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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. 

FIT THE BILL  

03 Apr 2025

Phrase

  • to be just what is needed.
Example Sentence: The new machine should fit the bill for what we need to finish the job.
 

BANG FOR THE BUCK  

03 Mar 2025

Phrase

  • value for the money spent.
Example Sentence: We were able to get much bang for our buck when we advertised on the Internet.
 

BENEFICIARY bɛnəˈfɪʃiˌɛri

03 Feb 2025

Noun

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

A BALLPARK FIGURE bɔlˌpɑrk fɪgər

03 Jan 2025

Noun

  • an approximate number, a guesstimate.
Example Sentence: There were about 5 million people there, but it's just a ballpark figure.
 

UPMARKET ʌpˌmɑrkɪt

03 Dec 2024

Adjective

  • a product or service intended for people who can afford to buy or pay for expensive things.
Example Sentence: I really want to impress him so I've decided to take him somewhere really upmarket for breakfast; we might try the newly opened buffet near the parliament with golden teaspoons and a complimentary glass of champagne with everything.
 

FRANCHISEE fræntʃaɪˈzi

03 Nov 2024

Noun

  • a company or a person to whom franchise rights (of a product, service etc) are granted.
Example Sentence: The franchisor always provides the franchisee with a franchise operation manual to make sure that everything is explained properly.
 

TRADER treɪdər

03 Oct 2024

Noun

  • Investor who holds stocks and securities for a short time (minutes, hours or days) with the objective of making profit from short-term gains in the market.
Example Sentence: Traders need to choose just the right time to buy and sell shares. A minute's delay can cost them a lot of money.
 

THE BIG PICTURE  

03 Sep 2024

Phrase

  • The overall situation, e.g. when working on a small aspect of a project it is helpful to remember the project as a whole.
Example Sentence: John, you’re not looking at the big picture. We have to look at where we want to be in 12 months time, not focus on short-term goals.
 

TRADE FAIR /treɪd fɛər/

03 Aug 2024

Noun

  • A trade fair is a large gathering at which companies show and sell their products.
Example Sentence: Singapore is currently holding an international trade fair for the IT industry.
 

PAY BACK /peɪ bæk/

03 Jul 2024

Phrasal Verb

  • to return money owed to someone.
Example Sentence: Can you lend me $50? I'll pay you back tomorrow.
 

COARSE kɔrs

03 Jun 2024

adjective

  • If something is coarse, it is rude and offensive. Coarse can also be used to mean rough and not soft.
Example Sentences: My boss is always telling coarse jokes.
The sand is very coarse on this beach.
 

TO CLOSE A DEAL /tu; kloʊz eɪ dil/

03 May 2024

phrase

  • If you close a deal, you make a successful business arrangement with someone.
Example Sentences:We closed a deal with a major supermarket to supply them with Australian oranges.
I must close a few deals today; otherwise, I'm hardly going to make any commission this month.
 

LEDGER BALANCE /lej′ər bal′əns/

03 Apr 2024

phrase

  • The Ledger Balance is the balance in a bank account at the beginning of each day, also known as the current balance. It includes all deposits and withdrawals that were posted from the previous night, whether or not funds have been collected.
Example Sentences:Although my ledger balance looks quite healthy, my available balance is only $10. I have to wait a couple more days for those cheques to clear.
 

THEFT INSURANCE θɛft ɪnˈʃʊər əns

03 Mar 2024

Noun

  • 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!
 

RESERVED SEAT rɪˈzɜrvd sit

03 Feb 2024

Noun

  • A seat on a plane/train, etc booked and usually paid for in advance, in the name of the traveller.
Example Sentence: Sir, your reserved seat is at the end of the carriage on the left – seat number 34C.

 

 
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