldn't trust Harry. He's definitely someone who is on the make.
Tom's a young man on the make - he doesn't care who he offends.
 

FREIGHT / frāt/

noun

  • A transportation term meaning any goods transported by a vehicle or ship, and/or any charges incurred for such transport.
Example Sentences:What is the freight charge for sending a container of this size to the UK?
90% of all freight entering the country is transported by rail to China.
 

MEDICAL EXPENSES mɛdɪkəl ɪkˈspɛns

Noun

  • the money spent in a hospital for medicine, doctors’ fees, tests, etc.
Example Sentence: Often medical expenses can be used when filing taxes each year.

 

 

RESERVATION rɛzərˈveɪʃən

Noun

  • when you arrange to have something such as a seat on an aircraft or a table at a restaurant kept for you.
Example Sentence: Please confirm your reservation in writing by Friday.

 

 
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