insight advanced unit 3

• third-party


  covering damage or injury suffered by a person other than the insured
• comprehensive policy


  a written statement of a contract of insurance that covers all the possible risks
• sort code


  a number that is used to identify a particular bank
• no-claims bonus


  a reduction in the cost of your insurance because you made no claims in the previous year
• direct debit


  A withdrawal of cash directly from a bank account
• current account


  in the balance of payments, records transactions involving the export or import of goods and services
• liability


  An amount owed by a business
• contactless card


  A card that can be read simply by holding it in front of a card reader. It is used for low-value payments.
• premium


  an amount to be paid for an insurance policy.
• standing order


  carried out until cancelled by another order
• on the outskirts


  the outer parts of a town or city

  
• to go bankrupt


  not get enough money to pay debts

  
• to sustain


  To support for an extended period of time

  
• just around the corner


  going to happen soon

  
• destitute


  extremely poor; lacking necessities like food and shelter

  
• mortgage


  a long-term loan extended to someone who buys property

  
• to exceed


  to go or be beyond the limit or expectations

  
• to increase output


  to boost the production of goods

  
• a debt


  an obligation to pay or do something

  
• supply and demand


  relationship between the amount of product and the desire for the product
• to foreshadow


  be a warning or indication of (a future event).
• to usher


  to guide in a certain direction

  
• fluctuating


  rise and fall irregularly in number or amount

  
• volatile


  likely to change in a very sudden or extreme way

  
• gradual


  a slow change; a step-by-step change

  
• moderate


  not extreme

  
• stable


  not easily changed

  
• steady


  developing, growing, etc. gradually and in an even and regular way

  
• significant/sharp drop/rise


  large or important enough to have an effect or to be noticed; sudden and rapid
• to tumble, slump, dip, plummet


  to fall

  
• to soar, surge, rocket, escalate


  to rise

  
• supplier


  an organization that provides resources for other organizations

  
• pop-up (shop/restaurant/gallery)


  sth which appears suddenly and usually for a short time
• seconds


  a product sold at a lower price because it's not perfect
• outlet


  a place through which products are sold

  
• loss leader


  a product sold at a loss to attract customers

  
• line (of products/cosmetics/clothing)


  a type of product
• merchandise


  goods that a business purchases to sell

  
• point of sale


  places where goods are sold to the public - shops, stores, kiosks, market stalls, etc

  
• to manipulate public opinion


  to control or influence the opinions that people in society have in a dishonest way so that they do not realize it