Upper Intermediate Deck 2
Total: 20 cards
patent
noun
Unreviewed
the official legal right to make or sell an invention for a particular number of years
premium
noun
Unreviewed
a sum over and above a regular price paid chiefly as an inducement or incentive; a sum in advance of or in addition to the nominal value of something
commodity
noun
Unreviewed
an economic good
merger
noun
Unreviewed
an agreement that unites two existing companies into one new company
surplus
noun
Unreviewed
an amount, quantity, etc., greater than needed
pharmaceutical
adjective
Unreviewed
of, relating to, or engaged in pharmacy or the manufacture and sale of pharmaceuticals
mortgage
noun
Unreviewed
a legal agreement in which a person borrows money to buy property and then pays the money back over a period of years
outsource
verb
Unreviewed
to delegate (a task, function, or responsibility) to an independent provider
financing
noun
Unreviewed
the process of means of acquiring capital necessary to conduct a business activity
equity
noun
Unreviewed
ownership
collateral
noun
Unreviewed
property (such as securities) pledged by a borrower to protect the interests of the lender
affiliate
noun
Unreviewed
one part of a larger group or organization; an organization that is officially connected with or controlled by another, usually larger, organization
markup
noun
Unreviewed
an amount added to the cost price to determine the selling price
takeover
noun
Unreviewed
the acquisition or seizure of control or power
liability
noun
Unreviewed
something a person or company owes, usually a sum of money
stakeholder
noun
Unreviewed
a person or group that has an investment, share, or interest in something, as a business or industry
subsidiary
noun
Unreviewed
a company that belongs to another company, which is usually referred to as the parent company or the holding company
creditor
noun
Unreviewed
a person or commercial enterprise to whom money is owed
tariff
noun
Unreviewed
a tax on imports or exports
depreciate
verb
Unreviewed
to decline in value
