Business Word/Phrase of the Day

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ON SCHEDULE ɒn skɛdʒul

17 Jul 2019


  • on time, according to a plan.
Example Sentence: He says that the building project is still on schedule.

MOGUL moʊgəl

16 Jul 2019


  • a very wealthy or powerful person in business.
Example Sentence: He is described as the world’s most powerful media mogul.

LEVERAGE lɛvərɪdʒ

15 Jul 2019


  • the power to influence somebody's actions.
Example Sentence: Big companies have a lot of leverage over their business partners.

LETTER OF CREDIT /ˈbɛt ər ʌv ˈkrɛd ɪt/

14 Jul 2019


  • A Letter of Credit or L/C is a binding document that a buyer can request from his bank in order to guarantee that the payment for goods will be transferred to the seller. Basically, a letter of credit gives the seller reassurance that he will receive the payment for the goods. In order for the payment to occur, the seller has to present the bank with the necessary shipping documents confirming the delivery of goods within a given time frame. It is often used in international trade to eliminate risks such as unfamiliarity with the foreign country, customs, or political instability.
Example Sentences:We never release a shipment until a letter of credit has been issued.
The buyer applies to the bank for a letter of credit to be issued.

INTELLECTUAL PROPERTY ɪntlˈɛktʃuəl prɒpərti

13 Jul 2019


  • something that somebody creates which has value, esp. music, art, text, etc.
Example Sentence: The designer claims that her intellectual property rights were infringed.


12 Jul 2019


  • an aggressive attempt by a company to buy control of another company.
Example Sentence: Their French rival has launched a hostile takeover bid.

HARD-SELL hɑrd sɛl

11 Jul 2019


  • (of selling or advertising) aggressive and forceful.
Example Sentence: He tried to defend the hard-sell tactics used to entice customers.


10 Jul 2019


  • to officially tell your company that you are leaving the job.
Example Sentence: He handed in his notice when he heard that he had got the new job.


09 Jul 2019


  • start doing the thing that you intend to do.
Example Sentence: Let's get down to business! What is the first item on the agenda?

DIVISION dɪˈvɪʒən

08 Jul 2019


  • a part of an organisation.
Example Sentence: She heads the company's worldwide sales division.

DIVERSIFY dɪˈvɜrsəˌfaɪ

07 Jul 2019


  • to start providing more varied products or services.
Example Sentence: Farmers are being encouraged to diversify in order to survive.

COMMODITY kəˈmɒdɪti

06 Jul 2019


  • something that can be bought or sold e.g. a resource or product.
Example Sentence: Primary commodities tend to be produced in poorer countries.

COLLABORATE kəˈlæbəˌreɪt

05 Jul 2019


  • to work with somebody on a project or task.
Example Sentence: The two companies will collaborate to develop, produce and sell computers.

CHANGE HANDS tʃeɪndʒ hænds

04 Jul 2019


  • to pass to a different owner.
Example Sentence: The company changed hands for $150 million.

CASHFLOW kæʃfloh

03 Jul 2019


  • the amount of money moving through a company.
Example Sentence: Accountants can advise on systems for managing cashflow.