Muse English App | C1 Money & Shopping Words: commission, underwrite, monopoly

Muse English App | C1 Money & Shopping Words: commission, underwrite, monopoly 🎧 Learn English with Maya & Lena! 📚 VOCABULARY FROM THIS EPISODE: 1. commission — a fee paid to someone for making a sale, usually a percentage of the price Example: The real estate agent earns a six percent commission on every house she sells. 2. underwrite — to accept financial risk for a deal, as a bank or insurer backing an agreement Example: The bank agreed to underwrite the company's new share issue. 3. monopoly — complete control of a market by one company, with no real competition Example: The government broke up the telecom monopoly to encourage competition. 4. oligopoly — a market controlled by a small number of large companies Example: The airline industry is an oligopoly dominated by three carriers. 5. procurement — the process of buying goods or services for a company or government Example: She manages procurement for a hospital, ordering everything from bandages to beds. 6. liquidation — selling off a company's assets to pay its debts, usually when it closes down Example: After the liquidation, the shop's remaining stock was auctioned off. 7. remittance — money sent by a worker abroad back to family in their home country Example: Her father's remittances paid for the family's house in Manila. 8. deflation — a general fall in prices over time, often caused by weak demand Example: Economists worry that deflation will make consumers postpone spending. 9. escrow — money held by a neutral third party until the conditions of a deal are met Example: The buyers placed their deposit in escrow until the inspection was complete. 10. fiduciary — relating to a legal duty to act in someone else's financial interest Example: Financial advisers have a fiduciary duty to put their clients first. 📱 LEARN FASTER WITH THE FREE APP: Get the full interactive lesson — vocabulary with photos, pronunciation, shadowing practice, grammar and quizzes — FREE in the Muse English app: https://museenglishapp.com 👍 If this episode helped you, please LIKE the video and SUBSCRIBE — a new English lesson comes out every day! 🔔 Turn on notifications so you never miss an episode. 📲 Install the free Muse English app and practice every day: https://museenglishapp.com New episodes every day. Start listening, start speaking! 🚀