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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. 

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.

 

 

COPYCAT kɒpiˌkæt

03 Jan 2024

Noun

  • something which is an intentional imitation/copy of something else.
Example Sentence: Following their success, there are many more copycats appearing.
 

ON SCHEDULE ɒn skɛdʒul

03 Dec 2023

Phrase

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

AUDIT ɔdɪt

03 Nov 2023

Noun

  • an investigation of a company's finances to make sure they are correct.
Example Sentence: They are carrying out the annual audit.
 

DISMISS dɪsˈmɪs

03 Oct 2023

Verb

  • to end somebody's term of employment because they did something bad (syn: sack, fire)
Example Sentence: He was dismissed for being rude to a customer.
 

REDUNDANT rɪˈdʌndənt

03 Sep 2023

Adjective

  • not working, especially of a worker or factory.
Example Sentence: 500 workers were made redundant because of rising costs.
 

DESPATCH dɪˈspætʃ

03 Aug 2023

Verb

  • to send something (especially a business delivery)
Example Sentence: We will despatch the goods when the payment is received.
 

DRAG ON dræg ɒn

03 Jul 2023

Phrasal Verb

  • continue for a long time.
Example Sentence: The meeting really dragged on. I thought I was going to fall asleep!
 

LOOK INTO lʊk ɪntu

03 Jun 2023

Phrasal Verb

  • investigate.
Example Sentence: Police are reported to be looking into the case.
 

TURNAROUND tɜrnəˌraʊnd

03 May 2023

Noun

  • an improvement following poor performance.
Example Sentence: The impressive sales figures are a dramatic turnaround for the company.
 

HAND IN YOUR NOTICE  

03 Apr 2023

Phrase

  • 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.
 

TAKE A PAY CUT  

03 Mar 2023

Phrase

  • to accept a decrease in one's salary.
Example Sentence: The telephone workers were forced to take a pay cut after the strike.
 

OUT OF THE LOOP  

03 Feb 2023

Phrase

  • to not be involved or taking part in a job.
Example Sentence: I was out of the loop during the negotiations and did not know what was going on.
 
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