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Posts tagged Business English
Word of the Day
Feb 3rd
Bank Levy – noun phrase – A procedure to recover money owed by someone forcefully by taking it from their checking or savings account at a bank, savings and loan, or credit union.
e.g.: If there are receivables and payment is long overdue, a bank levy may be adhered to, and the account is frozen until due amounts are settled.
Word of the Day
Feb 1st
Bid-asked spread – noun phrase – The difference between the bid and asked prices. Can be used with regard to tendering, public procurement, contract awarding etc. Also used in stock trading.
e.g. “Real estate market is facing a bid-asked spread which is blocking any development project.”
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