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. 

GAIN GROUND geɪn graʊnd

22 Oct 2020

Phrase

  • to go forward, to make progress.
Example Sentence: Our company is gaining ground in its attempt to be the best in the industry.
 

IN THE LOOP  

22 Sep 2020

Phrase

  • to be involved or to take part in a job.
Example Sentence: I began to work in the evenings and I was no longer in the loop at our company.
 

BUY (SOMETHING) ON CREDIT  

22 Aug 2020

Phrase

  • to buy something without paying cash.
Example Sentence: My friend had no money so he decided to buy some furniture on credit.
 

CLINCH klɪntʃ

22 Jul 2020

Verb

  • to successfully close a difficult business deal.
Example Sentence: After 5 hours of negotiating, they finally clinched a deal.
 

TO PIGEONHOLE pɪdʒənˌhoʊl

22 Jun 2020

Verb

  • to categorise somebody, to label somebody.
Example Sentence: Almost everybody gets pigeonholed for one reason or another. My boss, for example, thinks I am the one who is always late, although I only miss my train to work every second week.
 

TO DOWNSIZE daʊnˌsaɪz

22 May 2020

Verb

  • to cut the number of employees because the company wants to reduce costs.
Example Sentence: When the company decided to 'let me go' because they were downsizing, I started to panic. It took me two weeks to calm down and start thinking about what's next.
 

BRAINSTORM breɪnˌstɔrm

22 Apr 2020

Verb

  • to think together as a team, often in order to come up with a solution to a particular problem.
Example Sentence: Although we have been brainstorming for weeks, we haven't been able to find a good way of getting ahead of our competitors so far – we might need to invite an expert to help.
 

INDIRECT TAXATION ɪndəˈrɛkt, tækˈseɪʃən

22 Mar 2020

Noun

  • includes taxes which are levied in an indirect way rather than being charged directly on an individual's income or estate.
Example Sentences: Tax on products, such as cigarettes, alcohol and petrol, is also a form of indirect taxation.
High indirect taxation tends to hit the poor far more than the rich.
 

COMMODITIES kəˈmɒdɪti

22 Feb 2020

Noun

  • Products such as agricultural products and natural resources (wood, oil and metals) that are traded on a separate, authorized commodities exchange.
Example Sentence: The country's most valuable commodities include tin and diamonds.
 

LEGAL TENDER /ligəl tɛndər/

22 Jan 2020

Noun

  • Legal tender is the money which can be officially used in a country.
Example Sentences: A French person tried to pay using old British pound notes. I told him they weren't legal tender any more.
 

TO CASH A CHEQUE  

22 Dec 2019

Verb

  • to exchange a paper cheque for money.
Example Sentence: Ms Jones cashed a cheque she had received from selling her investments.
 

PROOF pruf

22 Nov 2019

noun

  • Proof is a noun and means a fact or piece of information which shows that something exists or is true.
Example Sentences: Do they have any proof that it was Hampson who stole the goods?
Keep your receipt as proof of purchase.
 

TO CUT A DEAL  

22 Oct 2019

phrase

  • To cut a deal is to make a successful, usually business, arrangement with someone or another company.
Example Sentences: We're both competing for the same business. Perhaps we can cut a deal to share out the work.
We've cut a deal with the sales staff. They've agreed to reduce their basic salary in return for more commission.
 

CERTIFICATE OF ORIGIN /sər tif′i kit ʌv ôr′ə jin/

22 Sep 2019

phrase

  • A certificate stating the country in which a commodity has been grown, milled, produced, manufactured or assembled.
Example Sentences:According to the certificate of origin, this lamp shade was made in Thailand.
 

DIRECT MAIL dɪˈrɛkt meɪl

22 Aug 2019

Noun

  • a form of advertising when promotional letters are sent to potential customers.
Example Sentence: They started to promote their service by using direct mail.
 
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