Exam: BEC Higher

Definition: To offer a price that is higher than what something is worth or higher than other bids.

Example: In the auction, he decided to overbid to secure the rare painting.

Definition: A bid that is higher than another bid made in an auction or competitive situation.

Example: The overbid on the painting surprised everyone at the auction.

Definition: To offer a higher price than someone else for an item, especially in a bidding situation like an auction.

Example: She decided to overbid on the painting to ensure she won it at the auction.

Definition: To charge someone more money than is appropriate or allowed, often more than what is legally permitted.

Example: The company was accused of trying to overbill its clients for services not rendered.

Definition: To take more money as a loan than one can afford to pay back.

Example: Many people tend to overborrow when they are not careful with their finances.

Definition: Describing a situation where prices are excessively high due to a lot of buying, making it unlikely for prices to increase further in the short term.

Example: The stock was considered overbought after a surge in demand drove its price up significantly.

Definition: To have purchased more of something than is necessary or advisable, often leading to a decrease in value or price.

Example: Investors often regret when they have overbought stocks during a market surge.

Definition: A situation in a card game, especially bridge, where a player makes a bid that is higher than the previous bid, or an additional amount of money requested in a financial context.

Example: In bridge, an overcall can change the dynamics of the game significantly.

Definition: To make a higher bid than someone else in a card game.

Example: In the last round, she decided to overcall her opponent's bid to increase her chances of winning.

Definition: A situation where there is more capacity to produce goods or provide services than is actually needed or demanded.

Example: The factory faced issues due to overcapacity, leading to wasted resources and lower profits.

Definition: Having more capital than is necessary or reasonable for a business or investment.

Example: The company was overcapitalized, leading to inefficiencies in its operations.

Definition: To invest too much capital in a business or project, often leading to financial difficulties.

Example: The company was overcapitalized, which made it hard to manage its finances effectively.

Definition: To ask for a price that is higher than what is reasonable or fair.

Example: The store tends to overcharge for its products compared to other shops.

Definition: An excessive amount charged for a product or service, often more than what is fair or reasonable.

Example: The customer complained about the overcharge on their bill.

Definition: To ask for more money than something is worth or to charge too much for a product or service.

Example: The store decided to overcharge customers for the new smartphone, leading to many complaints.

Definition: An amount of money that a bank allows a person to borrow when their account balance goes below zero.

Example: She was charged a fee for having an overdraft on her bank account.

Definition: To take out more money from a bank account than is available, resulting in a negative balance.

Example: If you overdraw your account, you may have to pay a fee.

Definition: To take more money from a bank account than is available, leading to a negative balance.

Example: She accidentally overdraw her account by spending too much money.