Finance

an agreement between business rivals to not sell products at a lower price

The company was fined millions of dollars for engaging in price fixing with its competitors, violating antitrust laws.

the money that is demanded by the court to be paid to an ex-spouse or ex-partner

After the divorce, she was awarded monthly alimony payments to support her financially.

money that is owed and not yet paid

He finally paid off his arrears from the last six months.

additional but less important, often connected to a main element

While the primary objective of the project was to enhance customer satisfaction, there were collateral advantages, including increased brand loyalty.

an event or situation that might happen

The team drafted backup plans for various contingencies.

a single, large payment made in full, instead of smaller payments made over time

After winning the lottery, Sarah chose to receive her prize as a lump sum rather than in annual installments.

located or occurring above the level of the head

The overhead lights illuminated the room brightly.

an extra amount of money added to an existing sum so that it reaches the required total

Before embarking on the road trip, I stopped at the gas station to top up the tank.

a small, hollow sphere of gas

Tiny bubbles rose to the surface of the water.

the obvious meaning or worth of something, without looking deeper

He took the promise at face value without questioning it.

to spend or invest money or resources for a particular purpose

The company decided to outlay funds for research and development to enhance product innovation.

the amount of unpaid debt that a company expects to receive from its customers or another company

The company's accounts receivables increased significantly this quarter, indicating strong sales but also potential cash flow challenges.

the initial amount of money needed to start a business or project

The entrepreneur used seed money from family and friends to launch her start-up company.

an additional amount of money given to someone for their services

The waiter received a generous gratuity for providing excellent service throughout the meal.

an organization that lends money to people for buying a house or pays interest on the money that they save there

The savings and loan association offered competitive interest rates on mortgages for first-time homebuyers.

a financial institution that oversees exchanging cheques and other financial transactions

The clearing house acts as an intermediary between buyers and sellers in financial markets, facilitating the settlement of transactions.

the maximum amount of loan that a customer is allowed to receive

The small business secured a line of credit from the bank to cover operating expenses during lean months.

the technological innovation in financial services

The fintech company developed a mobile app that allows users to easily transfer money, pay bills, and track their expenses in real-time.

the total accumulated savings set aside for retirement

As retirement approached, Sarah began contributing more to her pension pot to ensure a comfortable lifestyle in her later years.

a regular payment from one parent to financially support the child after a divorce

The court ordered John to pay monthly child support to help cover the costs of raising his two children.

subsidies, incentives, or benefits given by the government to big or growing businesses and corporations

Critics argue that corporate welfare distorts the free market by giving unfair advantages to certain businesses through government subsidies.

a British banking system in which funds are transferred from one account to another upon authorization, often via bank or post office

He paid his rent using the giro system.

to eliminate someone, often perceived as a threat, by causing their death

The mob boss ordered his henchmen to liquidate the rival gang members.

the value of a company's assets minus its liabilities, divided by the number of outstanding shares

The mutual fund's net asset value (NAV) is calculated at the end of each trading day, reflecting the total value of its assets minus liabilities.

a natural talent, ability, or quality possessed by a person

Her musical endowment was evident from a young age.