Exam: TOEIC

Definition: An organization that is recognized by law as a separate entity, which has its own rights and responsibilities, distinct from the individuals who make it up.

Example: The corporation announced its plans to expand into new markets next year.

Definition: Relating to a system where economic functions are organized as corporate entities or associated with a corporation.

Example: The corporative model encourages collaboration between businesses and government.

Definition: To change a public organization into one that is owned or controlled by a corporation, often adopting corporate values and practices.

Example: The government decided to corporatize the state-owned enterprise to improve efficiency.

Definition: A person who is a member or part of a corporation, often involved in its organization or management.

Example: As a corporator, she had a say in the decisions made by the company.

Definition: To be in agreement or similarity with something, or to communicate through letters over time.

Example: The two reports correspond in their findings about climate change.

Definition: To sign a document together with someone else, usually to guarantee or support something.

Example: She agreed to cosign the loan for her friend.

Definition: A person who signs a loan or agreement along with another person, agreeing to take responsibility for the debt if the other person fails to pay.

Example: My parents acted as cosigners on my student loan to help me secure better terms.

Definition: To require a certain amount of money or effort in order to obtain something.

Example: It costs a lot to travel abroad.

Definition: The estimation of how much money is needed for a process or product.

Example: The costing of the new project was higher than expected.

Definition: To require a certain amount of money to be paid for something.

Example: The new car is costing me a lot of money each month.

Definition: More expensive than something else.

Example: The new smartphone is costlier than the previous model.