Vocab 25 Flashcards
(10 cards)
Accrue
To increase or grow
Audit
To examine, verify, or correct, as financial accounts
Cartel
A combination of independent or government owned businesses formed to control the production and distribution of its members goods
Collateral
Property pledged by a borrower to secure a loan and to protect the interest of the lender
Commodity
An article of trade, such as an agricultural or mining product, that can be transported
Conglomerate
A corporation made up of a large number of separate companies operating in different industries
Liquidate
To settle the affairs by determining the liabilities and using the assets to discharge them
Lucrative
Profitable
Recompense
Payment made in return for something given or done
Security
Written evidence of ownership or creditorship, such as a stock or bond certificate