VOC U7 Definitions - EN - DEF Flashcards
a calculated risk (Investing is about taking calculated risks.)
something that may be dangerous or unpleasant, that you do after thinking carefully about what might happen
arise v. [I] (arose, arisen) (More problems like those at the nuclear power plant are certain to arise.)
if a problem or difficult situation arises, it begins to happen
assess v. [T] (It is difficult to assess all the complex processes driving climate change.)
to make a judgement about a situation after thinking carefully about it
catastrophic adj. (The failure of the talks could have catastrophic consequences.)
extremely bad
engage with someone/something phr. v. (The students were engaged with the novel and debated the actions of the characters.)
to become involved or interested in someone or something, and do things because of this
establish v. [T] 5It was quickly established that several members of the crew had been negligent.)
to find out facts that will prove that something is true
fall out phr. v. (She fell out with some of her colleagues.)
to have an angry argument or disagreement and stop being friendly to someone
foresee v. [T] (Few analysts foresaw that oil prices would rise so steeply.)
to think or know that something is going to happen in the future
forward thinking (With a bit of forward thinking, we make sure your budget goes as far as possible.)
plans, ideas, etc. that are helpful in a way that prepares you for the future
groundbreaking adj. (Her groundbreaking legal work changed the way sexual harassment was viewed.)
work or research that involves making new discoveries, using new methods, etc.
hazard n. [C] (One of the most widespread natural hazards is flooding.)
a risk that cannot be avoided
identify v. [T] (identified, identifying, identifies) (They identified a number of problem areas.)
to recognise or discover something and understand what it is like
impact n. [C] (We need to assess the impact on the environment.)
the effect or influence that an event, situation, etc. has on someone or something
measure n. [C] (New safety measures were being demanded after last night’s horrific train crash.)
an action, especially an official one, that is intended to deal with a particular problem
minimise (also minimize) v. [T] (Investing in unit trusts minimises the risks if stock markets fall.)
to reduce something that is difficult, dangerous or unpleasant to the smallest possible amount or degree
needs analysis n. [C] (The company did a needs analysis to determine what areas employees needed more training in).
a process in which you examine what a person or business needs from a product, activity, etc.
on the/someone’s radar (The company has been on the radar of environmental activists for several years.)
if something is on your radar, you have noticed it and are giving it some attention
operator n. [C] (They are the leading tour operator in the UK.)
a person or company that runs a particular business
portfolio n. [C] (plural portfolios) (European stocks make up 50% of his investment portfolio.)
a collection of shares and other investments owned by a particular person or company
pose v. [T] (Officials claim the chemical poses no real threat.)
to exist in a way that may cause a problem, danger, difficulty, etc.
preventive adj. (There have been many improvements in car safety and other preventive measures.)
intended to stop something you do not want to happen, such as illness, from happening;
probability n. [C,U] (plural probabilities) (The probability of the product’s sales increasing in Japan is really very low.)
how likely something is, sometimes calculated in a mathematical way
risk analysis n. [C] (plural analyses) (The factory, which treats hazardous waste, had a risk analysis carried out last year in response to public concern.)
a careful examination of a situation or activity to see what the risks may be and what you can do to prevent them
risk analyst n. [C] (Risk analysts prepared a summary of the possible risks, both financial and physical.)
someone whose job is to examine a business or activity to see what the risks may be and what can be done to prevent them
risk assessment n. [C,U] (Any organisation employing more than four people must carry out a health and safety risk assessment.)
an examination of the possible risks involved in doing something, so you can decide whether something is worth doing, and can plan to reduce the risks
risk-sensitive adj. (During a recession, many lenders are more risk-sensitive than they are in a good economic climate.)
easily upset or worried about the possibility that something bad, unpleasant or dangerous may happen
risk-tolerant adj. (Many financial advisers say that even if you’re risk-tolerant, you shouldn’t put more than 10% of your wealth into a single asset.)
able to accept the possibility that something bad, unpleasant or dangerous may happen
run a/the risk (The country needs this trade agreement, or it runs the risk of hurting the economy).
to do something that may be dangerous or unpleasant
scaremongering n. [U] (We hear scaremongering that a minimum wage will destroy jobs.)
the practice of deliberately making people worried or nervous, especially in order to get a political or other advantage
stockbroker n. [C] (The securities can be sold any business day by placing an order with a stockbroker.)
a person or organisation whose job is to buy and sell stocks, shares, bonds, etc. for people
suffer v. [I,T] (Only some of the buildings had suffered damage in the hurricane.)
to have something bad happen to you, or to experience something bad
variance n. [C,U] (Variance measures how different a price or number is from the average, and thus helps to determine risk.)
the amount by which two or more things are different or by which they change
volatile adj. (Bonds started the year in a highly volatile trading environment.)
a volatile situation is likely to change suddenly and without warning
volatility n. [U] (There has been a lot of volatility in the stock market in the last few weeks.)
the fact or state of being likely to change suddenly and without warning
