Business Word/Phrase of the Day

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BANKER’S DRAFT bæŋkərs dræft

12 Jul 2020

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

11 Jul 2020

Verb

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

ALLIANCE əˈlaɪəns

10 Jul 2020

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  

09 Jul 2020

Phrasal Verb

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

ACQUISITION ækwəˈzɪʃən

08 Jul 2020

Noun

  • the activity when one company buys another one.
Example Sentence: Our company is planning to make acquisitions in the Far East for strategic reasons.
 

OFFHAND ɔfˈhænd

07 Jul 2020

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  

06 Jul 2020

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  

05 Jul 2020

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

04 Jul 2020

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  

03 Jul 2020

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

02 Jul 2020

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

01 Jul 2020

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

30 Jun 2020

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  

29 Jun 2020

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

28 Jun 2020

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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