Vocab 20 Flashcards
Accrue
To increase, accumulate, or come about as a result of growth
Arbiter
A person chosen to judge or decide a disputed issue
A person who has the power to judge at will
Audit
To examine, verify, or correct the financial accounts of
A review of records or finical accounts to check their accuracy
To attend a course without requesting or receiving academic credit
Cartel
A group of independent businesses formed to control production, pricing and marketing of goods
Collateral
Property that is pledged as security for a loan if the loan is not repaid, the property is taken
Serving to support or corroborate
Of a secondary nature; subordinate
Commodity
An item of trade or commerce, especially an agricultural or mining product
Something or someone valuable and useful
Conglomerate
A cooperation made up of a number of companies that operate in different fields
To form or gather into a mass or whole
Liquidate
To settle a debt, claim, or other obligation by selling property or goods
To convert assets into cash
Lucrative
Producing wealth; profitable
Security
A document showing ownership or something owed; a stock or bond
Something deposited or given as assurance of the fulfillment of an obligation; a pledge; collateral