Exam: BEC Higher

Definition: The practice of setting odds and managing bets, particularly in sports events.

Example: He made a living through bookmaking, taking bets on various sports games.

Definition: A person or thing that helps to start or improve something, often by using their own resources or efforts.

Example: The bootstrapper worked hard to launch the new business without external funding.

Definition: A detailed document that lists or summarizes other documents or accounts.

Example: The accountant prepared a bordereau to track all the invoices and receipts for the month.

Definition: The process of putting liquids into bottles, often for storage or sale, or a specific quantity of liquid that has been bottled.

Example: The bottling of the new wine took place last week.

Definition: The action of putting liquids into bottles for storage or sale.

Example: They are bottling the fresh juice to sell at the market.

Definition: A place where stocks and shares are bought and sold, particularly in Europe.

Example: Investors gathered at the bourse to trade shares of various companies.

Definition: The state or condition of being broken, often referring to items that have been damaged or destroyed.

Example: The breakage of the fragile vase was unfortunate and costly.

Definition: Describing a situation where total income equals total expenses, resulting in no profit or loss.

Example: The company's breakeven point was reached after six months of operation.

Definition: The point where the total income equals the total costs, resulting in no profit or loss.

Example: The company reached breakeven after several months of operation.

Definition: A term that refers to the fee or commission charged by a broker for their services in facilitating a transaction, often in finance or real estate.

Example: The broker received a brokage for helping the client buy the house.

Definition: A person who helps others make deals or arrangements, often in business or finance, and usually earns a fee for their services.

Example: The broker helped me find the best deal on my new house.

Definition: To arrange or manage something, especially in a business context, often involving negotiation between parties.

Example: The company decided to broker a deal between the two rival firms.

Definition: A business or firm that helps people buy and sell financial assets like stocks and bonds, often charging a fee for their services.

Example: She decided to open an account with a brokerage to invest in the stock market.