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24 terms

Business Vocab

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economize
To use less of; to use to the best advantage.
forfeiture
Loss by one's own neglect; giving up property.
assessment
The evaluation or estimation of the value of something.
foreclosure
The process of taking possession of a mortgaged property when the borrower has failed to pay as per his contract.
deed
A legal document that is signed and delivered especially one regarding the ownership of property.
underwriting
To guarantee insurability or assume liability for someone or something.
appraisal
An expert estimate of the value of something.
realtor
A person licensed to engage in real estate business.
requisition
Something requested, demanded, or taken by authority.
remuneration
Money paid for work or service.
diversify
To enlarge or vary its range of products or field of operation.
conglomerate
To form a conglomerate by merging diverse businesses.
aggregate
A whole formed by combining several elements.
cartel
An association of manufacturers or suppliers having the purpose of maintaining prices at a high level and restricting competition.
monopolize
To obtain exclusive possession or control of a trade, commodity, or service.
proprietary
Belonging to or controlled by a person or company.
license
A permit from an authority to own or use something or carry on a trade.
promissory
Conveying or implying a promise.
promotional
Relating to the publicizing of a product.
quantitative
Relating to the quantity of something rather than its quality.
qualitative
Relating to the quality of something rather than its quantity.
aggrandizement
Making larger, stronger, more powerful.
marginalized
To make less significant, to leave on the side.
hedge
To shelter, protect, compensate for.