Exam: BEC Higher

Definition: A person or thing that divides something into smaller parts, especially in the context of land or property.

Example: The subdivider created several new lots for homes in the area.

Definition: An agreement where a tenant rents out a property they are leasing to someone else, while still keeping some rights to the property.

Example: I decided to sublease my apartment while I am studying abroad for a year.

Definition: To rent out a property that you are leasing to someone else.

Example: I decided to sublease my apartment while I am traveling abroad.

Definition: A type of license that allows someone else to produce or sell products or services, even though they do not own the main rights to those products or services.

Example: The company decided to sublicense its technology to a smaller firm to expand its market reach.

Definition: To give permission to someone else to use a right or license that you have, usually in a legal context.

Example: The company decided to sublicense its technology to a smaller firm.

Definition: The action of presenting something for consideration or approval.

Example: The contractor's submittal was reviewed by the architect before the project could proceed.

Definition: The process of optimizing a smaller part of a larger system or organization, often at the expense of the overall efficiency or effectiveness.

Example: The company's focus on suboptimization led to improvements in individual departments, but overall performance suffered.

Definition: Referring to loans or interest rates that are lower quality or higher risk, often given to borrowers with poor credit histories.

Example: Many banks offer subprime loans to individuals who may not qualify for traditional financing.

Definition: A type of loan that is offered to borrowers with lower credit ratings, often at higher interest rates due to the increased risk of default.

Example: Many people were unable to qualify for a prime mortgage and had to settle for a subprime loan instead.

Definition: A product that is made during the process of creating something else, often considered secondary or less important than the main product.

Example: The factory produces several subproducts that can be sold separately.

Definition: Relating to something that is secondary or less important, often serving to assist or support another main thing.

Example: The company has several subsidiary brands that help expand its market reach.

Definition: A company that is controlled by another company, usually referred to as the parent company.

Example: The large corporation owns several subsidiary companies around the world.

Definition: To provide financial support or assistance to help someone or something, often to reduce costs or encourage a particular activity.

Example: The government decided to subsidise public transportation to make it more affordable for everyone.

Definition: To help or support someone or something financially by providing money or resources.

Example: The government decided to subsidize public transportation to make it more affordable for everyone.