Exam: BEC Vantage

Definition: A person who has a card, particularly a credit card, that allows them to make purchases or access services.

Example: She is the cardholder of the credit card used for the online purchase.

Definition: The goods or items that are transported by a ship, airplane, or vehicle.

Example: The cargo was loaded onto the ship before it set sail.

Definition: A company or person that makes cars and other vehicles.

Example: The carmaker announced a new electric vehicle model.

Definition: A person or thing that carries or transports something from one place to another.

Example: The delivery carrier brought my package on time.

Definition: A tax loss or credit that cannot be used in the current year but can be applied to future years to reduce taxable income or taxes owed.

Example: The company had a significant carryforward from last year's losses, which helped reduce their tax bill this year.

Definition: Designed for consumption outside of the place where it is sold, often referring to food that is taken away to be eaten elsewhere.

Example: We ordered carryout from our favorite restaurant for dinner tonight.

Definition: An item of food or a meal that is purchased to be eaten somewhere else, rather than at the restaurant or store.

Example: I ordered a carryout for dinner because I wanted to eat at home.

Definition: An amount or item that is transferred from one period or place to another, often used in accounting or to describe something that continues from a previous time.

Example: The budget included a carryover from last year's funds to cover this year's expenses.

Definition: The process of transporting goods or materials, often by vehicle, and the cost associated with this service.

Example: The cartage fees for delivering the furniture were higher than expected.

Definition: A way of accounting that records income and expenses only when cash is actually received or paid out.

Example: The company uses a cash accounting method to track its finances.

Definition: Money that is in the form of coins or paper bills, used for buying things.

Example: I prefer to pay in cash rather than using a credit card.

Definition: To exchange a cheque or money order for cash, or to pay with cash.

Example: I need to cash my paycheck at the bank today.

Definition: Able to be exchanged for cash or money.

Example: The check is cashable at any bank.