15 Useful Phrasal Verbs Commonly Used in the Financial And Banking Domain – Global-Learning.ro
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15 Useful Phrasal Verbs Commonly Used in the Financial And Banking Domain

1. Carry out: To perform or execute a financial transaction or activity.

Example: “We need to carry out a thorough audit of our financial statements before submitting the report.”

2. Settle up: To pay off a debt or balance.

Example: “Please settle up your outstanding credit card balance by the due date to avoid additional charges.”

3. Write off: To remove an asset or debt from a financial statement as a loss or non-recoverable.

Example: “The company had to write off a significant amount of bad debts due to customer defaults.”

4. Fill out: To complete or provide information on a form or document.

Example: “Please fill out this application form with your personal and financial details.”

5. Take out: To obtain a loan or insurance policy.

Example: “We plan to take out a business loan to fund our expansion project.”

6. Pay off: To fully repay a debt or loan.

Example: “They were able to pay off their mortgage early and become debt-free.”

7. Cash in: To convert an investment or asset into cash.

Example: “He decided to cash in his stocks and use the funds for a down payment on a house.”

8. Opt out: To choose not to participate in a financial or investment opportunity.

Example: “Employees have the option to opt out of the company’s pension plan if they prefer.”

9. Phase out: To gradually discontinue or reduce the availability of a product or service.

Example: “The bank has decided to phase out its outdated mobile banking app and introduce a new one.”

10. Put off: To delay or postpone a financial decision or activity.

Example: “The board meeting was put off until next week due to scheduling conflicts.”

11. Write down: To reduce the value of an asset or investment on a financial statement.

Example: “The company had to write down the value of its inventory due to obsolescence.”

12. Sell off: To sell assets or investments quickly, often in large quantities.

Example: “The company had to sell off some of its real estate holdings to improve its cash flow.”

13. Cash out: To convert an investment or asset into cash, often with the intention of exiting a position.

Example: “He decided to cash out his investment in the startup and pursue other opportunities.”

14. Run out of: To exhaust or deplete a resource, typically money or funds.

Example: “The business ran out of working capital and had to seek additional financing.”

15. Scale back: To reduce the size, scope, or magnitude of a financial project or initiative.

Example: “Due to budget constraints, the company had to scale back its marketing campaign.”

 

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15 Useful Phrasal Verbs Commonly Used in the Financial And Banking Domain