Exam: GMAT (Verbal)

Definition: A method of adjusting financial amounts, like salaries or benefits, based on changes in the cost of living, so that they keep up with inflation.

Example: The government implemented indexation to ensure that pensions would increase with inflation.

Definition: To support or approve something, especially publicly.

Example: The celebrity decided to indorse the new charity campaign to help raise awareness.

Definition: A person who receives a financial document, such as a note or bill, that has been signed over to them by another party.

Example: The indorsee was responsible for collecting the payment from the issuer of the note.

Definition: A person who endorses a document, especially a check or a bill of exchange, by signing it on the back to transfer ownership or rights.

Example: The indorsor signed the check to transfer the funds to the new owner.

Definition: Something that encourages or motivates someone to do something; it can be a reward or incentive.

Example: The company offered a cash bonus as an inducement for employees to meet their sales targets.

Definition: A person who owns or manages a business in the manufacturing or industrial sector.

Example: The industrialist invested millions in renewable energy projects.

Definition: To make oneself liked or favored by someone, often through effort or flattery.

Example: He tried to ingratiate himself with his boss by bringing her coffee every morning.

Definition: The act of trying to make someone like you or to gain their favor, often through flattery or pleasing behavior.

Example: His ingratiation with the boss helped him get the promotion.

Definition: Having been introduced to a new experience or knowledge, often in a formal or secretive way.

Example: The initiate members of the club were eager to learn the traditions and secrets of the organization.

Definition: A person who has been introduced to or has gained knowledge in a specific area or subject.

Example: The initiate showed great promise in the study of ancient languages.

Definition: To start or begin something, especially a process or action, often by taking the first step or introducing someone to a new experience.

Example: They decided to initiate a new project to improve community services.

Definition: This word describes something that is related to starting or beginning something new.

Example: The initiative project aims to improve community health.

Definition: A noun that refers to the ability or willingness to start something new or take action, often in a proactive way.

Example: She showed great initiative by organizing the community event.