Please study the 20 vocabulary terms below. Then press the Mark Complete button to continue.
- accrue
- to be added over a given period
- acquire
- to come into possession or ownership of, to buy, to purchase
- barter
- to trade by exchanging goods rather than money
- bond
- a certificate of ownership of a specified amount which can be redeemed
- charge
- a fee, cost or expense which has to be paid
- cryptocurrency
- a currency which is designed around exchanging secure information rather than an actual item
- decentralize
- to distribute the powers of a central organization over a wider area
- designated
- previously named or selected for a certain function
- determine
- to decide on, to figure out
- endorse
- to sign one's name on a commercial document
- fluctuation
- constant changes and instability
- freeze
- to stop or limit the use of
- incentive
- something which provides stimulus or encouragement to do something
- instrument
- a means by which something is effected or done
- merchant
- a storekeeper, retailer, or wholesaler; one who sells products
- require
- to need or have need of
- seizure
- taking possession of an item or monies legally or by force
- third party
- a person or organization other than the two actors primarily involved in a situation
- transaction
- an item of business which has been carried out or conducted
- variable
- something which does not remain fixed or stable
US
UK
US
UK
Interest on the loan accrues over the 10 year term
US
UK
US
UK
The company has acquired several buildings on the island.
US
UK
US
UK
Before money was common, people often bartered with animals like goats or cows.
US
UK
US
UK
Treasury bonds are a popular form of saving in the US.
US
UK
US
UK
Going over ones overdraft usually incurs a small charge.
US
UK
US
UK
BitCoin was the world's first cryptocurrency.
US
UK
US
UK
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.
US
UK
US
UK
Mr. Smith is the designated representative for your area, so please contact him with any complaints.
US
UK
US
UK
We need to determine the best course of action to deal with this problem.
US
UK
US
UK
After the accounts manager endorses your payment request, it will be processed.
US
UK
US
UK
Fluctuations in the exchange rate mean that the value of a currency is never predictable.
US
UK
US
UK
After he had been accused of fraud, the government froze his assets to prevent him spending the money.
US
UK
US
UK
The company offers a range of incentives, such as commission and flexi-time to motivate staff.
US
UK
US
UK
The government has several instruments for ensuring compliance with tax regulations.
US
UK
US
UK
More and more merchants accept American Express as a payment option.
US
UK
US
UK
A lot of companies use e-invoicing nowadays and don't require a paper copy.
US
UK
US
UK
The government's seizure of his estate came as a surprise to his wife.
US
UK
US
UK
The contract is between the bank and you. It doesn't take account of any possible third parties.
US
UK
US
UK
The acquisition of K&M was the largest transaction in the history of the firm.
US
UK
US
UK
An uncertain exchange rate, unknown order quantity, and indefinite payment terms are all variables which make doing business with them problematic.