Vocabulary IV

Question 1

Lion’s share

Answer 1

The largest part or share.

Question 2

Spec

Answer 2

Built, done, or bought as a speculation.

Ex: “the construction of spec houses”

Question 3

Speculation

Answer 3

A business transaction with considerable risk but offering the chance of large profits.

Question 4

Schadenfreude

Answer 4

Satisfaction at someone else’s misfortune.

Question 5

Consortia

Answer 5

A combination of financial institutions and capitalists for carrying into effect some operation requiring large resources of capital.

Question 6

Founder

Answer 6

Verb.

To become wrecked.
To fail utterly.

Example: the great plan foundered.

Question 7

Intercede

Answer 7

To intervene on behalf of someone in trouble.

To try to reconcile differences between two groups.

Question 8

Tenable

Answer 8

Capable of being maintained.

Question 9

Solipsism

Answer 9

Egoistic self-absorption

Question 10

Mea Culpa

Answer 10

“My fault”

Acknowledgment of an error.

Question 11

Contentious

Answer 11

Quarrelsome.

Combative.

Question 12

Hidebound

Answer 12

Inflexible.

Narrow and rigid in opinion.

Question 13

Automation

Answer 13

Computerization.

“To institute automation”

Question 14

Yield

Answer 14

To produce

Question 15

Premium

Answer 15

1) . To pay a higher price for something (“the premium price”)
2) . Something that is in short supply (“housing in that area is at a premium”)
3) . Of exceptional value (“a wine made of premium grapes”).

Question 16

Book value

Answer 16

a. k.a. Par value, face value, nominal value, net worth

- the value of a property or business as stated in a book of accounts. (Total assets minus total liabilities).

Question 17

Market value

Answer 17

The value of a property or business based on what it can be sold for on the open market.

Question 18

Capitulate

Answer 18

1) . To surrender

2) . When an investor gives up a risky position for a safer one; panic selling.

Question 19

Watershed

Answer 19

An important dividing point between two phases.

Milestone.

Question 20

Mitigation

Answer 20

The act of making a consequence or condition less severe.

Question 21

Surplus

Answer 21

Budget:
When expenses are less than the income taken in.

Inventory:
When fewer supplies are used than were retained.

Question 22

Verdant

Answer 22

Green with vegetation.

Question 23

Grouse

Answer 23

Complain.

Grumble.

Question 24

Epoch

Answer 24

A certain period in time.

Question 25

Drubbing

Answer 25

A beating.

A humiliating defeat.

Question 26

Intrepid

Answer 26

Fearless

Question 27

Implicit

Answer 27

1). Implied rather than expressly stated.
Ex: an implicit agreement.

2). Unquestioning and absolute.
Ex: implicit trust. “I trusted him implicitly”.

Question 28

Trough

Answer 28

Lowest point in an economic cycle.

Opposite of a peak

Question 29

Missive

Answer 29

Written letter.

Note.

Question 30

Fraught

Answer 30

Filled with.

Full of.

Question 31

Tenet

Answer 31

Principle.

Doctrine.

Question 32

Stratum

Answer 32

A layer or level.

Question 33

Cumulative

Answer 33

Formed from the accumulation or addition of successive parts.