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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. 

FOUNDED /faʊnd/

17 Aug 2024

Verb

  • started, set up, established a company or organisation
Example Sentences: She founded the company with a $10,000 bank loan
We were founded in 1981.
 

THE HIGH LIFE  

16 Aug 2024

Phrase

  • The high life is an exciting way of living in which rich and successful people enjoy themselves.
Example Sentences: After years of living the high life, I just want to settle down, have kids and live quietly.
 

LEGAL TENDER /ligəl tɛndər/

15 Aug 2024

Noun

  • Legal tender is the money which can be officially used in a country.
Example Sentences: A French person tried to pay using old British pound notes. I told him they weren't legal tender any more.
 

INVISIBLE EXPORTS /ɪnˈvɪzəbəl ɪkˈspɔrt/

14 Aug 2024

Noun

  • Services supplied to foreign countries such as banking and other financial services are called invisible exports
Example Sentences: Invisible exports now make up more than half of the United Kingdom's GDP
 

LUNCHEON VOUCHERS /lʌntʃən vaʊtʃər/

13 Aug 2024

Noun

  • Luncheon vouchers are given by employers to employees to buy meals in some restaurants.
Example Sentences: Selected workers would benefit from luncheon vouchers, free transportation to the construction site and accommodation on location.
 

PIECES OF EIGHT  

12 Aug 2024

Phrase

  • In the past, pieces of eight was the term used for gold coins. The Spanish created the term.
Example Sentences: Frank went searching for buried treasure off the coast of Florida; he found pieces of eight, the Spanish currency in the 1600s and 1700s.
 

SICK PAY /sɪk peɪ/

11 Aug 2024

Noun

  • Sick pay is money given by an employer to someone who cannot work because of illness.
Example Sentences: Surely your company won't give you indefinite sick pay; don't they specify a time limit?
 

SHARP-NOSED /ʃɑrp noʊz/

10 Aug 2024

Adjective

  • Someone who is sharp-nosed is good at dealing with money.
Example Sentences: David hasn't become rich by luck. He's a very sharp-nosed businessman.
 

THE GRAVY TRAIN  

09 Aug 2024

Phrase

  • The gravy train is a way of making money quickly, easily, and often dishonestly.
Example Sentences: With no end to the property boom in sight, speculators are continuing to ride the gravy train.
 

INFLATIONARY SPIRAL /ɪnˈfleɪʃəˌnɛri spaɪrəl/

08 Aug 2024

Noun

  • An inflationary spiral is when salaries and prices take turn to grow in short intervals.
Example Sentences: Recent rises in inflation are more likely to weaken consumer spending than lead to an inflationary spiral of higher salaries and prices.
 

REDUNDANCY PAYMENT /rɪˈdʌndənsi peɪmənt/

07 Aug 2024

Noun

  • A redundancy payment is what a company pays to workers who are no longer needed.
Example Sentences: How was your redundancy payment calculated?
After working for the company for 20 years, I received a very generous redundancy payment.
 

STANDING ORDER /stændɪŋ ɔrdər/

06 Aug 2024

Noun

  • A standing order is an instruction to a bank to pay some money at regular times to another bank account.
Example Sentence: The electricity company requires all its customers to settle their bills by standing order.
 

MERCHANT BANK /mɜrtʃənt bæŋk/

05 Aug 2024

Noun

  • A merchant bank is a bank involved with companies rather than with people.
Example Sentence: Agro National Bank is a merchant bank which specialises in lending to the farming industry.
 

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.
 

TRADE FAIR /treɪd fɛər/

03 Aug 2024

Noun

  • A trade fair is a large gathering at which companies show and sell their products.
Example Sentence: Singapore is currently holding an international trade fair for the IT industry.
 
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