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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. 

LIABILITIES /ˌlaɪ əˈbɪl ɪ teez/

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.
 

BED AND BREAKFAST  

Noun

  • a type of accommodation offering up to about 10 rooms and limited services and facilities, although breakfast is included in the price of the room .
Example Sentence: I usually stay at a bed and breakfast because they’re cheaper than hotels.

 

 

CURRENCY kɜrənsi

Noun

  • the unit of money that is used in a country.
Example Sentence: The unit of currency in Singapore is the Singapore Dollar.

 

 

CAMPAIGN kæmˈpeɪn

Noun

  • a group of activities that want to achieve a particular aim.
Example Sentence: They've launched a new advertising campaign on the TV.
 

HARD-SELL hɑrd sɛl

Adjective

  • (of selling or advertising) aggressive and forceful.
Example Sentence: He tried to defend the hard-sell tactics used to entice customers.
 

STIFF stɪf

Adjective

  • strong and difficult to beat.
Example Sentence: They need to reduce costs in the face of stiff competition.
 

BRAND AWARENESS brænd əˈwɛərnɪs

Noun

  • the extent to which a brand is recognised by the public.
Example Sentence: The ad campaign aims to boost brand awareness in the country.
 

OBLIGATION ɒblɪˈgeɪʃən

Noun

  • something that you must do.
Example Sentence: You are under no obligation to finish this job.
 

CONFIDENTIALITY kɒnfɪˈdɛnʃəl

Noun

  • the state of being secret.
Example Sentence: I am giving you this information in complete confidentiality.
 

BACK DOWN bæk daʊn

Phrasal Verb

  • stop arguing.
Example Sentence: He seems reluctant to back down and admit that he is wrong.
 

FIX UP fɪks ʌp

Phrasal Verb

  • arrange.
Example Sentence: I'd like to fix up a meeting with you for some time next week if that's possible.
 

STAKE steɪk

Noun

  • the proportion of a business that a person has invested in.
Example Sentence: He holds a 20% stake in the company.
 

CUT kʌt

Verb

  • to reduce the amount or value of something.
Example Sentence: The company plans to cut 250 jobs from offices across the country.
 

ALLOCATE æləˌkeɪt

Verb

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

CLEAR UP klɪər ʌp

Phrasal Verb

  • make understandable.
Example Sentence: Have I cleared up anything that you did not understand?
 
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