Exam: BEC Higher

Definition: A collection of investments or a case used to hold documents, pictures, or other materials.

Example: She presented her artwork in a beautiful portfolio during the exhibition.

Definition: A person who manages and oversees the activities of a post office, ensuring that mail is processed and delivered properly.

Example: The postmaster greeted everyone warmly as they entered the post office.

Definition: Referring to a service or payment plan where the charges are paid after the service is used, rather than in advance.

Example: Many mobile phone plans offer postpaid options that allow users to pay for their usage at the end of the billing cycle.

Definition: Referring to the amount remaining after taxes have been deducted from income or profits.

Example: The posttax income is what you actually take home after all deductions.

Definition: A process where someone gets permission or agreement for something before it officially happens.

Example: The bank gave her a preapproval for the loan, allowing her to shop for a house confidently.

Definition: A stamp or envelope that has been canceled before it is used, often to indicate that it has already been paid for.

Example: I collected a rare precancel from the early 1900s that is highly valued by philatelists.

Definition: To cancel a postage stamp before it is used for mailing, making it invalid for future use.

Example: She decided to precancel the stamps to avoid any issues at the post office.

Definition: A market for trading stocks and other securities that takes place before the official opening of the stock exchange.

Example: Many investors participate in the premarket to get an early sense of how stocks might perform during the day.

Definition: Referring to something that is of higher quality or value than the standard, often at a higher price.

Example: This brand offers premium coffee that is richer in flavor.

Definition: An extra amount of money paid on top of a regular price or salary, often as a reward or incentive.

Example: The company offered a premium for employees who met their sales targets.

Definition: To make a payment in advance before receiving a service or product.

Example: I decided to prepay for my hotel room to avoid any issues at check-in.

Definition: A payment made before it is due or before receiving a service or product.

Example: The company requires a prepayment before starting the project.