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Credit Crunch New Vocabulary

  •  English    24     Public
    Vocabulary
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  • The state or quality of being different or varied (a)
    contentious (a)
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  • distribute or allocate (v)
    Apportion (v)
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  • failure to fulfill an obligation, especially to repay a loan (n)
    default (n)
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  • Never done or known before; without previous example (a)
    Unprecedented (adj)
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  • A period of temporary economic decline during which trade and industrial activity are reduced (n)
    recession (n)
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  • sign or signal that suggests a particular situation or condition (n)
    indicator (n)
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  • An action taken to become involved in a situation in order to improve or help (n)
    intervention (n)
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  • A loan used to purchase real estate, with the property itself serving as collateral (n)
    mortgage (n)
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  • a law or set of laws suggested by a government and made official by a parliament (n)
    legislation (n)
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  • An analysis or examination to assess the ability of something to withstand stress or difficult conditions (n)
    stress test
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  • The action or process of making changes or improvements in a system or organization (n)
    reform (n)
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  • 1. The company faced financial trouble after the client's __________ on a major contract
    Default
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  • 2. The economic __________ suggested that the situation was getting worse.
    Indicator
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  • 3. The global __________ had a significant impact on the job market.
    Recession
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  • 4. The resources were __________ equally among the team members.
    Apportioned
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