FIN / ECON / BUS

Question 1

ACTUARIAL

Answer 1

Relating to calculations of risk for insurance companies and pension funds especially calculations of the age to which people are expected to live

The companies and funds use the results to make certain that they always have enough money to make payments to the people who have a right to them

Question 2

COLLATERAL

Answer 2

Valuable property owned by someone who wants to borrow money, that they agree will become the property of the company or person who lends the money if the debt is not paid back

Question 3

LEVERAGE

Answer 3

(Fin & Econ) The relationship between the amount of money that a company owes to banks and the value of the company
(Fin & Econ) The act of using borrowed money to buy an investment or a company

Question 4

LIQUIDATION SALE

Answer 4

Process of selling off a company’s inventory at big discount to generate cash

Question 5

OUTSIZED BUSINESS

Answer 5

Things that happen to be bigger than expected

Question 6

PRICE GOUGING

Answer 6

The practice of increasing the prices of goods, services, commodities to a level much higher than is considered reasonable or fair

Question 7

PRICE HIKE

Answer 7

A sudden increase in prices

Question 8

REPO

Answer 8

A repurchase agreement - a form of short-term borrowing for dealers in government securities

Question 9

‘SURPLUS

ˈsɝː.pləs

Answer 9

The amount of money you have left when you sell more than you buy, or spend less than you own

Question 10

STIPEND

Answer 10

Fixed regular income that is usually not based on an amount of work done

An amount of money that is paid regularly to someone, especially for work or training that is usually unpaid

Question 11

STRINGENT

Answer 11

Involving not enough money being available for borrowing as a result of firm controls on the amount of money in an economy

Question 12

ARREARS

Answer 12

Any amount that is overdue after the payment due date for accounts such as loans and mortgages

Question 13

FORECLOSE

Answer 13

To take back property that was bought with borrowed money because the money was not being paid back as formally agreed

Question 14

COLLATERAL

Answer 14

valuable property owned by someone who wants to borrow money, they agree

Question 15

CARTEL

Answer 15

a formal agreement between groups of producers to control supply and manipulate prices

Question 16

CON-‘GLO-ME-RATE

kənˈɡlɑː.mɚ.ət

Answer 16

a company that owns several smaller business whose products and services are different

Question 17

BUBBLE ECONOMY /
ECONOMIC BUBBLE

Answer 17

an economy that becomes succesful quickly, and also fails very suddenly

Question 18

SHRINKFLATION

Answer 18

reducing product’s volume bc of inflation

Question 19

FLOUNDER

Answer 19

Experience great difficulties or be completely unable to decide what to do or say next
Move awkwardly, in an awkward situation
Have serious financial or economic problems

Question 20

FLEDGLING

Answer 20

newly established small company

Question 21

PATRONAGE

Answer 21

The support given to an organization by someone

Question 22

EXCHEQUER

Answer 22

Fund or treasury, financial resources

Question 23

MONEY CRUNCHER

Answer 23

a fast growing e-commerce retailer, offering fantastic value, everyday essential products to customers across the UK and EU on all major marketplaces

Question 24

SYNDICATED

Answer 24

provided by a group of financial orgs who share the risk

Question 25

RETENTION

Answer 25

an amount of money that is owed to someone for doing work but that is not paid until the work has been completed in a satisfactory way