Exam: BEC Higher

Definition: The process of discussing something with others to reach an agreement or decision.

Example: The negotiation between the two companies lasted for several weeks before they reached a deal.

Definition: A person who discusses and arranges agreements between two or more parties.

Example: The negotiator worked hard to reach a compromise that satisfied both sides.

Definition: Related to the process of discussing and reaching an agreement between two or more parties.

Example: The negotiatory skills of the diplomat helped to resolve the conflict peacefully.

Definition: Remaining after all deductions or expenses have been taken away; the final amount left.

Example: The net profit for the company increased this year due to lower expenses.

Definition: A tool made of threads or fibers that is used to catch or hold things like fish, birds, or insects, or to create barriers against them.

Example: The fisherman used a large net to catch fish in the river.

Definition: To catch or trap something using a net, or to earn a profit after expenses are deducted.

Example: The fisherman will net a large catch today.

Definition: A type of woodpecker found in Europe, also known as the yaffle.

Example: The nickle is often heard tapping on trees in the forest.

Definition: Relating to a business or institution that is not a bank but offers similar financial services.

Example: Many nonbank lenders provide loans to individuals and businesses.

Definition: A type of business that provides financial services similar to a bank but is not officially recognized as a bank.

Example: Many people use nonbank financial institutions for loans and investment services.

Definition: Relating to activities or services that are not part of the traditional banking system.

Example: Many nonbanking financial institutions offer loans and investment services.

Definition: This word describes something that cannot be canceled or revoked.

Example: The contract is noncancelable, meaning it must be honored until its term ends.

Definition: Referring to transactions or payments that are made using methods other than cash, such as checks, credit cards, or barter.

Example: Many businesses accept noncash payments to make transactions easier for customers.

Definition: Not officially recognized or approved as meeting certain standards or qualifications.

Example: The noncertified products may not meet safety regulations.