Exam: BEC Higher

Definition: A person or company that provides insurance or guarantees financial risks, often by evaluating applications for coverage or policies.

Example: The underwriter assessed the applicant's risk before approving the insurance policy.

Definition: Not having a job or work, especially when this is not by choice.

Example: After losing his job, he remained unemployed for several months.

Definition: A group of people who do not have jobs and are looking for work.

Example: The government is providing support for the unemployed during the economic crisis.

Definition: Not included on a list or directory, such as a telephone book or stock exchange.

Example: The unlisted phone number made it difficult to reach him.

Definition: This word describes something that cannot be sold or is not suitable for sale in the market.

Example: The product was deemed unmarketable due to its high cost and low demand.

Definition: Something that cannot be changed or discussed in terms of agreement or terms.

Example: The price of the car is unnegotiable, so you must pay the listed amount.

Definition: Not making any money or profit; not beneficial or useful.

Example: The company had to close down because it was unprofitable for several years.

Definition: In a way that does not produce profit or financial gain.

Example: The company operated unprofitably for several years before closing down.

Definition: Describing a debt or loan that has not been paid back yet.

Example: He still has an unrepaid loan from last year.

Definition: Not able to be sold or not suitable for sale.

Example: The store had to discount the unsalable items to clear out inventory.

Definition: An item or product that cannot be sold, often due to lack of demand or other issues.

Example: The store had to clear out its unsalable inventory after the season ended.

Definition: Not fastened or attached; in finance, it refers to a loan that does not have collateral backing it.

Example: He took out an unsecured loan to pay for his education.