Exam: BEC Higher

Definition: This term describes something that is not eligible for a reduction in price or is not offered at a lower price than usual.

Example: The store has a nondiscount policy for certain premium items.

Definition: Not related to money or financial matters.

Example: The report included both financial and nonfinancial information.

Definition: Not related to insurance or not covered by an insurance policy.

Example: The noninsurance costs of the project were higher than expected.

Definition: Describing someone or something that does not have insurance coverage.

Example: Many people are concerned about the risks of being noninsured in case of an accident.

Definition: Something that cannot be changed or discussed; it is fixed and must be accepted as is.

Example: The terms of the contract are nonnegotiable, so we have to agree to them as they are.

Definition: Not functioning or not in use; something that is not currently working or operational.

Example: The equipment is nonoperational due to a technical failure.

Definition: Describing someone or something that does not make payments or is not paying for a service or debt.

Example: The nonpaying customers were eventually removed from the service.

Definition: The act of not paying money that is owed or due.

Example: The company faced serious consequences due to nonpayment of its debts.

Definition: Not working well or not achieving the expected results.

Example: The bank had to deal with several nonperforming loans that were not being paid back.

Definition: This word describes something that cannot be returned for a refund or is not eligible to get money back after a purchase.

Example: The ticket I bought is nonrefundable, so I can't get my money back if I change my plans.