Business Word/Phrase of the Day

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LEDGER BALANCE /lej′ər bal′əns/

08 Sep 2019


  • The Ledger Balance is the balance in a bank account at the beginning of each day, also known as the current balance. It includes all deposits and withdrawals that were posted from the previous night, whether or not funds have been collected.
Example Sentences:Although my ledger balance looks quite healthy, my available balance is only $10. I have to wait a couple more days for those cheques to clear.

GO BANKRUPT /goʊ baŋkrupt/

07 Sep 2019


  • If a person or company goes bankrupt, they are unable to pay what you owe, and have control of your financial matters given, by a court of law, to a person who sells your property to pay your debts.
Example Sentences:He went bankrupt after only a year in business.
The recession has led to many small businesses going bankrupt.

INSOLVENT ɪnˈsɒlvənt

06 Sep 2019


  • unable to pay debts.
Example Sentence: In order to avoid becoming insolvent he decided to open a savings account.

INSUFFICIENT FUNDS /ɪnsəˈfɪʃənt fʌnd/

05 Sep 2019


  • not enough money in an account.
Example Sentences: The cheque was returned because of insufficient funds.


04 Sep 2019


  • 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.

INVESTMENT BANKING /ɪnˈvɛst mənt ˈbæŋ kɪŋ/

03 Sep 2019


  • Investment Banking is a division of banking which includes business entities dealing with creation of capital for other companies. In addition to acting as agents or underwriters for companies in the process of issuing securities, investment banks also advise companies on matters related to the issue and placement of stock.
Example Sentences:What percentage of HSBC’s profits come from its investment banking division?
The bank’s investment banking division performed poorly last year due to the stock market crashes in South America.

LAUNDERED MONEY /ˈlɔn dərɜrd ˈmʌn i/

02 Sep 2019


  • Laundered Money are funds sent through numerous bank accounts one after another in an attempt to hide the source of the money.
Example Sentences:The government has taken precautions to ensure that laundered money does not enter the country unnoticed.
All banks now have to inform the authorities if they suspect laundered money.

LOAN /loʊn/

30 Aug 2019

noun or verb

  • A loan is a written or oral agreement for a temporary transfer of a property (usually cash) from its owner (the lender) to a borrower who promises to return it according to the terms of the agreement, usually with interest for its use.
  • If you loan something, such as money, to someone, you lend it to them. You expect them to return it later to you.
Example Sentences:The bank gave me a loan of $3,000.
Can you loan me $10?

FLIGHT OF CAPITAL flaɪt ʌv kæpɪtl

29 Aug 2019


  • large-scale withdrawal of investment from a country.
Example Sentence: The recent flight of capital was caused by political unrest.

FLAT MARKET flæt mɑrkɪt

28 Aug 2019


  • a market that is characterised by little activity.
Example Sentence: The sale of sewing machines is a flat market with few surprises.

FACE-TO-FACE feɪs tu feɪs

27 Aug 2019


  • in the same place, especially of meetings.
Example Sentence: We had our first face-to-face meeting on Wednesday.

EXTENSIVE ɪkˈstɛnsɪv

26 Aug 2019


  • covering a large area or range.
Example Sentence: They carried out extensive market research before the launch.

EXCEED ɪkˈsid

25 Aug 2019


  • to go beyond a certain number or point.
Example Sentence: Costs will exceed last year's projections if we do not act soon.

EXCLUSIVE ɪkˈsklusɪv

24 Aug 2019


  • not shared with others; only for a certain group.
Example Sentence: They have the exclusive right to sell the product in Japan.


23 Aug 2019


  • the most important part of an idea, a system etc.
Example Sentence: The essence of her message was that costs must be reduced.