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Exam: BEC Higher

downtrend

IPA: /ˈdaʊntrɛnd/

KK: /daʊntrɛnd/

noun

Definition: A situation where something, especially in economics, is decreasing or getting worse over time.

Example: The company is experiencing a downtrend in sales this quarter.

drawdown

IPA: /ˈdrɔːdaʊn/

KK: /ˈdrɔˌdaʊn/

noun

Definition: A reduction in the amount of something, often referring to the lowering of water levels in a reservoir or the depletion of resources like oil or investment capital.

Example: The drawdown of the reservoir was necessary to maintain the water supply during the dry season.

drawee

IPA: /ˈdrɔːi/

KK: /ˈdrɔːi/

noun

Definition: The person or organization that is instructed to pay a specified amount of money, usually in a financial transaction or bill.

Example: The bank acted as the drawee for the check issued by the customer.

dunnage

IPA: /ˈdʌnɪdʒ/

KK: /ˈdʌnɪdʒ/

noun

Definition: Loose materials used to support and protect items during shipping or transport.

Example: The workers carefully placed dunnage around the fragile items to prevent damage during transit.

dunning

IPA: /ˈdʌnɪŋ/

KK: /ˈdʌnɪŋ/

noun

Definition: The act of repeatedly asking someone to pay a debt they owe.

Example: The company started dunning the client after the payment was overdue for several months.

verb

Definition: To demand payment of a debt, often in a persistent or annoying way.

Example: The company is dunning its clients for overdue invoices.

duopolistic

IPA: /djuːəˈpɒlɪstɪk/

KK: /djuːəˈpɒlɪstɪk/

adjective

Definition: Relating to a market situation where two companies or entities dominate the market.

Example: In a duopolistic market, the two leading firms often influence prices and competition.

dutiable

IPA: /ˈdjuːtɪbəl/

KK: /ˈdjuːtɪbəl/

adjective

Definition: Referring to goods or items that are required to pay a tax or duty when imported or exported.

Example: Certain products are dutiable, meaning they incur additional taxes when crossing borders.

economic

IPA: /ˌiːkəˈnɒmɪk/

KK: /ɪˈkɒnəmɪk/

adjective

Definition: Relating to the economy, finances, or the management of resources and wealth.

Example: The government is implementing new policies to stimulate economic growth.

economise

IPA: /ɪˈkɒnəmaɪz/

KK: /ɪˈkɒnəmaɪz/

verb

Definition: To use less of something, especially money or resources, in order to save or be more efficient.

Example: We need to economise on our spending this month to save for the holiday.

economize

IPA: /ɪˈkɒnəmaɪz/

KK: /ɪˈkɒnəmaɪz/

intransitive verb

Definition: To use resources carefully and avoid waste, especially in spending money or using materials.

Example: We need to economize on our budget this month to save for the vacation.

transitive verb

Definition: To use resources carefully and avoid waste, especially in terms of money or materials.

Example: We need to economize on our spending to save for a vacation.

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