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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/

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

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

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

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  

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

Verb

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

JEOPARDISE [US -IZE] dʒɛpərˌdaɪz

Verb

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

COMMUTE kəˈmyut

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

Phrasal Verb

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

DREAM UP drim ʌp

Phrasal Verb

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

STAGNATE stægneɪ

Verb

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

CONSORTIUM kənˈsɔrʃiəm

Noun

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

AFTER-SALES SERVICE  

Noun

  • service that is provided after something has been sold.
Example Sentence: The company was praised for its excellent after-sales service.
 

START-UP /ˈstɑːt.ʌp/

noun

  • a small business that has just been started
Example Sentences:Start-ups often fail in the first year of trading.
Although we’re a start-up, we’ve secured a lot business through heavy marketing.
 

MALICIOUS CODE ˌ/məˈlɪʃ.əs koʊd/

phrase

  • computer software capable of performing an unauthorized process on an information system, usually with the intent of causing damage
Example Sentences:Is this a trusted website? It might contain some malicious code.
If you visit a website containing malicious code, it could seriously damage your computer.
 
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