Advanced General IELTS Words for "Shopping"

futures contract

noun

/fjˈuːtʃɚz kˈɑːntɹækt/

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an agreement to buy or sell goods or assets at a predetermined price but delivered and paid for at a later time

Example

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Farmers often use a futures contract to lock in a price for their crops ahead of the harvest, protecting themselves against price fluctuations in the market.

An airline company might enter into a futures contract to purchase jet fuel at a fixed price, helping to manage costs and budget more accurately.

Grammatical Information:

compound noun

deal-of-the-day

noun

/dˈiːlʌvðədˈeɪ/

a limited-time discount or promotion that allows merchants to sell a large number of products at a significant discount

Grammatical Information:

compound noun

merchant

noun

m

e

ɜ

r

ch

ʧ

a

ə

n

t

someone who buys and sells goods wholesale

markup

noun

m

a

ɑ

r

k

u

ə

p

the amount added to the price of something to cover overheads and profit

BOGOF

noun

/bˈɑːɡɑːf/

a sales promotion where customers receive an additional product at no extra cost when purchasing one

Grammatical Information:

compound noun

knockoff

noun

k

n

o

ɑ

ck

k

o

ɔ

ff

f

a less expensive and unauthorized copy of something popular

loyalty card

noun

/lˈɔɪəlɾi kˈɑːɹd/

a card given by a business to customers as a reward for their repeat purchases, which can be used to earn discounts on future purchases

Grammatical Information:

compound noun

layaway

noun

l

a

e

y

ɪ

a

ə

w

a

e

y

ɪ

a purchasing contract by which a retailer agrees to hold merchandise secured by a deposit until the price is paid in full by the customer

token

noun

t

o

oʊ

k

e

ə

n

a piece of paper or a disc of metal or plastic used instead of money as a form of payment or to operate some machines

best-before date

noun

/bˈɛstbɪfˌoːɹ dˈeɪt/

the date until which a product is expected to remain at its optimal quality, but it may still be consumed after this date

Grammatical Information:

compound noun

cash and carry

noun

/kˈæʃ ænd kˈæɹi/

a type of retail model where customers pay for goods upfront and transport them from the store themselves

Grammatical Information:

compound noun

click and collect

noun

/klˈɪk ænd kəlˈɛkt/

a retail service where customers order products online and pick them up in-store or at a specified location

Grammatical Information:

compound noun

retailer

noun

r

e

i

t

ai

eɪ

l

e

ɜ

r

a store, person, or business that sells goods to the public for their own use, not for resale

to outspend

Verb

o

a

u

ʊ

t

s

p

e

ɛ

n

d

to spend more money than somebody else

to undercut

Verb

/ˈəndɝˌkət/

to demand a lower price than one's rivals

Grammatical Information:

transitive

to splurge

Verb

s

p

l

u

ɜ

r

g

ʤ

e

to spend a lot of money on something trivial that one does not really need

Grammatical Information:

intransitive

to haggle

Verb

h

a

æ

gg

g

ə

l

e

to negotiate, typically over the price of goods or services

Grammatical Information:

intransitive

to outbid

Verb

o

a

u

ʊ

t

b

i

ɪ

d

to offer a higher price than someone else especially in an auction

underbid

to shortchange

Verb

sh

ʃ

o

ɔ:

r

t

ch

ʧ

a

eɪ

n

g

ʤ

e

to give or return less money than the correct amount

to upsell

Verb

u

ʌ

p

s

e

ɛ

ll

l

to encourage a customer to buy a more expensive or upgraded version of a product or service, or to add additional items to their purchase

Grammatical Information:

intransitive

back order

noun

/bˈæk ˈɔːɹdɚ/

a situation where a product is temporarily out of stock but can be ordered for future delivery

Grammatical Information:

compound noun

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