Business Word/Phrase of the Day

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01 Apr 2013


  • go travelling usually on a small budget carrying all your possession in a backpack.
Example Sentence: Many students spend a year or two backpacking, through Asia or South America, after they complete their university study.



FESTIVAL fɛstəvəl

31 Mar 2013


  • a time of celebration or ceremony.
Example Sentence: The festival in Phuket will be celebrated in September this year.



ECOTOURISM ɛkoʊˈtʊərɪzəm

30 Mar 2013


  • environmentally friendly tourism, usually to a place of nature.
Example Sentence: We have a new ecotourism centre in our village where you can find out about our natural farming techniques.



ROUTE raʊt

29 Mar 2013


  • the way or the roads you travel to get to your destination.
Example Sentence: The route from the airport to our hotel takes in some stunning views of the ocean.



DEPARTURE dɪˈpɑrtʃər

28 Mar 2013


  • the act of leaving or going away.
Example Sentence: Departure time will be 3pm tomorrow. Please be packed and ready to leave!



DESTINATION dɛstəˈneɪʃən

27 Mar 2013


  • the place someone is travelling to.
Example Sentence: Our final destination today will be a restaurant on the beach for a sunset dinner.



ACCOMMODATION əˌkɒməˈdeɪʃən

26 Mar 2013


  • a place where people can live or sleep.
Example Sentence: We have not decided on our accommodation yet. We might stay with friends, in a hotel or maybe even rent a cottage!



ITINERARY aɪˈtɪnəˈrɛri

24 Mar 2013


  • the plan of your travel, the places you will visit on a trip.
Example Sentence: Your tour guide will plan the itinerary of your holiday for your visit to Scotland.



SIGHTSEE saɪtˌsi

23 Mar 2013


  • go and see interesting places and tourist attractions.
Example Sentence: Last year we went to London. We spent most of the trip sightseeing, there was so much to see!




22 Mar 2013


  • in an insurance contract, a person who is not the insurance company or the insured person, but who will receive money if they suffer loss or damage caused by the insured person.
Example Sentence: The policyholder is covered if they cause injury or damage to a third party.



INSURANCE AGENT ɪnˈʃʊərəns eɪdʒənt

21 Mar 2013


  • a person or company who gives advice about and sells insurance for an insurance company or number of insurance companies.
Example Sentence: A good insurance agent can be a very useful guide to the policies available.



POLICYHOLDER pɒləsiˌhoʊldər

20 Mar 2013


  • a person or group that has made an agreement with an insurance company that it will provide insurance against particular risks.
Example Sentence: The sickness cover pays out a lump sum if the policyholder is diagnosed as suffering from a serious illness.



COVER kʌvər

19 Mar 2013


  • protect someone or something against loss, damage, accident, etc., by insurance.
Example Sentence: The policy covers employee and public liability, equipment loss, materials, and personal accidents.



EXCESS ɛksɛs

18 Mar 2013


  • a part of the cost of an accident, injury, etc. that you agree to pay yourself when you buy insurance:
Example Sentence: Cover would cost £239 a year with a £75 excess, or £215 a year with a £250 excess.



INSURANCE ASSESSMENT nˈʃʊərəns əˈsɛsmən

17 Mar 2013


  • the analysis done by the insurer to determine the specific costs of a claim.
Example Sentence: The assessment of these expenses will take approximately 2 weeks.