Flashcards in Vocabulary IV Deck (33)
The largest part or share.
Built, done, or bought as a speculation.
Ex: "the construction of spec houses"
A business transaction with considerable risk but offering the chance of large profits.
Satisfaction at someone else's misfortune.
A combination of financial institutions and capitalists for carrying into effect some operation requiring large resources of capital.
To become wrecked.
To fail utterly.
Example: the great plan foundered.
To intervene on behalf of someone in trouble.
To try to reconcile differences between two groups.
Capable of being maintained.
Acknowledgment of an error.
Narrow and rigid in opinion.
"To institute automation"
1). To pay a higher price for something ("the premium price")
2). Something that is in short supply ("housing in that area is at a premium")
3). Of exceptional value ("a wine made of premium grapes").
a.k.a. Par value, face value, nominal value, net worth
- the value of a property or business as stated in a book of accounts. (Total assets minus total liabilities).
The value of a property or business based on what it can be sold for on the open market.
1). To surrender
2). When an investor gives up a risky position for a safer one; panic selling.
An important dividing point between two phases.
The act of making a consequence or condition less severe.
When expenses are less than the income taken in.
When fewer supplies are used than were retained.
Green with vegetation.
A certain period in time.
A humiliating defeat.
1). Implied rather than expressly stated.
Ex: an implicit agreement.
2). Unquestioning and absolute.
Ex: implicit trust. "I trusted him implicitly".
Lowest point in an economic cycle.
(Opposite of a peak)