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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. 

TO GIVE SOMEONE A GOLDEN HANDSHAKE  

21 May 2024

phrase

  • If someone is given a golden handshake, usually a large payment is made to them when they leave their job, either when their employer has asked them to leave or when they are leaving at the end of their working life, as a reward for very long or good service in their job.
Example Sentences: Tim was forced to leave his job but he was given a very generous golden handshake.
He was given a golden handshake of US$1 million when he retired after working with the company for 40 years.
 

STAKEHOLDER /stāk′hōl′dər/

21 Apr 2024

noun

  • Person, group, or organization that has direct or indirect stake in an organization because it can affect or be affected by the organization's actions, objectives, and policies. Key stakeholders in a business organization include creditors, customers, directors, employees, government (and its agencies), owners (shareholders), suppliers, unions, and the community from which the business draws its resources.
Example Sentences:As one of the major stakeholders in the company, we have three representatives on the board of directors.
Who is the biggest stakeholder in this company?
 

COVER kʌvər

21 Mar 2024

Verb

  • 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.

 

 

BUSINESS CENTRE bɪznɪs sɛntə

21 Feb 2024

Noun

  • a room in a hotel where guests can use business facilities such as a computer, fax, printer, etc. for a fee.
Example Sentence: You send a fax from our business centre.

 

 

DEPARTURE dɪˈpɑrtʃər

21 Jan 2024

Noun

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

 

 

ADVENT ædvɛnt

21 Dec 2023

Noun

  • the arrival of something that has been waited for a long time.
Example Sentence: The advent of affordable electric vehicles will help the environment.
 

COLLABORATE kəˈlæbəˌreɪt

21 Nov 2023

Verb

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

PHASE feɪz

21 Oct 2023

Noun

  • a defined stage or part of a process.
Example Sentence: The next phase of the project will involve building a prototype.
 

VOLATILE vɒlətl

21 Sep 2023

Adjective

  • unstable; changing quickly, especially of markets.
Example Sentence: Oil markets are volatile because of the war.
 

MORALE məˈræl

21 Aug 2023

Noun

  • the general feelings of a group towards success.
Example Sentence: Morale amongst the staff dropped because of poor conditions.
 

CALL SOMETHING OFF  

21 Jul 2023

Phrasal Verb

  • to cancel an event.
Example Sentence: They called off the meeting as there wasn't a room available.
 

THINK UP θɪŋk ʌp

21 Jun 2023

Phrasal Verb

  • create idea.
Example Sentence: I really don't want to go tonight and I'm trying to think up an excuse.
 

CLEAR UP klɪər ʌp

21 May 2023

Phrasal Verb

  • tidy.
Example Sentence: They helped to clear up after the party.
 

REVAMP riˈvæmp

21 Apr 2023

Verb

  • to change something in order to make it better and more modern.
Example Sentence: The company plans to revamp all its outlets over the coming year.
 

BRANCH bræntʃ

21 Mar 2023

Noun

  • a local office or shop that is owned by a larger business.
Example Sentence: The bank has five branches in the city.
 
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