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Financial Phrasal Verbs
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Bring In:
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Meaning: To generate income or revenue.
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Example Sentence: "The new marketing strategy is expected to bring in more customers and, consequently, higher profits."
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Cash In:
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Meaning: To convert an asset into cash.
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Example Sentence: "Investors decided to cash in their stocks as the market reached record highs."
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Draw Up:
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Meaning: To create or formulate a plan, contract, or document.
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Example Sentence: "The finance team will draw up a budget for the upcoming fiscal year."
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Face Up To:
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Meaning: To acknowledge and deal with a difficult or unpleasant situation.
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Example Sentence: "It's time for the company to face up to its financial challenges and implement necessary changes."
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Go Under:
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Meaning: To fail financially or go bankrupt.
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Example Sentence: "Several small businesses went under during the economic recession."
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Hold On To:
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Meaning: To retain or keep possession of something.
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Example Sentence: "Investors are advised to hold on to quality stocks even during market fluctuations."
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Knock Down:
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Meaning: To reduce the price or value of something.
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Example Sentence: "The seller agreed to knock down the price of the property to close the deal."
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Lay Off:
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Meaning: To terminate employees as a cost-cutting measure.
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Example Sentence: "The company had to lay off workers due to a decline in profits."
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Pay Off:
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Meaning: To repay a debt or achieve a positive result.
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Example Sentence: "Investing in education can pay off in the form of increased job opportunities and higher earning potential."
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Rack Up:
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Meaning: To accumulate or amass a large amount of something.
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Example Sentence: "The company managed to rack up impressive sales figures in the first quarter."
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Set Aside:
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Meaning: To reserve or allocate a specific amount for a particular purpose.
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Example Sentence: "It's wise to set aside some savings for unexpected expenses or emergencies."
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Take Over:
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Meaning: To acquire control or ownership of a company.
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Example Sentence: "The larger corporation decided to take over the struggling startup to expand its market presence."
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Undercut:
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Meaning: To sell goods or services at a lower price than a competitor.
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Example Sentence: "The new entrant undercut competitors' prices, attracting budget-conscious consumers."
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Write Off:
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Meaning: To declare a financial loss or remove an asset from the accounting books.
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Example Sentence: "The company had to write off bad debts, impacting its overall financial performance."
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