Business Word/Phrase of the Day

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CLAIM kleɪm

05 Feb 2013



  • the filing of an accident, natural disaster or death in order to get money from insurance company.
Example Sentence: Have you filed a claim yet for that car accident?



ANNUAL PREMIUM ænyuəl primiəm

04 Feb 2013



  • the cost of the insurance paid every year.
Example Sentence: The annual premium is paid on the first of March.



QUARTERLY PREMIUM kwɔrtərli primiəm

03 Feb 2013



  • the cost of the insurance, paid every 3 months.
Example Sentence: The quarterly premium is the annual premium divided by four.



PREMIUM primiəm

02 Feb 2013



  • an amount to be paid for an insurance policy.
Example Sentence: My auto insurance premium increased by 25% this year because I had to make a claim last year.



FIRE INSURANCE faɪər ɪnˈʃʊər əns

01 Feb 2013


  • insurance which covers a home in case of fire.
Example Sentence: Fire insurance premiums are generally higher if you live in an old house or apartment building.

THEFT INSURANCE θɛft ɪnˈʃʊər əns

31 Jan 2013


  • insurance which covers a home in case it is robbed or broken into by a thief.
Example Sentence: My computer and flat screen tv were both stolen and since I didn’t have theft insurance, I had to replace them both!

HOMEOWNERS INSURANCE hoʊmˌoʊ nərs ɪnˈʃʊər əns

30 Jan 2013


  • insurance which covers a person’s home in case of fire, flood, earthquakes, hurricanes, theft, etc.
Example Sentence: After the typhoon last year, I was so glad that I had opened a homeowners insurance policy!

LIFE INSURANCE laɪf ɪnˈʃʊər əns

29 Jan 2013


  • insurance which pays family members when the person insured dies; usually pays more if the person dies by accident.
Example Sentence: I am thinking about getting life insurance to protect my family in case of an accident.

AUTO INSURANCE ɔ toʊ ɪnˈʃʊər əns

28 Jan 2013


  • insurance which covers automobile accidents, including medical costs and damage to automobile and property.
Example Sentence: Because of an accident last year, my auto insurance premiums have doubled.

JOB INTERVIEW /dʒɒb ˈɪn.tə.vjuː/

05 Sep 2012

noun phrase

  • a meeting in which someone asks you questions to see if you are suitable for a job
Example Sentences:I had an interview for a job with a publishing company.
The interview didn’t go very well. I doubt I’ll get the job.


04 Sep 2012


  • someone who works in offices, doing work that needs mental rather than physical effort
Example Sentences:Cambridge has a lot of high-tech industries employing mostly white-collar workers.
White-collar workers tend to earn considerably more than blue-collar workers.


03 Sep 2012


  • someone who does work needing strength or physical skill rather than office work
Example Sentences:Pittsburg is a steel town, mainly populated by blue-collar workers.
Blue-collar workers tend to earn much less than skilled professionals.

TEMPORARY WORKER /ˈtem.pər.ər.i ˈwɜː.kər/

02 Sep 2012


  • Employee who is not permanently hired but hired just for a limited period of time
Example Sentences:During the peak season, the hotel employs a number of temporary workers.
As a temporary worker, I’m not entitled to the same benefits as the permanent workers.

PERFORMANCE APPRAISAL /pəˈfɔː.mənt s əˈpreɪ.zəl/

01 Sep 2012

noun phrase

  • when an employee meets with their manager or employer to discuss their progress, aims and needs at work
Example Sentences:I’m really worried about my performance appraisal tomorrow.
My performance appraisal was much better than I expected.

JOB DESCRIPTION /dʒɒb dɪˈskrɪp.ʃən/

31 Aug 2012


  • a list of the responsibilities which you have and the duties which you are expected to perform in your work
Example Sentences:Have you finished writing the job description for this new position?
According to my job description, I’m not responsible for old accounts.