Level 16
Level 17

Getting down to business


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assets
a useful or valuable quality, skill, or person
bankruptcy
a situation in which a business or a person becomes bankrupt
bottom line
the final line in the accounts of a company or organization, stating the total profit or loss that has been made
budget
a plan to show how much money a person or organization will earn and how much they will need or be able to spend
client
a customer or someone who receives services
credit rating
a calculation of someone's ability to pay back money that they have borrowed
cutback
a reduction in something, made in order to save money
earnings
the amount of money that someone is paid for working ; a company's profits in a particular period
equity
the value of a company, divided into many equal parts owned by the shareholders, or one of the equal parts into which the value of a company is divided
household name
/ˌa famous person that most people know of
luxury goods
expensive things, such as jewellery and make-up, that are pleasant to have but are not necessary
bankrupt
unable to pay what you owe, and having had control of your financial matters given, by a law court, to a person who sells your property to pay your debts
hands-on
Someone with a hands-on way of doing things becomes closely involved in managing and organizing things and in making decisions
managerial
relating to a manager or management
calculated risk
a risk that you consider worth taking because the result, if it is successful, will be so good
keep track of
to make certain that you know what is happening or has happened to someone or something
make a name for yourself
to become famous or respected by a lot of people
win-win situation
A win-win situation or result is one that is good for everyone who is involved:
amalgamate
to join or unite to form a larger organization or group, or to make separate organizations do this
link up
the act of connecting two things, organizations, etc., for example so that they can work together:
sell like hot cakes
be sold quickly and in large quantities
put/throw a spanner in the works
to do something that prevents a plan or activity from succeeding:
corner the market
If a company corners the market in a particular type of product, it is more successful than any other company at selling the product:
draw up
to prepare something, usually something official, in writing:
take on (sth)
to begin to have a particular quality:
set up
the way in which things are organized or arranged:
in charge of
responsible for something or someone:
pay off
to give all of or the last part of an amount that you owe
keep track of
to continue to be informed or know about someone or something
break into
to suddenly begin to do something
allure
the quality of being attractive, interesting, or exciting
add up
​ to increase gradually until there is a large amount
creditor
someone who money is owed to
end up
to finally be in a particular place or situation
unwittingly
without knowing or planning
overdrafts
an amount of money that a customer with a bank account is temporarily allowed to owe to the bank, or the agreement that allows this
start out
to begin your life, or the part of your life when you work, in a particular way
transparent
If a substance or object is transparent, you can see through it very clearly
retaliate
to hurt someone or do something harmful to someone because they have done or said something harmful to you
lawsuit
a problem taken to a law court by an ordinary person or an organization rather than the police in order to obtain a legal decision
defection
the act of leaving a country, political party, etc. to go to another one
legitimate
allowed by law:
flagrant
​ (of a bad action, situation, person, etc.) shocking because of being so obvious
explicitly
clear and exact
subtle
not loud, bright, noticeable, or obvious in any way
take advantage of
to make use of for gain
offset
to balance one influence against an opposing influence, so that there is no great difference as a result
incur
to experience something, usually something unpleasant, as a result of actions you have taken
bounce
to (cause a cheque to) not be paid or accepted by a bank because there is no money in the account:
recoup
to get back money that you have spent or lost:
assault
a violent attack:
bind sb to sth
to force someone to keep a promise
hands-on
Someone with a hands-on way of doing things becomes closely involved in managing and organizing things and in making decisions
appoint
to choose someone officially for a job or responsibility
Level 18