Business Word/Phrase of the Day

Noun

• Services supplied to foreign countries such as banking and other financial services are called invisible exports

Noun

• Luncheon vouchers are given by employers to employees to buy meals in some restaurants.

Phrase

• In the past, pieces of eight was the term used for gold coins. The Spanish created the term.

Noun

• Sick pay is money given by an employer to someone who cannot work because of illness.

Adjective

• Someone who is sharp-nosed is good at dealing with money.

Phrase

• The gravy train is a way of making money quickly, easily, and often dishonestly.

Noun

• An inflationary spiral is when salaries and prices take turn to grow in short intervals.

Noun

• A redundancy payment is what a company pays to workers who are no longer needed.

Noun

• A standing order is an instruction to a bank to pay some money at regular times to another bank account.

Noun

• A merchant bank is a bank involved with companies rather than with people.

Noun

• Unemployment benefit is regularly paid by the government to people who do not have a job.

Noun

• A trade fair is a large gathering at which companies show and sell their products.

Noun

• A bank's interest rate is the amount that the bank charges on money that it lends you.

Noun

• The consumer price index is a measurement of the changes in the cost of basic goods and services.

Noun

• A nest egg is a sum of money that has been saved or kept for a special purpose.