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5 Phrasal Verbs for Business

  1. Step down = to give up a position or to resign

Example:

The marketing manager stepped down because of the low sales revenue.

  1. Put in ( we talk about an offer) = to come with an offer

Example:

Many companies are bidding, we should put in a good offer.

  1. Go under = to go bankrupt, having no money to pay the debts

Example: They went under because of the investment policy.

  1. Tied up = to be blocked

Example:

All the money are tied up in these assets, we can’t buy a van right now.

  1. Dip into (into a budget or into the savings) = to take a small amount from some savings or from a different budget

Example:

We still have a few payments to make, we need to dip into the holiday’s budget.