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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. 

AUDIT ɔdɪt

24 Jul 2021

Noun

  • an investigation of a company's finances to make sure they are correct.
Example Sentence: They are carrying out the annual audit.
 

END USER ɛnd yuzər

24 Jun 2021

Noun

  • the person who uses a product or service.
Example Sentence: We need more feedback from end users.
 

QUOTA kwoʊtə

24 May 2021

Noun

  • a limit set on the amount of imports which can come into a country.
Example Sentence: The country has set quotas on steel imports.
 

DEPOSIT dɪˈpɒzɪt

24 Apr 2021

Noun

  • a large store of something natural deep underground, especially oil.
Example Sentence: Companies are searching for oil deposits under the Pacific Ocean.
 

CUT DOWN ON  

24 Mar 2021

Phrasal Verb

  • reduce.
Example Sentence: We need to cut down on costs, if we want to survive.
 

MAKE UP meɪk ʌp

24 Feb 2021

Phrasal Verb

  • create a story.
Example Sentence: I'd made up some story about having to go home to see my sick mother.
 

TURNAROUND tɜrnəˌraʊnd

24 Jan 2021

Noun

  • an improvement following poor performance.
Example Sentence: The impressive sales figures are a dramatic turnaround for the company.
 

GET INTO DEBT  

24 Dec 2020

Phrase

  • to get into a situation in which you owe people money.
Example Sentence: It's easy to get into debt if you have a credit card.
 

TAKE A PAY CUT  

24 Nov 2020

Phrase

  • to accept a decrease in one's salary.
Example Sentence: The telephone workers were forced to take a pay cut after the strike.
 

ON HAND ɒn hænd

24 Oct 2020

Phrase

  • to be in one's possession, to be ready.
Example Sentence: We did not have enough supplies on hand and were unable to finish the job.
 

IN THE WORKS  

24 Sep 2020

Phrase

  • to be in preparation, to be in the process of being done.
Example Sentence: The camera company has a new camera in the works but nobody knows about it.
 

BUYOUT baɪˌaʊt

24 Aug 2020

Noun

  • when a person or group buys control of a company.
Example Sentence: A private equity firm has completed its $3.5bn buyout of the UK music group.
 

ASSIGN əˈsaɪn

24 Jul 2020

Verb

  • to give a particular job or task to somebody.
Example Sentence: The job of finding more seats for the event was assigned to Paul.
 

WORD-OF-MOUTH ADVERTISEMENT  

24 Jun 2020

Phrase

  • a type of advertisement when a product or service is popularized because people tell each other about it and not because they read about it or watch adverts on TV.
Example Sentence: Experts say that word-of-mouth advertising is much more influential than any other form of publicity because it is more genuine.
 

TO BRIBE braɪb

24 May 2020

Verb

  • to give someone (e.g. a civil servant) money (usually illegally) in the hope that they will do something for you in exchange.
Example Sentences: My son didn't want to do his homework so I bribed him with a big bar of chocolate.
Today someone tried to bribe me to give him a loan with better conditions but I refused to do so and immediately reported her to the management of the bank.
 
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