Exam: BEC Higher

Definition: A reduction in the amount of money that needs to be paid, or a refund of part of a payment that has already been made.

Example: After submitting my tax return, I received a rebate from the government.

Definition: To return a part of a payment or to reduce the amount owed.

Example: The store offered a rebate on the purchase of the new television.

Definition: To charge someone again for a service or product they have already been billed for.

Example: The company will rebill you for the subscription if the payment fails.

Definition: To change the way a company is financed by altering its capital structure, often by issuing new shares or taking on debt.

Example: The company decided to recapitalize to improve its financial stability.

Definition: Something that is due to be paid or collected, often referring to money that is expected to be received.

Example: The company has many receivable accounts that need to be collected this month.

Definition: An amount of money that is owed to a business by its customers or clients, usually for goods or services provided on credit.

Example: The company has a large amount of receivables that it expects to collect soon.

Definition: To combine or bring together again into a single unit or group.

Example: After the merger, the companies decided to reconsolidate their resources for better efficiency.

Definition: The process of moving something to a different place or position, especially in a military or organizational context.

Example: The company announced the redeployment of staff to improve efficiency.

Definition: A person or company that is involved in the process of redeveloping land or property, often to improve or repurpose it for new uses.

Example: The redeveloper transformed the old factory into modern apartments.

Definition: A financial term referring to the process of discounting a financial instrument again after it has already been discounted once, often involving commercial paper.

Example: The bank offered a rediscount on the commercial paper to improve liquidity.

Definition: To apply a discount to something again, usually in a financial context.

Example: The bank decided to rediscount the notes to improve liquidity.

Definition: To reach the maximum limit of something, especially in terms of speed or performance, often indicated by a red line on a gauge.

Example: The car redlined during the race, showing it reached its maximum speed.

Definition: A limit or boundary that should not be exceeded, often marked in red, indicating a point of danger or caution.

Example: The engineer warned us not to exceed the redline on the pressure gauge.

Definition: To mark or indicate something, often in a way that shows it should not be used or is not acceptable, such as marking text in red or refusing services based on certain criteria.

Example: The bank decided to redline the neighborhood, making it difficult for residents to get loans.

Definition: The process of changing and improving existing systems, organizations, or products to make them work better and be more efficient.

Example: The company is focusing on reengineering its production process to reduce costs and improve quality.

Definition: To redesign or reorganize a process or system to improve efficiency or effectiveness.

Example: The company is reengineering its production process to reduce costs.