Business Word/Phrase of the Day

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COMMUTE kəˈmyut

10 Mar 2019

Verb

  • to travel to and from a city every day for work.
Example Sentence: I commute to work by train, a round-trip distance of 40 miles.
 

COMMISSION kəˈmɪʃən

09 Mar 2019

Noun

  • money which is paid when somebody achieves certain targets.
Example Sentence: The salary is average but they can earn commission on top.
 

COHERENT koʊˈhɪərənt

08 Mar 2019

Adjective

  • well-organised (typically used to describe a text or speech)
Example Sentence: He gave a coherent argument for making all drugs legal.
 

CLASSIC BRAND klæsɪk brænd

07 Mar 2019

Noun

  • a brand that many people have known for a long time.
Example Sentence: Coca Cola is the best known classic brand.
 

CHECKOUT tʃɛkˌaʊt

06 Mar 2019

Noun

  • the place in a shop or supermarket where you pay.
Example Sentence: When he went to the checkout he realised he had no money.
 

CALL SOMETHING OFF  

05 Mar 2019

Phrasal Verb

  • to cancel an event.
Example Sentence: They called off the meeting as there wasn't a room available.
 

BRISK brɪsk

04 Mar 2019

Verb

  • quick and lively.
Example Sentence: Business has been brisk this morning; we've sold 500 units already.
 

BOOST bust

03 Mar 2019

Verb

  • to give extra energy or increase something, such as sales.
Example Sentence: They're hoping that the new ad campaign will boost sales.
 

BOOM bum

02 Mar 2019

Verb

  • a period of economic improvement and increased consumption.
Example Sentence: There was a boom in the 1980s in the UK.
 

BILL OF LADING  

01 Mar 2019

Noun

  • a receipt from a carrier confirming that the goods have been received.
Example Sentence: States may require freight carriers to provide their bill of lading.
 

BENEFICIARY ˌbɛnəˈfɪʃiˌɛri

28 Feb 2019

Noun

  • the person who will receive something.
Example Sentence: I was the sole beneficiary in my father's will.
 

BANKER’S DRAFT bæŋkərs dræft

27 Feb 2019

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

26 Feb 2019

Verb

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

ALLIANCE əˈlaɪəns

25 Feb 2019

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.
 

ACQUISITION ækwəˈzɪʃən

24 Feb 2019

Noun

  • the process of getting or buying something, especially another business
Example Sentence: The company will pay $210 million in cash to complete the acquisition.
 
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