Exam: BEC Higher

Definition: Arranged or managed by someone who has influence or power, often in a way that involves negotiation or compromise.

Example: The brokered deal between the two companies was celebrated as a major achievement.

Definition: To arrange or negotiate a deal or agreement between two or more parties.

Example: The company brokered a deal between the two rival firms.

Definition: Relating to the business of buying and selling financial assets, typically through a broker.

Example: The broking industry plays a crucial role in the financial markets.

Definition: The activity of acting as a broker, which involves facilitating transactions between buyers and sellers, often in financial markets.

Example: He works in broking, helping clients buy and sell stocks.

Definition: Relating to a plan for managing money, especially how much money is available to spend.

Example: The company needs to create a budgetary plan for the upcoming year.

Definition: A type of ship designed to carry large quantities of bulk cargo, such as grains or minerals, without packaging.

Example: The bulker arrived at the port to unload its cargo of wheat.

Definition: To operate a large machine that pushes earth or other materials, or to move forward in a forceful and insensitive way.

Example: The construction crew will bulldoze the old building to make way for a new one.

Definition: To clear or move earth or materials using a powerful machine, or to force someone to do something in a harsh way.

Example: The construction crew will bulldoze the old building to make way for a new park.

Definition: A person who is involved in business activities, especially in making decisions or managing a company.

Example: The businessperson presented a new strategy to increase sales.

Definition: The act of purchasing something again that was previously sold or owned, often referring to stocks or shares repurchased by a company.

Example: The company announced a buyback of its shares to increase shareholder value.

Definition: The act of purchasing all shares or interests of a company or individual, often to gain control or ownership.

Example: The company completed a buyout of its competitor to expand its market share.

Definition: A skilled worker who makes furniture and other items from wood, especially cabinets and fine wooden pieces.

Example: The cabinetmaker crafted a beautiful oak table for the dining room.

Definition: The right of a country to control trade or transport within its own coastal waters or airspace, often restricting foreign vessels or aircraft from operating in those areas.

Example: The government implemented strict regulations on cabotage to protect local shipping companies.