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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. 

BANKER’S DRAFT bæŋkərs dræft

02 Feb 2025

Noun

  • a written promise from a bank to pay money, especially to another bank.
Example Sentence: We require a banker's draft to secure the deal.
 

APPOINT əˈpɔɪnt

01 Feb 2025

Verb

  • to officially give somebody a job, task or responsibility.
Example Sentence: He was appointed as head of the investigation.
 

ALLIANCE əˈlaɪəns

31 Jan 2025

Noun

  • a group which is held together by an agreement, especially political or military.
Example Sentence: The UK and US formed a military alliance in Iraq.
 

SUM SOMETHING UP  

30 Jan 2025

Phrasal Verb

  • to summarise something; to outline the main points.
Example Sentence: Can we sum up what was said in the meeting.
 

ACQUISITION ækwəˈzɪʃən

29 Jan 2025

Noun

  • the process of getting or buying something, especially another business
Example Sentence: The company will pay $210 million in cash to complete the acquisition.
 

OFFHAND ɔfˈhænd

28 Jan 2025

Adverb

  • without preparation and without thinking about something.
Example Sentence: He couldn't tell me offhand whether the item in question is tradeable or not. He promised to check the details and then get back to me.
 

ANNUAL GENERAL MEETING  

27 Jan 2025

Noun

  • one of the most important meetings of the shareholders of a company or the members of an organization, where they discuss results of the past year, make decisions about future plans, discuss budget etc.
Example Sentence: I hope they will accept my report at the AGM next week – I've been working on it for quite a while and it may have an effect on my promotion prospects.
 

TO SOW THE SEEDS  

26 Jan 2025

Phrase

  • to start a process etc that is going to have a certain result.
Example Sentence: Capital inflows could sow the seeds of a new renaissance.
 

TO CEDE sid

25 Jan 2025

Verb

  • to give rights, some land, an area, a part of something to another person/company/country etc, usually unwillingly.
Example Sentence: In 1664 New Amsterdam was ceded to the British.
 

TO STICK TO THE POINT  

24 Jan 2025

Phrase

  • to continue with a topic without changing it or digressing from it.
Example Sentence: Could you please stick to the point? We've been listening to you for long minutes now and you still haven't explained your real reasons.
 

FORECAST fɔrˌkæst

23 Jan 2025

Noun

  • prediction; a statement concerning the future of something (e.g. a market segment, a product, exchange rates).
Example Sentence: The agency issued a gloomy forecast about the future of the sector.
 

TO REVIVE rɪˈvaɪv

22 Jan 2025

Verb

  • to make something strong and healthy again after a difficult period.
Example Sentence: Policy makers have been struggling to revive the economy and experts say the right measures have been introduced to this end.
 

TO LUBRICATE lubrɪˌkeɪt

21 Jan 2025

Verb

  • to make something run/operate more smoothly.
Example Sentence: The government intended to lubricate the financial wheels with the help of a series of measures.
 

TO LOSE OUT TO  

20 Jan 2025

Phrasal Verb

  • to not get a deal/business because a competitor has offered better conditions/lower prices etc and thus got it
Example Sentence: Artists of the music and film industry are losing out to piracy so it's a question of life and death to work out ways in which to get back at least some of the revenues.
 

TO QUADRUPLE kwɒˈdrupəl

19 Jan 2025

Verb

  • to become four times bigger.
Example Sentence: Sales of this particular product have quadrupled in the past 2 months owing to the especially successful marketing campaign.
 
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