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Exam: BEC Higher

incorporator

IPA: /ɪnˈkɔːpəreɪtə/

KK: /ɪnˈkɔːrpəreɪtər/

noun

Definition: A person or entity that creates a corporation or legal entity by combining various elements into a single organization.

Example: The incorporator filed the necessary documents to establish the new company.

indorser

IPA: /ɪnˈdɔːrsər/

KK: /ɪnˈdɔrsər/

noun

Definition: A person who signs a document or a check to show approval or support, often to transfer rights or ownership.

Example: The indorser signed the back of the check to allow the funds to be transferred to another account.

inflow

IPA: /ˈɪnfləʊ/

KK: /ˈɪnˌfloʊ/

noun

Definition: A movement of something, such as water or information, coming into a place or system.

Example: The inflow of tourists during the summer boosts the local economy.

installment

IPA: /ɪnˈstɔːlmənt/

KK: /ɪnˈstɔlmənt/

noun

Definition: A part of a payment that is made at regular intervals until a debt is fully paid off.

Example: I will pay for the car in three installments over the next few months.

insurant

IPA: /ɪnˈʃʊərənt/

KK: /ɪnˈʃʊərənt/

noun

Definition: A person who is covered by an insurance policy.

Example: As an insurant, she felt secure knowing her health expenses were covered.

insurer

IPA: /ɪnˈʃʊrə/

KK: /ɪnˈʃʊrər/

noun

Definition: A person or company that provides insurance coverage to protect against financial loss or damage.

Example: The insurer approved my claim after reviewing the documents I submitted.

interbank

IPA: /ˈɪntərˌbæŋk/

KK: /ˈɪntərˌbæŋk/

adjective

Definition: Connected to or involving multiple banks, especially in financial transactions or services.

Example: The interbank lending rate is crucial for understanding the cost of borrowing between banks.

intercorporate

IPA: /ˌɪntərˈkɔːr.pə.reɪt/

KK: /ɪntərˈkɔːr.pə.reɪt/

adjective

Definition: Relating to or occurring between different companies or corporations.

Example: The intercorporate agreement allowed for better collaboration on projects.

interdealer

IPA: /ˌɪntərˈdiːlər/

KK: /ˈɪntərˌdiːlər/

adjective

Definition: Relating to transactions or interactions that occur between different dealers, often in financial markets.

Example: The interdealer market allows for the trading of securities between financial institutions.

interline

IPA: /ˈɪntəlaɪn/

KK: /ˈɪntərlaɪn/

adjective

Definition: Connected to or involving multiple transportation lines or routes.

Example: The interline agreement allows passengers to transfer between different airlines easily.

transitive verb

Definition: To insert something between lines of text or to add a layer of material inside a garment for extra warmth or structure.

Example: The editor decided to interline the text to make it clearer for the readers.

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