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. 

OUTSOURCE (SOMETHING)  

28 Oct 2020

Phrase

  • to use outside sources rather than those within a company.
Example Sentence: The manufacturing company outsourced many of their products.
 

LAY (SOMETHING) ON THE TABLE  

28 Sep 2020

Phrase

  • to present a matter for discussion.
Example Sentence: I went to the meeting and laid my concerns about the new product on the table.
 

CIRCULATE THE AGENDA  

28 Aug 2020

Phrase

  • to distribute a list or other information about work.
Example Sentence: We circulated the agenda for the meeting one week before the meeting.
 

APTITUDE TEST æptɪˌtud tɛst

28 Jul 2020

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.
 

TO QUADRUPLE kwɒˈdrupəl

28 Jun 2020

Verb

  • to become four times bigger.
Example Sentence: Sales of this particular product have quadrupled in the past 2 months owing to the especially successful marketing campaign.
 

TO WITHDRAW wɪðˈdrɔ

28 May 2020

Verb

  • to stop taking part in something or doing something.
Example Sentence: Air Asia withdrew its flights from Heathrow Airport in October.
 

RETAIL CHAIN riteɪl tʃeɪn

28 Apr 2020

Noun

  • a number of similar shops or stores that sell products to the public.
Example Sentence: We have only one retail chain in our town. I've never liked them – the choice of dairy products on offer is really poor. I think some competition would do them good.
 

REMORTGAGE reɪmɔrgɪdʒ

28 Mar 2020

Verb

  • arrange a second mortgage (= an agreement with a bank or similar organization in which you borrow money to buy property), or increase the first mortgage, especially in order to obtain more money.
Example Sentence: In order to raise funds to pay off my debts, I’ve had to remortgage my apartment.
 

LIABILITIES /ˌlaɪ əˈbɪl ɪ teez/

28 Feb 2020

noun

  • Liabilities include accounts payable (money you owe to suppliers), plus all current costs of doing business (mortgage payments, insurance, taxes, salaries, utilities).
Example Sentences:The business has liabilities of $2 million.
If our liabilities increase further, we’ll have to consider closing down the company.
 

ACCOUNTS PAYABLE əˈkaʊnt peɪəbəl

28 Jan 2020

Phrase

  • Is the amount that the company has been billed but has not yet paid. This is money owed to its regular business creditors from whom it has bought goods and services.
Example Sentences: You should keep an accounts payable ledger account for each supplier.
Expenses from the cash disbursements journal are, at the end of each day, posted to the appropriate accounts payable ledger.
 

TO MAKE A PAYMENT  

28 Dec 2019

Verb

  • to pay.
Example Sentence: The loan requires the customer to make a payment every month.
 

DEPENDENT dɪˈpɛndənt

28 Nov 2019

adjective

  • If someone is dependent, they need the support of something or someone in order to continue existing or operating.
Example Sentences: He has three dependent children.
It's very easy to become dependent on sleeping pills.
 

TO CALL IT A DAY  

28 Oct 2019

phrase

  • To call it a day is to stop the work you are doing.
Example Sentences: We've been working on this for fourteen hours now. Isn't it time we called it a day?
I'm getting a bit tired now - shall we call it a day?
 

TECHNICAL SKILLS / tek′ni kəl skilz/

28 Sep 2019

phrase

  • Knowledge and proficiencies required in the accomplishment of engineering, scientific, or any specific task.
Example Sentences:What technical skills are required to perform this job?
In addition to having excellent technical skills, he also shows a great deal of innovation.
 

FLAT MARKET flæt mɑrkɪt

28 Aug 2019

Noun

  • a market that is characterised by little activity.
Example Sentence: The sale of sewing machines is a flat market with few surprises.
 
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