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Topic: Finance

paid

IPA: /peɪd/

KK: /peɪd/

adjective

Definition: Describing something that has received payment or compensation.

Example: She received a paid vacation as part of her job benefits.

verb

Definition: To give money in exchange for goods or services.

Example: She paid for her groceries with cash.

paperwork

IPA: /ˈpeɪpərˌwɜrk/

KK: /ˈpeɪpərˌwɜrk/

noun

Definition: Tasks that involve managing documents, such as reports, letters, and forms, often as part of a larger job.

Example: I spent the whole afternoon doing paperwork for the project.

parity

IPA: /ˈpærɪti/

KK: /ˈpærɪti/

noun

Definition: The state of being equal or having the same value, amount, or status, often used in contexts like economics or computer science.

Example: The government aims to achieve parity in agricultural prices to support farmers.

parlay

IPA: //ˈpɑːrleɪ//

KK: /ˈpɑrˌleɪ/

noun

Definition: A type of bet where the winnings from one wager are used to place additional bets, increasing the potential payout but also the risk.

Example: He decided to parlay his winnings from the first game into a bet on the next match.

transitive verb

Definition: To use an initial amount of money or resources to gain a larger amount, often by betting or investing in a series of events or opportunities.

Example: He decided to parlay his winnings from the poker game into a new business venture.

parsimonious

IPA: /ˌpɑːrsɪˈmoʊniəs/

KK: /ˌpɑr.sɪˈmoʊ.ni.əs/

adjective

Definition: Someone who is very careful with money and does not like to spend it, often to an extreme degree.

Example: His parsimonious nature made it difficult for him to enjoy life, as he always worried about saving money.

partnership

IPA: /ˈpɑːrtnəʃɪp/

KK: /ˈpɑrtənˌʃɪp/

noun

Definition: A type of agreement where two or more people or groups work together and share the profits and responsibilities of a business or project.

Example: The two companies formed a partnership to develop new technology.

passbook

IPA: /ˈpæsbʊk/

KK: /ˈpæsˌbʊk/

noun

Definition: A small book used to record financial transactions, such as deposits and withdrawals, typically issued by a bank.

Example: I checked my balance in my passbook after making a deposit at the bank.

patent

IPA: /ˈpeɪtənt/

KK: /ˈpætənt/

adjective

Definition: Easily seen or understood; clear and obvious.

Example: The solution to the problem was patent, making it easy for everyone to grasp.

noun

Definition: A legal document that gives someone the exclusive right to make, use, or sell an invention for a certain period of time.

Example: She received a patent for her innovative new device.

transitive verb

Definition: To officially register an invention or idea so that no one else can use it without permission.

Example: She decided to patent her new invention to protect her rights.

patentor

IPA: /ˈpeɪtəntər/

KK: /ˈpeɪtɛntər/

noun

Definition: A person or entity that gives permission to others to use an invention or idea, usually in exchange for payment or royalties.

Example: The patentor allowed the company to use his invention for a fee.

patrimonial

IPA: /ˌpætrɪˈmoʊniəl/

KK: /pætrɪˈmoʊniəl/

adjective

Definition: Related to property or assets that are inherited from ancestors or family members.

Example: The family decided to preserve their patrimonial estate for future generations.

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