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Exam: BEC Higher

moneymaking

IPA: /ˈmʌniˌmeɪkɪŋ/

KK: /ˈmʌniˌmeɪkɪŋ/

adjective

Definition: Relating to activities or ventures that generate profit or income.

Example: She started a moneymaking venture to increase her savings.

noun

Definition: The process or activity of earning money, often through business or investment.

Example: His moneymaking ventures have made him very successful.

monopolise

IPA: /məˈnɒpəlaɪz/

KK: /məˈnɑːpəˌlaɪz/

verb

Definition: To have complete control over something, often to the exclusion of others.

Example: The company tried to monopolise the market by buying out its competitors.

monopolizer

IPA: /məˈnɒpəlaɪzə/

KK: /məˈnɑːpəˌlaɪzər/

noun

Definition: A person or company that has complete control over a particular market or product, preventing others from competing.

Example: The monopolizer of the telecommunications industry set high prices for their services.

mortgage

IPA: /ˈmɔːɡɪdʒ/

KK: /ˈmɔrɡɪdʒ/

noun

Definition: A legal agreement where a person borrows money to buy property and pays it back over time, using the property as security for the loan.

Example: They took out a mortgage to buy their first home.

transitive verb

Definition: To pledge property as security for a loan, usually to buy a home or other real estate.

Example: They decided to mortgage their house to finance their new business.

mortgagee

IPA: /ˈmɔːɡɪdʒi/

KK: /ˈmɔrɡɪdʒi/

noun

Definition: A person or organization that lends money to someone to buy a property, holding the mortgage as security until the loan is paid off.

Example: The mortgagee approved the loan application for the new house.

mortgager

IPA: /ˈmɔːrɡɪdʒər/

KK: /ˈmɔrtɡɪdʒər/

noun

Definition: A person who borrows money from a lender using their property as security for the loan.

Example: The mortgager signed the agreement to secure the loan for their new home.

mortgagor

IPA: /ˈmɔːrɡɪɡɔːr/

KK: /ˈmɔrɡɪˌɡɔr/

noun

Definition: A person or entity that borrows money from a lender to buy property, using the property itself as security for the loan.

Example: The mortgagor signed the loan agreement to purchase their new home.

multibank

IPA: //ˈmʌltɪbæŋk//

KK: /ˈmʌltɪbæŋk/

adjective

Definition: Relating to or involving multiple banks or financial institutions.

Example: The multibank system allows customers to manage accounts from different banks in one place.

multibillion

IPA: /ˌmʌltiˈbɪljən/

KK: /mʌltiˈbɪljən/

adjective

Definition: Referring to an amount that is greater than two billion, often used to describe large sums of money or financial figures.

Example: The company announced a multibillion-dollar deal with a major partner.

multicurrency

IPA: /ˌmʌltiˈkɜrənsi/

KK: /mʌltiˈkɜrənsi/

adjective

Definition: Relating to or involving more than one type of currency.

Example: The bank offers multicurrency accounts for international travelers.

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