Exam: BEC Higher

Definition: The act of spending more money than one can afford or more than is necessary.

Example: Overspending can lead to serious financial problems if not controlled.

Definition: To spend more money than one has or more than is necessary.

Example: She regrets her overspending during the holiday season.

Definition: To sign up for something more than what is available, often leading to a situation where there are not enough spots or resources for everyone who wants to participate.

Example: The event was so popular that it was oversubscribed, and many people were left without tickets.

Definition: Beyond the usual time limit, especially in relation to work hours.

Example: The employees stayed late to finish the project and worked overtime.

Definition: Extra hours worked beyond the normal working schedule, often resulting in additional pay.

Example: She earned extra money by working overtime last weekend.

Definition: To work more hours than usual, especially beyond the standard work schedule.

Example: She decided to work overtime to finish the project on time.

Definition: To engage in excessive trading, often resulting in financial loss or instability.

Example: Investors should be cautious not to overtrade, as it can lead to significant losses.

Definition: The practice of buying more goods than one can afford, leading to financial difficulties or market oversupply.

Example: Overtrading can lead to serious financial problems for a business.

Definition: To take away more tax from someone's earnings than is necessary.

Example: If you overwithhold from your paycheck, you might get a larger tax refund later.

Definition: To take away more money in taxes than is actually owed.

Example: If you overwithhold from your paycheck, you might get a larger tax refund later.

Definition: The legal right to possess something or the state of being an owner.

Example: The ownership of the property was transferred to the new buyer.

Definition: Describing something that sets a standard or example for others to follow, often in terms of speed or progress.

Example: The company's pacesetting approach has inspired many other businesses to innovate.

Definition: To engage in a discussion or negotiation, often between opposing parties.

Example: The two leaders decided to parley in hopes of reaching a peaceful agreement.

Definition: A meeting or discussion, often between opposing sides, to negotiate or settle issues.

Example: The two leaders held a parley to discuss the terms of peace.

Definition: A type of agreement where two or more people or groups work together and share the profits and responsibilities of a business or project.

Example: The two companies formed a partnership to develop new technology.