Business Word/Phrase of the Day

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TO CASH A CHEQUE  

22 Dec 2019

Verb

  • to exchange a paper cheque for money.
Example Sentence: Ms Jones cashed a cheque she had received from selling her investments.
 

TO ENDORSE A CHEQUE  

21 Dec 2019

Verb

  • to sign the cheque on the back.
Example Sentence: She endorsed the back of the cheque in order to cash it.
 

A TELLER /tɛlər/

20 Dec 2019

Noun

  • the person in the bank who takes deposits and withdrawals inside the bank.
Example Sentence: Several tellers were busy helping bank customers in the lobby.
 

TO WITHDRAW /wɪðˈdrɔ/

19 Dec 2019

Verb

  • to take money out of an account. Also, withdrawal is the noun form.
Example Sentences: He withdrew enough money to pay off his loan.
Ms. Lowell made a withdrawal of $175.
 

TO DEPOSIT /dɪˈpɒzɪt/

18 Dec 2019

Verb

  • to put money in a bank. Also, deposit is the noun form.
Example Sentence: Mr Sims opened his account with a deposit of $2,000 and his wife deposited $500.
 

TO AUTHORIZE /ɔθəˌraɪz/

17 Dec 2019

Verb

  • to permit.
Example Sentence: By signing his name, he authorized the bank to take money out of his account.
 

A SIGNATURE /sɪgnətʃər/

16 Dec 2019

Noun

  • your name, written by hand. "To sign" means to write your name.
Example Sentence: His signature was required to open an account.
 

A TRANSACTION /trænˈsækʃən/

15 Dec 2019

Noun

  • a business action such as putting money into an account or taking it out.
Example Sentence: There have been several transactions on the account since last month.
 

BREAK INTO /breɪk ɪntʊ/

14 Dec 2019

Phrasal Verb

  • to start to use money that you have saved.
Example Sentence: I broke into my savings to buy a beautiful diamond engagement ring for my girlfriend.
 

DIP INTO /dɪp ɪntʊ/

13 Dec 2019

Phrasal Verb

  • to spend part of your saved money.
Example Sentence: I've had to dip into my savings to pay for the repairs to the apartment.
 

PUT ASIDE /pʊt əˈsaɪd/

12 Dec 2019

Phrasal Verb

  • to save money for a specific purpose.
Example Sentence: I put aside a little every month for a deposit on a house.
 

SAVE UP /seɪv ʌp/

11 Dec 2019

Phrasal Verb

  • to keep money for a large expense in the future.
Example Sentence: It took me ages to save up enough money to go travelling.
 

PAY OFF peɪ ɒf

10 Dec 2019

Phrase

  • to succeed, to yield good results.
Example Sentence: I hope that our plans for the new business will pay off.
 

PAY BACK /peɪ bæk/

09 Dec 2019

Phrasal Verb

  • to return money owed to someone.
Example Sentence: Can you lend me $50? I'll pay you back tomorrow.
 

TIDE OVER /taɪd oʊvər/

08 Dec 2019

Phrasal Verb

  • to help someone with money for a period of time until they have enough.
Example Sentence: Can you lend me some money to tide me over till the weekend?
 
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