Business Flashcards
bankrupt
adjective
People or organizations that go bankrupt do not have enough money to pay their debts.
ex.If the firm cannot sell its products, it will go bankrupt.
verb
To bankrupt a person or organization means to make them go bankrupt.
ex.The move to the market nearly bankrupted the firm and its director.
countable noun
A bankrupt is a person who has been declared bankrupt by a court of law.
fraud
variable noun
Fraud is the crime of gaining money or financial benefits by a trick or by lying.
ex.He was jailed for two years for fraud and deception.
countable noun
A fraud is something or someone that deceives people in a way that is illegal or dishonest.
ex.Unfortunately the portraits were frauds.
countable noun
If you call someone or something a fraud, you are criticizing them because you think that they are not genuine, or are less good than they claim or appear to be.
ex.I suspect her of being a fashion fraud, pretending to care about it more than she really does.
federal
adjective
A federal country or system of government is one in which the different states or provinces of the country have important powers to make their own laws and decisions.
ex.The provinces are to become autonomous regions in the new federal system.
adjective
Some people use federal to describe a system of government which they disapprove of, in which the different states or provinces are controlled by a strong central government.
ex.He does not believe in a federal Europe with centralising powers.
precede
verb
If one event or period of time precedes another, it happens before it.
ex.Intensive negotiations between the main parties preceded the vote.
verb
If you precede someone somewhere, you go in front of them.
ex.He gestured to Alice to precede them from the room.
obtain
verb
To obtain something means to get it or achieve it.
ex.Evans was trying to obtain a false passport and other documents.
insolvent
adjective
A person or organization that is insolvent does not have enough money to pay their debts.
ex.The bank was declared insolvent.
#Synonyms: bankrupt, ruined, on the rocks
interfere
verb
If you say that someone interferes in a situation, you mean they get involved in it although it does not concern them and their involvement is not wanted.
ex.I wish everyone would stop interfering and just leave me alone.
verb
Something that interferes with a situation, activity, or process has a damaging effect on it.
ex.Personal and family stresses will inevitably interfere with work at times.
infringement
variable noun
An infringement is an action or situation that interferes with your rights and the freedom you are entitled to.
ex.They see it as an infringement on their own freedom of action.
variable noun
An infringement of a law or rule is the act of breaking it or disobeying it.
ex.There might have been an infringement of the rules.
obligation
variable noun
If you have an obligation to do something, it is your duty to do that thing.
ex.When teachers assign homework, students usually feel an obligation to do it.
variable noun
If you have an obligation to a person, it is your duty to look after them or protect their interests.
ex.The United States will do that which is necessary to meet its obligations to its own citizens.
