Monday, May 21, 2012

12 Essential (American) Business Idioms in CONTEXT

1. across the board: everywhere, everyone
“Yahoo layoffs will be "across the board," a source briefed on new Yahoo CEO Scott Thompson's cost-cutting plans tells us.”



2. ball park figure: rough estimate
“Going on the available evidence from our own solar system - and there's no obvious reason to assume it is unusual - you might plump for a ratio of 1:8. That would give you a ballpark figure of some 800 billion planets in the Milky Way, and something like 100 billion times that for the entire Universe.”
*ball park=baseball stadium (American idiom)



3. best bang for the buck: best value for the money
“But its affordability and convenience (it ranks No. 7 on the home price index, and No. 10 for travel time to work) and the fact that it's set to bounce back in three years, according to Moody's, gets you more bang for the buck than you might expect from a Florida metro.”
buck=$1 (American idiom)

4. budget squeeze/crunch: budget cuts
“We are experiencing a severe budget squeeze, and there’s really no way for us to continue,” Irvine said.  Two classes already have been cut from the upcoming fall schedule, and officials are considering five other courses for elimination in spring 2013, Irvine said.”

5. bean counter: accountant (somewhat pejorative…be careful!)
“Ghanaian goes from bean counter to money magician Keli Gadzekpo--Ghana's Keli Gadzekpo was part of the duo that set up Databank, one of West Africa's most successful financial enterprises, in 1990.”

6. crunch numbers/run the numbers: calculate
“When she crunched the numbers, she found that the business's profits were actually much lower than the company had said.”

7. face value: actual value
“Going through the StubHub marketplace with the seller, the IBTimes learned that the average ticket price for a sold ticket is $3,450, which is about triple the face value of $800 -- $1,200 per ticket.”

8. in the long run: in the long-term future
“INVESTMENT VIEW: IN THE LONG RUN, STOCK-PICKERS ARE NOT ALL THAT GOOD.”

9. kickback: bribe
“The state attorney general has charged him with setting up a system of kickbacks to gain influence with pension fund executives.”

10. take a nosedive: sharply decrease, suddenly drop
“Sales of celebrity memoirs take a nosedive.”

11. sweetheart deal: mutually beneficial agreement between friends at expense of others, sometimes illegal
“'SWEETHEART DEALS' COULD COST U.S. COMPANIES $80 BILLION A YEAR. "SWEETHEARTING," LIKE "FORGETTING" TO CHARGE A PAL OR COMPING DRINKS, HURTS BIG TIME, STUDY FINDS.”
*comping=comes from the word complimentary, meaning free or “on the house”

12. write-off: expenses related to business that reduce taxable income, decreased value of an asset
“A home business offers plenty of tax write-offs that you wouldn't get in any other location.”



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