Business Word/Phrase of the Day

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MOGUL moʊgəl

23 Nov 2018

Noun

  • a very wealthy or powerful person in business.
Example Sentence: He is described as the world’s most powerful media mogul.
 

MINUTES mɪnɪts

22 Nov 2018

Noun

  • the official notes taken in a meeting.
Example Sentence: The secretary took the minutes during the meeting.
 

LEVERAGE lɛvərɪdʒ

21 Nov 2018

Noun

  • the power to influence somebody's actions.
Example Sentence: Big companies have a lot of leverage over their business partners.
 

LETTER OF CREDIT  

20 Nov 2018

Noun

  • a letter from a bank that guarantees a payment to a specified person.
Example Sentence: The seller requires a letter of credit to secure payment.
 

INTELLECTUAL PROPERTY ɪntlˈɛktʃuəl prɒpərti

19 Nov 2018

Noun

  • something that somebody creates which has value, esp. music, art, text, etc.
Example Sentence: The designer claims that her intellectual property rights were infringed.
 

HEADHUNT hɛdˌhʌnt

18 Nov 2018

Noun

  • to search for the perfect person for a job and offer them a lot of money to do it.
Example Sentence: He was headhunted for the position.
 

HAND IN YOUR NOTICE  

17 Nov 2018

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.
 

GET INTO DEBT  

16 Nov 2018

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.
 

GET DOWN TO BUSINESS  

15 Nov 2018

Phrase

  • start doing the thing that you intend to do.
Example Sentence: Let's get down to business! What is the first item on the agenda?
 

EQUITY ɛkwɪti

14 Nov 2018

Noun

  • the value of a company’s shares.
Example Sentence: This quarter produced a return on equity of 8.85%.
 

DIVISION dɪˈvɪʒən

13 Nov 2018

Noun

  • a part of an organisation.
Example Sentence: She heads the company's worldwide sales division.
 

DIVERSIFY dɪˈvɜrsəˌfaɪ

12 Nov 2018

Verb

  • to start providing more varied products or services.
Example Sentence: Farmers are being encouraged to diversify in order to survive.
 

DEPOSIT dɪˈpɒzɪt

11 Nov 2018

Noun

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

CUT kʌt

10 Nov 2018

Verb

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

CONSORTIUM kənˈsɔrʃiəm

09 Nov 2018

Noun

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