Exam: BEC Vantage

Definition: To move to a different place or location, especially for living or working.

Example: After living in New York for five years, they decided to relocate to California.

Definition: To move something or someone to a different place or location.

Example: The company decided to relocate its headquarters to a larger city.

Definition: The process of moving to a different place, especially to a new home or office.

Example: The company announced the relocation of its headquarters to a larger city.

Definition: To promote or sell a product or service again, often to a different audience or in a new way.

Example: The company decided to remarket their old products to attract new customers.

Definition: To send money or payment to someone, often as a form of settling a debt or obligation.

Example: I need to remit the payment for my bills by the end of the month.

Definition: The area of responsibility or work assigned to someone, or the act of sending something back to a person or authority for further consideration.

Example: The remit of the committee includes reviewing all new policies.

Definition: To send money as payment or to refer a case or matter to another authority for further action.

Example: She decided to remit the payment for the invoice by the end of the week.

Definition: To pay someone for their work or services, providing them with a suitable amount of money or compensation.

Example: The company will remunerate employees for their overtime hours.

Definition: A payment or reward given for work or services provided.

Example: The company offers a competitive remuneration package to attract top talent.

Definition: Able to be discussed again in order to change the terms or conditions.

Example: The contract is renegotiable, allowing both parties to make adjustments if needed.

Definition: To discuss and change the terms of an agreement or contract again.

Example: The company decided to renegotiate the contract to ensure better terms for both parties.

Definition: The process of discussing and changing the terms of an agreement or contract that has already been established.

Example: The company is seeking a renegotiation of the contract to better suit their current needs.

Definition: To be available for someone to use in exchange for payment, usually referring to property or equipment.

Example: The apartment rents for $1,500 a month.

Definition: A regular payment made by a tenant to a landlord for the use of property or land.

Example: I have to pay my rent at the beginning of each month.