Vocabulary IV Flashcards
Lion’s share
The largest part or share.
Spec
Built, done, or bought as a speculation.
Ex: “the construction of spec houses”
Speculation
A business transaction with considerable risk but offering the chance of large profits.
Schadenfreude
Satisfaction at someone else’s misfortune.
Consortia
A combination of financial institutions and capitalists for carrying into effect some operation requiring large resources of capital.
Founder
Verb.
To become wrecked.
To fail utterly.
Example: the great plan foundered.
Intercede
To intervene on behalf of someone in trouble.
To try to reconcile differences between two groups.
Tenable
Capable of being maintained.
Solipsism
Egoistic self-absorption
Mea Culpa
“My fault”
Acknowledgment of an error.
Contentious
Quarrelsome.
Combative.
Hidebound
Inflexible.
Narrow and rigid in opinion.
Automation
Computerization.
“To institute automation”
Yield
To produce
Premium
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”).
Book value
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).
Market value
The value of a property or business based on what it can be sold for on the open market.
Capitulate
1) . To surrender
2) . When an investor gives up a risky position for a safer one; panic selling.
Watershed
An important dividing point between two phases.
Milestone.
Mitigation
The act of making a consequence or condition less severe.
Surplus
Budget:
When expenses are less than the income taken in.
Inventory:
When fewer supplies are used than were retained.
Verdant
Green with vegetation.
Grouse
Complain.
Grumble.
Epoch
A certain period in time.
Drubbing
A beating.
A humiliating defeat.
Intrepid
Fearless
Implicit
1). Implied rather than expressly stated.
Ex: an implicit agreement.
2). Unquestioning and absolute.
Ex: implicit trust. “I trusted him implicitly”.
Trough
Lowest point in an economic cycle.
Opposite of a peak
Missive
Written letter.
Note.
Fraught
Filled with.
Full of.
Tenet
Principle.
Doctrine.
Stratum
A layer or level.
Cumulative
Formed from the accumulation or addition of successive parts.
