Exam: GMAT (Verbal)

Definition: To become more open-minded or progressive in ideas, policies, or practices.

Example: The government decided to liberalize its trade policies to encourage more foreign investment.

Definition: To make something more open or free, especially in terms of rules or policies.

Example: The government decided to liberalize the trade laws to encourage more foreign investment.

Definition: A document or permission that allows someone to do something, such as driving a car or practicing a profession.

Example: You need a license to drive a car legally.

Definition: To give official permission for someone to do something, often related to activities like driving or operating a business.

Example: The government will license new drivers after they pass the test.

Definition: A legal right that allows a lender to keep or sell a borrower's property if the borrower does not repay a debt.

Example: The bank placed a lien on the house after the owner failed to make mortgage payments.

Definition: A crucial part or element that holds things together or makes them work effectively.

Example: The manager is the linchpin of the team, ensuring everyone works well together.

Definition: The amount of cash or assets that can quickly be turned into cash, which is important for meeting short-term financial obligations.

Example: The company improved its liquidity by selling some of its assets.

Definition: Able or likely to be taken to court for a legal case.

Example: The dispute over the contract was deemed litigable by the judge.

Definition: To take legal action or go to court to resolve a dispute.

Example: The company decided to litigate against the competitor for patent infringement.

Definition: To take a legal case to court in order to resolve a dispute.

Example: The company decided to litigate against the competitor for patent infringement.

Definition: A person who represents clients in legal cases and argues in court.

Example: The litigator presented a strong case to the jury.

Definition: A way to earn money or support oneself, often through work or a job.

Example: Many people depend on farming as their main livelihood.

Definition: The activities and methods used by individuals or groups to influence government decisions and policies.

Example: Lobbyism plays a significant role in shaping legislation by allowing interest groups to present their views to lawmakers.