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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. 

NET WORTH /nɛt/ /wɜrθ/

26 Mar 2024

phrase

  • Net Worth is the value of a person’s assets, including cash, minus total liabilities. It is often used as an underwriting guideline to indicate an individual's creditworthiness and financial strength.
Example Sentences:He may appear to be rich, but his net worth is quite small, actually. He has 95% mortgages on most of his properties.
Bill Gates’ net worth increased dramatically over the past year due to the good performance of Microsoft’s shares.
 

FULLY BOOKED fʊli bʊk

26 Feb 2024

Phrase

  • If a hotel is fully booked, all the rooms are taken; there are no rooms available.
Example Sentence: I’m afraid we’re fully booked on October 31.

 

 

CRUISE kruz

26 Jan 2024

Verb

  • a journey on a ship for pleasure. (v) to sail on a ship for pleasure.
Example Sentence: Next summer my grandparents are going on a cruise around the Greek Islands.

 

 

BUDGET CONSTRAINT bʌdʒɪt kənˈstreɪnt

26 Dec 2023

Noun

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

HAND IN YOUR NOTICE  

26 Nov 2023

Phrase

  • to officially tell your company that you are leaving the job.
Example Sentence: He handed in his notice when he heard that he had got the new job.
 

SLASH slæʃ

26 Oct 2023

Verb

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

ALLOCATE æləˌkeɪt

26 Sep 2023

Verb

  • to specify where something (especially resources) will go.
Example Sentence: They have allocated $50 million for research and development.
 

JEOPARDISE [US -IZE] dʒɛpərˌdaɪz

26 Aug 2023

Verb

  • to put something at risk or in danger.
Example Sentence: His mistake jeopardised the entire project.
 

COMMUTE kəˈmyut

26 Jul 2023

Verb

  • to travel to and from a city every day for work.
Example Sentence: I commute to work by train, a round-trip distance of 40 miles.
 

WIND UP waɪnd ʌp

26 Jun 2023

Phrasal Verb

  • close.
Example Sentence: Lawyers were called in to wind up the company.
 

DREAM UP drim ʌp

26 May 2023

Phrasal Verb

  • invent something wild.
Example Sentence: They've asked a marketing company to dream up a name for their latest product.
 

STAGNATE stægneɪ

26 Apr 2023

Verb

  • to not grow or develop.
Example Sentence: Property sales in villages near the factory have stagnated.
 

CONSORTIUM kənˈsɔrʃiəm

26 Mar 2023

Noun

  • a group of companies that cooperate and share resources.
Example Sentence: The company is part of an international consortium.
 

STRIKE WHILE THE IRON IS HOT  

26 Feb 2023

Phrase

  • to take advantage of an opportunity.
Example Sentence: I decided to strike while the iron was hot and apply for the job as soon as it was advertised.
 

HANG OUT ONE’S SHINGLE  

26 Jan 2023

Phrase

  • to open one's own business (usually as a professional).
Example Sentence: My friend decided to hang out his shingle as a dentist soon after he finished college.
 
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