Exam: BEC Higher

Definition: A fee charged for keeping a ship, truck, or freight car longer than agreed, usually because it was not loaded or unloaded on time.

Example: The shipping company had to pay demurrage because the cargo was delayed at the port.

Definition: To settle or become placed in a specific location, often referring to a substance or material that accumulates over time.

Example: The minerals will deposit at the bottom of the lake over the years.

Definition: A sum of money that is paid as a part of a larger payment or as security for an item that is borrowed or rented.

Example: I made a $200 deposit to secure my reservation at the hotel.

Definition: To place or put something in a specific location, often for safekeeping or as a payment.

Example: I decided to deposit my paycheck into my savings account.

Definition: A person who puts money into a bank account or other financial institution.

Example: The depositor received interest on the money they saved in the bank.

Definition: A name or title that identifies someone or something, often used to show a specific role or position.

Example: Her designation as the team leader was announced at the meeting.

Definition: A type of currency that was used in various countries in the Middle East and North Africa, often made of gold or silver.

Example: The price of the car was listed in dinars, which is the local currency.

Definition: The position or role of being a director in an organization or company.

Example: She was appointed to the directorship after years of hard work and dedication.

Definition: A dirham is a unit of currency used in several countries, particularly in the Arab world, such as the United Arab Emirates and Morocco.

Example: I exchanged my dollars for dirhams before traveling to Morocco.

Definition: To pay out money from a fund or account for a specific purpose.

Example: The organization will disburse the funds to support local charities.

Definition: The act of paying out money or funds, often for a specific purpose or expense.

Example: The disbursement of funds for the project was approved by the committee.

Definition: A person or organization that pays out money, especially from a fund or account.

Example: The disburser of the grant ensured that all funds were allocated properly.