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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 COME TO A HALT  

06 Dec 2024

Phrase

  • come to a stop in the process.
Example Sentence: The expansion of his company came to a halt when one of his employees embezzled a considerable
 

TO HAVE ONE’S FEET ON THE GROUND  

05 Dec 2024

Phrase

  • to be sensible.
Example Sentence: Despite his huge sudden success in business he manages to keep his feet on the ground.
 

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.
 

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.
 

TO OFFSET ɔfˌsɛt

02 Dec 2024

Verb

  • to compensate for something; to counterbalance.
Example Sentence: I'm afraid we will have to raise our prices in the restaurant in order to offset the increased cost of ingredients – vegetables are especially expensive this season.
 

TO SOAR sɔr

01 Dec 2024

Verb

  • (of an amount or value) – to rise very speedily.
Example Sentence: The number of really poor families has soared to record high levels.
 

GROSS PROFIT MARGIN groʊs prɒfɪt mɑrdʒɪn

30 Nov 2024

Noun

  • The difference between the selling price of a product or service and the cost of producing it, excluding taxation, salaries paid to employees, overheads (electricity, office rent etc).
Example Sentence: There were so many items I had to work with that in the end I made a mistake in calculating our gross profit margin.
 

OVERHEADS oʊvərˈhɛds

29 Nov 2024

Adjective

  • regular costs that a business must pay, such as electricity, salaries, etc.
Example Sentence: Internet companies have much lower overheads.
 

COLLATERAL kəˈlætərəl

28 Nov 2024

Noun

  • a car, a house or something valuable that you promise to give the lender if you cannot pay back the money you borrowed from them.
Example Sentence: I need $20.000 urgently. I can put my flat in London up as collateral – it must be worth 10 times as much as that.
 

TO CEMENT sɪˈmɛnt

27 Nov 2024

Verb

  • to make a business relationship stronger.
Example Sentence: After years of cooperation in different projects we cemented our relationship by signing the new contract.
 

TO BOUNCE BACK baʊns bæk

26 Nov 2024

Verb

  • to return to a higher level after suffering from difficulties for a while.
Example Sentence: The Chinese economy has already bounced back after the recession and now it's booming.
 

ACCELERATION ækˌsɛləˈreɪʃən

25 Nov 2024

Noun

  • (the rate of) speeding up.
Example Sentence: You can do a lot for the acceleration of your enterprise, e.g. you can invest more time into advertising yourself on community pages like Facebook.
 

AILING eɪlɪŋ

24 Nov 2024

Adjective

  • if the economy/a sector etc is ailing it is (relatively) weak and troubled.
Example Sentence: We are really lucky because we have severally financially ailing competitors, while our situation is relatively sound.
 

RELIABLE rɪˈlaɪəbəl

23 Nov 2024

Adjective

  • something or somebody that can be relied on and trusted.
Example Sentence: What we would like to do next is to design a highly reliable network and to gain competitive advantage over our rivals at last.
 

CREDIT LIMIT krɛdɪt lɪmɪt

22 Nov 2024

Noun

  • the maximum amount of money a financial institution e.g. a bank is willing to give someone.
Example Sentence: If your credit limit with your bank is too low, it's not the best solution to acquire credit cards from several different banks.
 
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