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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. 

BENEFICIARY ˌbɛnəˈfɪʃiˌɛri

Noun

  • the person who will receive something.
Example Sentence: I was the sole beneficiary in my father's will.
 

CARRY-ON LUGGAGE
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Noun

  • refers to luggage, the small bag(s), you can take on board the plane
Example Sentence: Most airlines limit the weight of carry-on luggage to 7 kilos.

 

 

ESSENCE ɛsəns

Noun

  • the most important part of an idea, a system etc.
Example Sentence: The essence of her message was that costs must be reduced.
 

RESTRUCTURE riˈstrʌktʃər

Verb

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

DEMOTE dɪˈmoʊt

Verb

  • to be moved to a position of lower status.
Example Sentence: He was demoted because of poor performance.
 

IN BULK ɪn bʌlk

Phrase

  • in large amounts.
Example Sentence: We buy paper in bulk at a very low price.
 

SPONSOR spɒnsər

Verb

  • to pay money towards something in exchange for advertising space.
Example Sentence: They sponsored the Olympic Games in Sydney.
 

FLOOD A MARKET  

Phrase

  • to introduce a new product on the market in a very large quantity.
Example Sentence: They have flooded the market with merchandise for the film.
 

LEVEL OFF lɛvəl ɔf

Phrasal Verb

  • stop increasing.
Example Sentence: Prices levelled off in mid-June.
 

PAY UP peɪ ʌp

Phrasal Verb

  • give money.
Example Sentence: You must pay up by Friday.
 

HOSTILE TAKEOVER BID  

Phrase

  • an aggressive attempt by a company to buy control of another company.
Example Sentence: Their French rival has launched a hostile takeover bid.
 

MOGUL moʊgəl

Noun

  • a very wealthy or powerful person in business.
Example Sentence: He is described as the world’s most powerful media mogul.
 

DIGITAL SIGNATURE  

phrase

  • A digital signature on an electronic document is equivalent to a personal signature on a written document. A digital signature provides proof of the document's origin. The certificate owner "signs" a document by using the private key that is associated with the certificate. The recipient of the document uses the corresponding public key to decrypt the signature, which verifies the sender as the source.
Example Sentences:He used a scanned copy of his signature instead of a digital one.
The entire transaction is recorded and secured using digital signature technology
 

SIGN-IN POLICY  

phrase

  • A website or network with a sign-in policy requires all users to log in with a username and password. This ensures that only registered users enter the site.
Example Sentences:Workplace English Training E-Platform has a sign-in policy. Only registered users can enter the member’s area.
Most premium content sites have a sign-in policy.
 
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