C2 · 100 entries · Five themes

Markets, strategy and negotiation

Created by , British English teacher.

Open a theme, then select a word or phrase for its meaning, example and pronunciation.

1. Incentives and allocation (20 entries)
  1. a negative externality
  2. a distortionary incentive
  3. an implicit subsidy
  4. an equilibrium price
  5. diminishing marginal utility
  6. a price floor
  7. allocative efficiency
  8. a principal-agent relationship
  9. a marginal social cost
  10. adverse selection
  11. productive efficiency
  12. a positive externality
  13. the tragedy of the commons
  14. an opportunity cost of capital
  15. a free-rider problem
  16. cross-subsidisation
  17. expenditure
  18. price discrimination
  19. surplus
  20. the incidence of a tax
Listen to these 20
2. Money and financial risk (20 entries)
  1. tail risk
  2. asymmetric risk
  3. counterparty exposure
  4. a refinancing risk
  5. a liquidity squeeze
  6. counterparty risk
  7. deposit insurance
  8. a liquidity buffer
  9. liquidity mismatch
  10. a capital buffer
  11. a term premium
  12. quantitative tightening
  13. a sunk investment
  14. capitalise expenditure
  15. maturity transformation
  16. a non-performing loan
  17. contagion
  18. a run on a bank
  19. prudential supervision
  20. amortise an investment
Listen to these 20
3. Markets and bargaining power (20 entries)
  1. a controlling interest
  2. a secondary offering
  3. an orderly wind-down
  4. a leveraged buyout
  5. a poison pill
  6. a management buyout
  7. a rights issue
  8. a white knight
  9. an activist investor
  10. a shareholder resolution
  11. vertical integration
  12. a minority stake
  13. a hostile takeover
  14. break ranks over a deal
  15. write down an asset
  16. dilute a shareholding
  17. asset stripping
  18. a proxy vote
  19. ring-fence a liability
  20. intermediary
Listen to these 20
4. Implementation and long-term strategy (20 entries)
  1. a time-consistent policy
  2. a contingent strategy
  3. an irreversible commitment
  4. strategic patience
  5. a second-best solution
  6. a high-stakes trade-off
  7. a pre-emptive move
  8. a credible commitment problem
  9. a point of no return
  10. a holding operation
  11. a calculated gamble
  12. an asymmetric payoff
  13. create a precedent
  14. restructure
  15. strategic retreat
  16. lock in an advantage
  17. a going concern
  18. hedge one's bets
  19. cut one's losses
  20. throw good money after bad
Listen to these 20
5. Concessions and deadlock (20 entries)
  1. a reciprocal concession
  2. strengthen one's bargaining position
  3. bargain in earnest
  4. raise the stakes
  5. refuse to budge an inch
  6. a walk-away point
  7. play hardball
  8. sweeten the terms
  9. a face-saving concession
  10. a zone of possible agreement
  11. show one's hand
  12. go to the wire
  13. a credible outside option
  14. an eleventh-hour compromise
  15. a face-saving formula
  16. give away one's hand
  17. up the ante
  18. a reservation price
  19. blink first
  20. have someone over a barrel
Listen to these 20
Listen to all 100