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Topic: Finance

monopoly

IPA: /məˈnɒpəli/

KK: /məˈnɑːpəli/

noun

Definition: A situation where one company or group has complete control over a product or service, preventing competition.

Example: The company has a monopoly on the production of electric cars in the region.

monopsonistic

IPA: /ˌmɒnəpˈsɒnɪstɪk/

KK: /mɑˈnɑp.sə.nɪstɪk/

adjective

Definition: Relating to a market situation where there is only one buyer for a product or service.

Example: In a monopsonistic market, the single buyer has significant control over prices and supply.

monopsony

IPA: /məˈnɒpsəni/

KK: /mənˈɑpsəni/

noun

Definition: A market condition where there is only one buyer for a product or service, while multiple sellers exist.

Example: In a monopsony, the single buyer has significant control over the price and supply of goods.

mool

IPA: /mʊl/

KK: /mʊl/

noun

Definition: A local or regional variation of the word for a soft, often decayed organic matter that can be found on food or in damp places.

Example: The bread was covered in mool after being left out for too long.

moonlighter

IPA: /ˈmuːnˌlaɪtə/

KK: /ˈmunˌlaɪtər/

noun

Definition: A person who works a second job in addition to their main job, often at night or during their free time.

Example: She is a moonlighter, working as a waitress after her day job as a teacher.

mortgage

IPA: /ˈmɔːɡɪdʒ/

KK: /ˈmɔrɡɪdʒ/

noun

Definition: A legal agreement where a person borrows money to buy property and pays it back over time, using the property as security for the loan.

Example: They took out a mortgage to buy their first home.

transitive verb

Definition: To pledge property as security for a loan, usually to buy a home or other real estate.

Example: They decided to mortgage their house to finance their new business.

mortgagee

IPA: /ˈmɔːɡɪdʒi/

KK: /ˈmɔrɡɪdʒi/

noun

Definition: A person or organization that lends money to someone to buy a property, holding the mortgage as security until the loan is paid off.

Example: The mortgagee approved the loan application for the new house.

mortgager

IPA: /ˈmɔːrɡɪdʒər/

KK: /ˈmɔrtɡɪdʒər/

noun

Definition: A person who borrows money from a lender using their property as security for the loan.

Example: The mortgager signed the agreement to secure the loan for their new home.

mortgagor

IPA: /ˈmɔːrɡɪɡɔːr/

KK: /ˈmɔrɡɪˌɡɔr/

noun

Definition: A person or entity that borrows money from a lender to buy property, using the property itself as security for the loan.

Example: The mortgagor signed the loan agreement to purchase their new home.

mulct

IPA: /mʌlkt/

KK: /mʌlkt/

noun

Definition: A punishment that involves taking money from someone, usually as a fine.

Example: The court decided to impose a mulct on the company for violating regulations.

transitive verb

Definition: To take money or property from someone in a dishonest way, often by trickery or deception.

Example: The con artist tried to mulct the unsuspecting tourists out of their money.

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