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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. 

COLLATERAL kəˈlætərəl

17 Aug 2022

Noun

  • a car, a house or something valuable that you promise to give the lender if you cannot pay back the money you borrowed from them.
Example Sentence: I need $20.000 urgently. I can put my flat in London up as collateral – it must be worth 10 times as much as that.
 

TO CEMENT sɪˈmɛnt

16 Aug 2022

Verb

  • to make a business relationship stronger.
Example Sentence: After years of cooperation in different projects we cemented our relationship by signing the new contract.
 

TO BOUNCE BACK baʊns bæk

15 Aug 2022

Verb

  • to return to a higher level after suffering from difficulties for a while.
Example Sentence: The Chinese economy has already bounced back after the recession and now it's booming.
 

ACCELERATION ækˌsɛləˈreɪʃən

14 Aug 2022

Noun

  • (the rate of) speeding up.
Example Sentence: You can do a lot for the acceleration of your enterprise, e.g. you can invest more time into advertising yourself on community pages like Facebook.
 

AILING eɪlɪŋ

13 Aug 2022

Adjective

  • if the economy/a sector etc is ailing it is (relatively) weak and troubled.
Example Sentence: We are really lucky because we have severally financially ailing competitors, while our situation is relatively sound.
 

RELIABLE rɪˈlaɪəbəl

12 Aug 2022

Adjective

  • something or somebody that can be relied on and trusted.
Example Sentence: What we would like to do next is to design a highly reliable network and to gain competitive advantage over our rivals at last.
 

CREDIT LIMIT krɛdɪt lɪmɪt

11 Aug 2022

Noun

  • the maximum amount of money a financial institution e.g. a bank is willing to give someone.
Example Sentence: If your credit limit with your bank is too low, it's not the best solution to acquire credit cards from several different banks.
 

TO DISCONTINUE dɪskənˈtɪnyu

09 Aug 2022

Verb

  • to stop doing something e.g. production of a product.
Example Sentence: The company decided to discontinue operations last month because the factory was making losses.
 

RETAIL CHAIN riteɪl tʃeɪn

08 Aug 2022

Noun

  • a number of similar shops or stores that sell products to the public.
Example Sentence: We have only one retail chain in our town. I've never liked them – the choice of dairy products on offer is really poor. I think some competition would do them good.
 

TO FACILITATE fəˈsɪlɪˌteɪt

07 Aug 2022

Verb

  • to make an activity, a process etc easier to happen.
Example Sentence: Do you think a new marketing campaign would facilitate increasing sales?
 

TO INFRINGE ɪnˈfrɪndʒ

06 Aug 2022

Verb

  • to violate/break a law, rule or regulation.
Example Sentence: If you infringe copyright regulations, you can expect a heavy fine.
 

FRAUD frɔd

05 Aug 2022

Noun

  • the act cheating somebody with the purpose of getting something (products, money etc) illegally.
Example Sentence: He was involved in a one billion dollar fraud.
 

BRICKS AND MORTAR brɪkənˈmɔrtər

04 Aug 2022

Adjective

  • describing a business where customers can go when they want to buy something, as opposed to purely internet-based businesses.
Example Sentence: Operating a purely bricks-and-mortar business has several advantages, e.g. you don't have to pay the usual overheads like gas and heating.
 

FIERCE fɪərs

03 Aug 2022

Adjective

  • aggressive, violent OR extremely active.
Example Sentences: He became unexpectedly fierce when he was informed he was going to be dismissed.
There has always been fierce competition between our companies, but in our private lives we are best of friends.
 

BRAINSTORM breɪnˌstɔrm

02 Aug 2022

Verb

  • to think together as a team, often in order to come up with a solution to a particular problem.
Example Sentence: Although we have been brainstorming for weeks, we haven't been able to find a good way of getting ahead of our competitors so far – we might need to invite an expert to help.
 
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