Exam: BEC Higher

Definition: A device or person that helps to save energy or resources by using them more efficiently.

Example: The new economizer in the heating system reduced our energy bills significantly.

Definition: Relating to something that is designed to save money or is inexpensive to buy or use.

Example: We decided to rent an economy car for our trip to save on fuel costs.

Definition: The system by which goods and services are produced, distributed, and consumed in a society.

Example: The economy is showing signs of recovery after the recession.

Definition: A former currency unit used in the European Community before the euro was introduced, representing a specific value in relation to the currencies of member countries.

Example: Before the euro was adopted, many transactions in Europe were conducted using the ecu.

Definition: To take money or property that has been given to you to manage, and use it for your own purposes instead of for the intended purpose.

Example: The accountant was caught trying to embezzle funds from the company.

Definition: A person who is hired to work for a company or organization and is paid for their services.

Example: The company is looking to hire a new employee to help with the workload.

Definition: To change a financial document or check into cash by presenting it at a bank or financial institution.

Example: I need to encash this check at the bank today.

Definition: The act of converting a financial instrument, like a check or a draft, into cash.

Example: The encashment of the check took place at the bank yesterday.

Definition: A person or entity that receives a benefit or support from someone else, often in a legal or financial context, such as receiving a transfer of rights or ownership.

Example: The endorsee of the check was able to cash it at the bank.

Definition: A formal approval or support for something, often given by a person or organization, which can include a signature or statement of validation.

Example: The celebrity's endorsement of the product helped boost its sales significantly.

Definition: A business or organization that is involved in commercial activities, often requiring initiative and risk.

Example: The new enterprise aims to provide innovative solutions for small businesses.