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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. 

LETTER OF CREDIT  

06 Apr 2023

Noun

  • a letter from a bank that guarantees a payment to a specified person.
Example Sentence: The seller requires a letter of credit to secure payment.
 

INTELLECTUAL PROPERTY ɪntlˈɛktʃuəl prɒpərti

05 Apr 2023

Noun

  • something that somebody creates which has value, esp. music, art, text, etc.
Example Sentence: The designer claims that her intellectual property rights were infringed.
 

HEADHUNT hɛdˌhʌnt

04 Apr 2023

Noun

  • to search for the perfect person for a job and offer them a lot of money to do it.
Example Sentence: He was headhunted for the position.
 

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.
 

GET INTO DEBT  

02 Apr 2023

Phrase

  • to get into a situation in which you owe people money.
Example Sentence: It's easy to get into debt if you have a credit card.
 

GET DOWN TO BUSINESS  

01 Apr 2023

Phrase

  • start doing the thing that you intend to do.
Example Sentence: Let's get down to business! What is the first item on the agenda?
 

EQUITY ɛkwɪti

31 Mar 2023

Noun

  • the value of a company’s shares.
Example Sentence: This quarter produced a return on equity of 8.85%.
 

DIVISION dɪˈvɪʒən

30 Mar 2023

Noun

  • a part of an organisation.
Example Sentence: She heads the company's worldwide sales division.
 

DIVERSIFY dɪˈvɜrsəˌfaɪ

29 Mar 2023

Verb

  • to start providing more varied products or services.
Example Sentence: Farmers are being encouraged to diversify in order to survive.
 

DEPOSIT dɪˈpɒzɪt

28 Mar 2023

Noun

  • a large store of something natural deep underground, especially oil.
Example Sentence: Companies are searching for oil deposits under the Pacific Ocean.
 

CUT kʌt

27 Mar 2023

Verb

  • to reduce the amount or value of something.
Example Sentence: The company plans to cut 250 jobs from offices across the country.
 

CONSORTIUM kənˈsɔrʃiəm

26 Mar 2023

Noun

  • a group of companies that cooperate and share resources.
Example Sentence: The company is part of an international consortium.
 

COMMODITY kəˈmɒdɪti

25 Mar 2023

Noun

  • something that can be bought or sold, e.g. a resource or product.
Example Sentence: Primary commodities tend to be produced in poorer countries.
 

CHANGE HANDS tʃeɪndʒ hænds

24 Mar 2023

Verb

  • to pass to a different owner.
Example Sentence: The company changed hands for $150 million.
 

CASHFLOW kæʃ floʊ

23 Mar 2023

Noun

  • the amount of money moving through a company.
Example Sentence: Accountants can advise on systems for managing cashflow.
 
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