Exam: GMAT (Verbal)

Definition: A situation in which the economy is experiencing both a decline in growth and an increase in prices.

Example: The country is facing slumpflation, with high inflation rates and a shrinking economy.

Definition: To ask for something or try to obtain something, often in a formal or persistent way.

Example: The organization will solicit donations to support the local community.

Definition: To ask for something, often in a formal or persistent way, such as help, support, or business.

Example: The charity organization will solicit donations from local businesses.

Definition: The act of asking for something, often in a formal way, such as a request for help, business, or support.

Example: The organization sent out a solicitation for donations to help the local community.

Definition: A type of lawyer who gives legal advice, helps clients with legal issues, and represents them in lower courts.

Example: She decided to hire a solicitor to help with her property purchase.

Definition: The ability of a company or individual to meet their long-term financial obligations and debts.

Example: The company's solvency was questioned after it reported significant losses.

Definition: A person who makes risky investments in the hope of making a profit, often by buying and selling stocks, real estate, or other assets.

Example: The speculator bought shares in the company, hoping their value would increase.

Definition: Someone who spends money carelessly or extravagantly, often wasting it.

Example: He was known as a spendthrift, always buying the latest gadgets without thinking about his budget.

Definition: A person who spends money carelessly and without thinking about the future.

Example: Despite his large salary, he was a spendthrift and often found himself in debt.

Definition: A person, usually a man, who speaks for someone else or represents a group in discussions or public statements.

Example: The spokesman for the company announced the new policy during the press conference.

Definition: A person who speaks on behalf of a group or organization, representing their views and opinions to the public or media.

Example: The spokesperson announced the new policy changes during the press conference.

Definition: The act of intentionally destroying or altering something, especially documents, or taking away property by force.

Example: The spoliation of evidence can lead to serious legal consequences.