Exam: GMAT (Verbal)

Definition: An amount of money that is paid for a specific service or privilege, such as tuition or a license.

Example: The school charges a fee for enrollment each semester.

Definition: To pay someone for a service or to give a tip to someone.

Example: I decided to fee the waiter for his excellent service.

Definition: A command or order that is given by someone in authority, often without any discussion or agreement.

Example: The new policy was implemented by fiat from the government.

Definition: In a manner that shows trust or confidence, often used in legal or financial contexts.

Example: The funds were managed fiducially, ensuring that all investments were made with the utmost care and responsibility.

Definition: Relating to a person or organization that has the responsibility to manage someone else's money or property with care and trust.

Example: The lawyer acted in a fiduciary capacity, ensuring that the client's interests were protected.

Definition: A person or organization that has the legal responsibility to manage money or property for another person or group, acting in their best interest.

Example: The lawyer acted as a fiduciary for his client, ensuring that all decisions were made in her best interest.

Definition: To handle a situation with skill and subtlety, often to achieve a desired outcome without direct confrontation.

Example: She was able to finesse her way through the difficult negotiations.

Definition: A quality of being very skilled and careful in handling situations or tasks, often with a delicate touch or subtlety.

Example: She handled the negotiations with great finesse, ensuring that both parties were satisfied.

Definition: To achieve something in a clever or skillful way, often using subtlety or indirect methods.

Example: She was able to finesse the negotiation to get a better deal.

Definition: No longer employed due to being dismissed from a job.

Example: After the company downsized, many employees were fired.

Definition: To have been dismissed from a job or position.

Example: He was fired from his job for being late too many times.

Definition: Related to money, especially in terms of government spending, taxes, and financial policies.

Example: The government announced a new fiscal policy to improve the economy.

Definition: In a way that relates to government revenue, especially taxes, and financial matters.

Example: The company must manage its resources fiscally to ensure long-term stability.

Definition: To put something onto someone else in a dishonest or sneaky way, often without their consent or knowledge.

Example: He tried to foist his unwanted opinions on the group during the meeting.

Definition: To take possession of a property because the owner has failed to pay the mortgage or loan.

Example: The bank decided to foreclose on the house after the owner missed several payments.

Definition: To take away someone's right to keep their property, usually because they have not paid their mortgage or loan.

Example: The bank decided to foreclose on the house after the owner missed several payments.