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. 

PARENT COMPANY pɛərənt kʌmpəni

05 Jan 2021

Noun

  • a company that owns control of one or more subsidiary companies.
Example Sentence: It is the parent company of several publishing firms.
 

OVERHEADS ˈoʊvərˈhɛds

04 Jan 2021

Noun

  • the costs you pay regularly when running your business, e.g. the cost of electricity, heating, phone bills etc.
Example Sentence: Since the new management laid off half of our workers our overheads have been an all-time low.
 

OUTLOOK aʊtˌlʊk

03 Jan 2021

Noun

  • how the future looks based on current predictions.
Example Sentence: The outlook for small firms has worsened in recent months.
 

ON SCHEDULE ɒn skɛdʒul

02 Jan 2021

Noun

  • on time, according to a plan .
Example Sentence: He says that the building project is still on schedule.
 

OBSTACLE ɒbstəkəl

01 Jan 2021

Noun

  • something which makes it difficult to do something or get somewhere.
Example Sentence: Companies say that corruption is still the biggest obstacle in the region.
 

MOGUL moʊgəl

31 Dec 2020

Noun

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

MINUTES mɪnɪts

30 Dec 2020

Noun

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

LEVERAGE lɛvərɪdʒ

29 Dec 2020

Noun

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

LETTER OF CREDIT  

28 Dec 2020

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

27 Dec 2020

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

26 Dec 2020

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  

25 Dec 2020

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  

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.
 

GET DOWN TO BUSINESS  

23 Dec 2020

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

22 Dec 2020

Noun

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

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