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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. 

CEILING silɪŋ

04 Jan 2025

Noun

  • the highest amount or limit that can be charged for a product or service; also, the maximum number or quantity of goods that can be produced.
Example Sentence: The government decided to intervene and place a price ceiling on certain products - the impact on consumer demand and production was dramatic.
 

BREAKEVEN breɪkˈivən

04 Dec 2024

Noun

  • the point at which a business operation can begin to make profit, and no longer loses money.
Example Sentence: I'm sure my husband's company will reach breakeven within a year.
 

ACQUISITION ækwəˈzɪʃən

04 Nov 2024

Noun

  • the activity when one company buys another one.
Example Sentence: Our company is planning to make acquisitions in the Far East for strategic reasons.
 

YIELD yild

04 Oct 2024

Noun

  • Return on investment shown as a percentage.
Example Sentence: On average last year I was getting a 7.7% yield on my property investments.
The company offered a 10% yield on its investment.
 

GARDEN LEAVE gɑrdn liv

04 Sep 2024

Phrase

  • Paid cooling off period, typically three months, that your contract stipulates you cannot work before starting a new job. This is used by financial firms, in particular, to prevent people walking straight into a new job with hot information.
Example Sentence: He quit and was offered a job by one of the main competitors. He’s on garden leave for a few months.
 

UNEMPLOYMENT BENEFIT /ʌnɛmˈplɔɪmənt bɛnəfɪt/

04 Aug 2024

Noun

  • Unemployment benefit is regularly paid by the government to people who do not have a job.
Example Sentence: Over 2 million people in the United Kingdom receive unemployment benefit.
 

PAY OFF peɪ ɒf

04 Jul 2024

Phrase

  • to succeed, to yield good results.
Example Sentence: I hope that our plans for the new business will pay off.
 

DRAFT drɑft

04 Jun 2024

noun

  • A draft is a piece of text, a formal suggestion or a drawing in its original state, often containing the main ideas and intentions but not the developed form.
Example Sentences: This is only a rough draft - the finished article will have pictures as well.
She asked me to check the (first) draft of her proposal.
 

TO CUT CORNERS /tu; kʌt kɔrnərs/

04 May 2024

phrase

  • To cut corners is to use faster and easier methods in return for lower quality products.
Example Sentences: My office decided that all employees should stop cutting corners, so now we must create all of our own documents.
The engineers had cut too many corners when they started saying paper was a good material for building commercial airlines.
 

COURSE kɔrs

04 May 2024

noun

  • Course has many meanings, but the most common meaning is a set of classes or a plan of study on a particular subject, usually resulting in an exam or qualification.
Example Sentences: Tim did a three-year course in linguistics at London University.
They're going away on a training course next week.
 

AVAILABLE BALANCE /ə vāl′ə bəl bal′əns/

04 Apr 2024

phrase

  • The available balance is the portion of a customer's bank account balance on which the bank has placed no restrictions, making it available for immediate withdrawals.
Example Sentences:Would you like to transfer all your available balance into your fixed deposit account, sir?
My available balance is the same as my ledger balance so those cheques must have cleared.
 

FIRE INSURANCE faɪər ɪnˈʃʊər əns

04 Mar 2024

Noun

  • 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.
 

AISLE SEAT aɪl sit

04 Feb 2024

Noun

  • An aisle seat is a seat next to the long corridor running down a plane/train, etc.
Example Sentence: I prefer an aisle seat on a plane so that I can easily go to the toilet.

 

 

COPYRIGHT INFRINGEMENT kɒpiˌraɪt ɪnˈfrɪndʒmənt

04 Jan 2024

Noun

  • the illegal production and sale of a product protected by law.
Example Sentence: The record company is suing the man for copyright infringement.
 

OUTLOOK aʊtˌlʊk

04 Dec 2023

Noun

  • how the future looks based on current predictions.
Example Sentence: The outlook for small firms has worsened in recent months.
 
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