Unit 2

Promotion – an attempt to increase sales

Motivate – to encourage to act

Disclose – to reveal or explain

Exploit – to take advantage of

Clarify – to make clear

Commission – a fee that a company pays a salesperson

Expenditure – an expense

Promptness – being on time

Remittance – a payment or money that someone sends

Inflation – a rise in the general level of prices for goods and services

Mission – a task or errand that a person or group is sent to do

Remiss – careless in doing one’s job or duty

Stipend – a fixed and regular salary, allowance, or payment

Promissory – making or containing a promise

Pre-empt – to take the place of or have importance over

Pension – a sum of money paid regularly by a company to someone who is retired or had a

disability

Compensation – something that is given or received as payment for work done or for a loss or injury

Exempt - to free from having to do something

Redeemable – able to be turned in or exchanged for money or products

Peremptory – ending all debate or action; final

Destitute – very poor

Colleague – people who work with others

Fiscal – having to do with money or financial matters

Mortgage - a loan which a pledge or property is given as a guarantee that the loan will be
       repaid

Default – to fail to repay a debt or fulfill an obligation

Collateral – something of value given to a lender of money as a guarantee that the loan will
             be repaid

Investment – things that are bought to earn money

Opulence – great riches or wealth

Appreciate – to rise in value or price

Depreciate – to lose value or drop in price