Unit 11: Vocabulary

To be added over a given period.

Interest on the loan accrues over the 10 year term

To come into possession or ownership of, to buy, to purchase.

The company has acquired several buildings on the island.

To trade by exchanging goods rather than money.

Before money was common, people often bartered with animals like goats or cows.

A certificate of ownership of a specified amount which can be redeemed.

Treasury bonds are a popular form of saving in the US.

A fee, cost or expense which has to be paid.

Going over ones overdraft usually incurs a small charge.

Internet-based money which is governed by advanced mathematics and operates independently of a central bank..

Bitcoin was the world's first cryptocurrency.

To distribute the powers of a central organization over a wider area.

A lot of companies decentralize certain functions like HR as it is more effective to have HR departments in all locations instead of only at the head office.

Previously named or selected for a certain function.

Mr. Smith is the designated representative for your area, so please contact him with any complaints.

To decide on, to figure out.

We need to determine the best course of action to deal with this problem.

To sign one's name on a commercial document.

After the accounts manager endorses your payment request, it will be processed.

Constant changes and instability.

Fluctuations in the exchange rate mean that the value of a currency is never predictable.

To stop or limit the use of.

After he had been accused of fraud, the government froze his assets to prevent him spending the money.

Something which provides stimulus or encouragement to do something.

The company offers a range of incentives, such as commission and flexi-time to motivate staff.

A means by which something is effected or done.

The government has several instruments for ensuring compliance with tax regulations.

A storekeeper, retailer, or wholesaler; one who sells products.

More and more merchants accept American Express as a payment option.

To need or have need of.

A lot of companies use e-invoicing nowadays and don't require a paper copy.

Taking possession of an item or monies legally or by force.

The government's seizure of his estate came as a surprise to his wife.

A person or organization other than the two actors primarily involved in a situation.

The contract is between the bank and you; it doesn't take account of any possible third parties.

An item of business which has been carried out or conducted.

The acquisition of K&M was the largest transaction in the history of the firm.

Something which does not remain fixed or stable.

An uncertain exchange rate, unknown order quantity, and indefinite payment terms are all variables which make doing business with them problematic.