Vocabulary Quiz 3 Flashcards Preview

English for Business Studies Vocabulary > Vocabulary Quiz 3 > Flashcards

Flashcards in Vocabulary Quiz 3 Deck (15):
1

liquidate stock (v.)

to get rid of all the products in stock (usually to reduce a company's debt or to create more storage room for new products)

2

elastic demand (n.)

the demand for a product is sensitive to price changes

(e.g., Candy bars are an example of elastic demand)

3

luxury (n.)

something that is not necessary and is usually expensive

(e.g., He spent a fortune on expensive wines and other luxuries. Right now a new car is a luxury that I can't afford.)

4

necessity (n.)

something that you must have or do

(e.g., Sunscreen is an absolute necessity for the beach./ food, clothes, and other basic necessities/ Getting plenty of rest is a necessity.)

5

word-of-mouth

hearing from another person

(e.g., We found this hotel by word of mouth./ The best form of advertising has always been word-of-mouth advertising: people telling their friends about good products.)

6

promotion (n.)

something that is done, such as advertising, to make people aware of something and increase its sales or popularity

(e.g., the promotion of a new brand of ice cream)

7

billboard (n.)

a very large sign for advertisements that is next to a road

(e.g., Papa Johns has a large billboard on Mill Ave.)

8

bond (n.)

a promise by the government or company to pay back money that it has borrowed and to pay interest for the borrowed money

(e.g., She has invested most of her money in stocks and bonds. The city issued bonds [=the city created bonds and sold them to investors] to pay for the new school.)

9

insolvent (adj.) or bankrupt (adj.)

not having enough money to pay debts

(e.g., The company has become insolvent/bankrupt.)

10

equity (n.)

a share in a company's stock

(e.g., Half of his money is invested in bonds and the other half in equities)

11

stock (n.)

part ownership of a company that can be bought, sold, or traded

(e.g., The value of his stocks has soared. Most of her money is invested in stocks.)

12

pension (n.)

money that a company or the government pays to a person who is old and no longer works

(e.g., Her pension arrives in the mail every month. Retired people living on/off their pensions.)

13

principal (n.)

the of money that is lent to someone before interest is added

(e.g., If I lend Jane $100 with 5% interest, then I will owe Jane a total of $105. The principal is $100./ Our monthly mortgage payment covers the interest on our loan as well as some of the principal.)

14

creditor (n.)

a person, bank, or company that lends money to someone

(e.g., She owes thousands of dollars to creditors.)

15

mutual fund (n.)

a type of investment in which the money of many people is used to buy stock from many different companies

(e.g., She invested her money in a mutual fund.)