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Vocab 20

Vocabulary Lesson 20 - Business and Finance

TermDefinition
Accrue To increase, accumulate, or come about as a result of growth.
Arbiter A person to judge or decide a dispute issue. A person who has the power to judge at will.
Audit To examine, verify, or correct the financial accounts. A review of records or financial accounts to check their accuracy. To attend a course without requesting or receiving academic credit.
Cartel A group of independent business formed to control production, pricing, and marketing of goods.
Collateral Property that is pledged as security for a loan. If the loan is not repaid, the property is taken. Serving to support or corroborate. Of a secondary nature, subordinate.
Commodity An item of trade or commerce, especially an agricultural or mining product. Something or someone valuable and useful.
Conglomerate A corporation made up of a number of companies that operate in different fields. To form or gather into a mass or whole.
Liquidate To settle a debt, claim, or other obligation by selling property or goods. To convert assets into cash.
Lucrative Producing wealth; profitable.
Security A document showing ownership or something owed; a stock or bond. Something deposited or given as assurance of the fulfillment of an obligation; a pledge; collateral.
Created by: zanderromanko
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