Exam: BEC Higher

Definition: A request or offer made in an auction or card game, where people state how much they are willing to pay or play.

Example: The bidding for the painting started at a thousand dollars.

Definition: Able to be charged for services or work done, often in a professional context.

Example: The lawyer provided several billable hours for his clients this month.

Definition: An item or service that can be charged to a client or customer.

Example: The lawyer provided a detailed list of billable hours for the project.

Definition: A small, foldable case used to hold paper money, cards, and personal documents.

Example: He took out his billfold to pay for the groceries.

Definition: A piece of paper that has a company's name and address at the top, used to show costs or charges for services or products.

Example: The company sent me a billhead with the total amount due for the services provided.

Definition: A person who has a lot of money, specifically at least one billion units of currency.

Example: The billionaire donated a large sum to charity.

Definition: To produce a sound similar to a whirring or buzzing noise.

Example: The toy car began to birr as it sped across the floor.

Definition: A unit of currency used in Ethiopia.

Example: I exchanged my dollars for birr at the airport.

Definition: A standard piece of text that can be reused in different documents, often used in legal or formal writing.

Example: The contract included a lot of boilerplate that was the same as previous agreements.

Definition: A person or entity that owns a bond issued by a government or corporation, which represents a loan made to the issuer in exchange for periodic interest payments and the return of the bond's face value at maturity.

Example: The bondholder received regular interest payments from the corporation until the bond matured.

Definition: A person who manages and keeps financial records for a business, including transactions and accounts.

Example: The bookkeeper ensured that all financial records were accurate and up to date.

Definition: The activity of keeping financial records for a business, including tracking income and expenses.

Example: She is responsible for the bookkeeping of the small company.